Bank Indonesia (BI) in its latest attempt to spur growth, has cut interest rates by 25 basis points to a record low of 3.5 percent. This was the first interest rate cut this year, and the fifth in the past
Effective from 13 Feb 2021, Indonesia’s Covid-19 vaccination process is regulated under Presidential Reg No. 14 of 2021. The purpose of this regulation is to ensure that 181.5 million citizens will be vaccinated to help enable herd immunity. The government
Indonesian Food and Drug Administration (BPOM) has issued an ‘Emergency Use Permit’ for the Sinovac vaccine produced by PT Bio Farma, an Indonesian state-owned enterprise. Indonesia has ordered >140 million doses of the Sinovac vaccine. But only 3 million doses
The Minister of Finance, Sri Mulyani Indrawati, enacted a new regulation on distribution of funds in foreign currency for the procurement of Covid-19 vaccines. The regulation enables the government to pay directly in foreign exchange, with a direct payment mechanism
Finance Minister, Sri Mulyani Indrawati, claimed the success of the social safety net policy implemented in 2020 in reducing poverty. According to her, these government interventions were needed to curb the poverty rate at 9.78% (>26.42 mil) of Indonesia’s total
COVID-19 vaccine roll-out faces a key logistical challenge in its cold chain distribution to reach remote provinces in Indonesia. The initial vaccinations are reserved for 1.3 million health workers spread across 34 provinces. Health Minister, Budi Gunadi, urges both private
Health Minister Budi Gunadi announced that Indonesia faces a shortage of 448 specialist doctors, nurses and wards to treat COVID-19 patients. As a response, the ministry plans to train general practitioners to perform COVID-19 specific services, mainly pulmonary treatment, anaesthesia
Upon announcement of Trump’s second impeachment, the IDR weakened to 14,092 per USD, along with several Asian currencies such as South Korean Won, Philippine Peso, and the Chinese Yuan. Experts estimate that the IDR will strengthen in light of the
The distribution of Covid-19 vaccines requires cold chain facilities, which consists of ultra-cold freezers to store the vaccines as well as mobile thermoses to deliver them. Generally, vaccines must be stored at certain temperatures (e.g. -2 to -8°C for freeze
As of 25 November, Indonesia recorded its highest daily COVID-19 cases at 5,534 cases. Almost half of these cases came from Jakarta and Central Java. This is in line with the increasing number of tests conducted, with 43,720 people tested
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