GENERAL NEWS AND HEADLINES

Jakarta governor extends PSBB, using June as transitional period
Detik, (https://tinyurl.com/ycz9tkeq); Kompas, (https://tinyurl.com/ydxg7l7w); CNN Indonesia, (https://tinyurl.com/y7emncf3)

Jakarta Governor Anies Baswedan has decided to extend the large-scale social restrictions (PSBB) period for Jakarta, using June as a month of transition as the government slowly relaxes restrictions. Therefore, all sanctions stipulated in the PSBB are still applicable during this transitional phase.

Anies, however, did not specify when he will revoke the PSBB status in the capital city. Instead, he explained that the transition phase would last until the end of June, under the condition that the transmission rate of the virus remained stable.

Previously, the PSBB in Jakarta were to end today, after their initial implementation on April 10 until April 24. Anies then extended the PSBB from April 24 until May 22, before extending them again to June 4.

 

Jokowi calls for use of technology in COVID-19 tracing
CNN Indonesia, (https://tinyurl.com/y732ff9d); Kompas, (https://tinyurl.com/y7ecjlh6); Liputan 6, (https://tinyurl.com/y9jlhjhq)

President Joko “Jokowi” Widodo has requested more intensive tracing of those exposed to COVID-19 to further suppress the transmission of the virus with the help of communication technology systems.

Jokowi mentioned that several other countries had already made use of communication technology systems for COVID-19 tracing, including New Zealand with its digital diary method and South Korea’s mobile GPS used for data collecting.

Moreover, as the daily target of 10,000 COVID-19 samples being tested has been reached, Jokowi has requested that the daily target be increased to 20,000 samples per day.

 

RI’s crime rate increases 16.16 percent: National Police
Kompas, (https://tinyurl.com/ycdyyx5w); CNN Indonesia, (https://tinyurl.com/y75pjhz5)

The crime rate in Indonesia as of the last week of May has reportedly experienced an increase compared to the previous week.

This was the statement of National Police spokesperson Ahmad Ramadhan through a video teleconference held on Wednesday. He explained that, in the 21^st week of the year, Indonesia had 2,735 criminal cases before the 16.16 percent increase the following week, bringing the total number of criminal cases to 3,177.

Most of the reported crimes involves theft (robbery and mugging) and motor vehicle theft, among other forms of theft.

 

BUSINESS AND ECONOMICS NEWS AND HEADLINES

Bank credit restructuring reaches Rp 517 trillion: OJK
CNBC Indonesia, (https://tinyurl.com/ydz8tbuj); Kompas, (https://tinyurl.com/y88xsh6t); Tempo, (https://tinyurl.com/y9daqnon)

According to the Financial Services Authority’s (OJK) records, as of May 26, debt restructuring in the banking sector for 5.33 million debtors had reached Rp 517.2 trillion (US$36.5 billion). The debt restructured for micro, small and medium enterprises (MSMEs) from 4.55 million debtors was worth Rp 250.6 trillion and for non-MSMEs from 780,000 debtors, it was worth Rp 266.5 trillion. Meanwhile, in the multifinance industry as of June 2, 2.6 million debtors had received approval to restructure their debt worth Rp 80.55 trillion, while applications from 485,000 debtors were still under review.

 

BKF to issue state budget revision in two weeks
Bisnis Indonesia, (https://tinyurl.com/yb5sh94m); Tempo, (https://tinyurl.com/yasyot5v)

The Finance Ministry's fiscal policy agency (BKF) will soon provide the legal basis for revising the state budget composition stipulated in Presidential Regulation (Perpres) No. 54/2020. The country's revenue dropped to Rp 61.7 trillion, while spending increased to Rp 124.5 trillion, widening the budget deficit from 5.07 percent of gross domestic product as stated in the Perpres, to 6.34 percent. The new budget deficit increased to Rp 1,039.2 trillion as the national economic recovery (PEN) budget to mitigate the economic impact of COVID-19 pandemic expanded from Rp 641.17 trillion to Rp 677.2 trillion.

 

Majority of SMEs in Indonesia halt operations, some close permanently: ILO survey
The Jakarta Post, (https://tinyurl.com/y9ghqtwv); Kontan, (https://tinyurl.com/yau4doql)

A recent survey by the International Labor Organization (ILO) has revealed that most small and medium enterprises (SMEs) in Indonesia had been forced to close their businesses, either temporarily or permanently, due to the COVID-19 pandemic. The survey, held between April 6 and 24 on 571 SMEs, shows 65 percent of SMEs temporarily halted their operations, while 3 percent had to permanently close their businesses. The ILO calls for assistance and financial support from the government to help the SMEs. National Development Planning Agency’s (Bappenas) SMEs and cooperative development director Ahmad Dading Gunadi said that the government would facilitate small businesses in building partnerships with e-commerce companies, allowing them to tap into online business models to eventually make it through the crisis.

 

Hong Kong-ASEAN FTA to enter into force for Indonesia: HK govt
The Jakarta Post, (https://tinyurl.com/ybpem4jy) 

The Free Trade Agreement (FTA) and the Investment Agreement (IA) between Hong Kong and the Association of Southeast Asian Nations (ASEAN) will see its part relating to Indonesia come into force on July 4, the Hong Kong Special Administrative Region (HKSAR) government announced on Wednesday. Indonesia is the eighth ASEAN member state to apply the FTA and IA, in which it will progressively reduce and eliminate customs duties on goods originating from Hong Kong and provide Hong Kong enterprises’ investments with fair and equitable treatment, physical protection and security, as well as giving assurances of the free transfer of their investments and returns.

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