first_imgIndonesia has rolled out a fiscal stimulus worth trillions of rupiah and widened its state budget deficit beyond the 3 percent legal limit to afford a fight against the COVID-19 outbreak, but the figure seems small compared to what other countries are spending.The government has set aside Rp 436.1 trillion (US$26.36 billion) for the stimulus, equivalent to 2.5 percent of the country’s gross domestic product (GDP), which still does not match what other countries have allocated for their fight against the outbreak, said Finance Minister Sri Mulyani Indrawati,“Other countries have taken extraordinary measures to prevent the health crisis from turning into a financial crisis,” she told the House of Representatives Commission XI overseeing financial affairs in a teleconferenced meeting on Monday. Australia’s fiscal stimulus, for instance, is 11 percent of its GDP, while Singapore has allocated 10.9 percent of its GDP, she added.The United States, meanwhile, is rolling out a $2 trillion stimulus package, which is worth 10.5 percent of the country’s GDP, and Malaysia has set aside 100 billion ringgit ($23 billion) or 10 percent of its GDP.“This means that [many] countries are taking similar measures,” Sri Mulyani said.Read also: Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move The government has announced plans to spend Rp 405.1 trillion on health care, social safety nets and business recovery programs to counter the effects of COVID-19. It previously announced an Rp 8.5 trillion stimulus package for tourism and vulnerable households, as well as a Rp 22.5 trillion package for manufacturing businesses.The pneumonia-like illness has infected 2,738 people and killed 221 others as of Tuesday afternoon, according to official data.The government has declared a public health emergency and imposed large-scale social restrictions to contain the virus, which has disrupted businesses and put vulnerable families at risk.“Fiscal and monetary policies will be implemented to try to minimize the impacts of COVID-19,” Sri Mulyani said.“This is an ongoing scenario because the situation is rapidly developing, particularly in April and May, which [experts say] will be the peak of the outbreak. Projections may change as the situation develops.”Topics :last_img

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first_imgHeavy rain has caused flooding in parts of Aceh and Central Kalimantan, affecting hundreds of households and forcing residents to seek shelter.Floodwater inundated at least 2,000 houses in Pidie Jaya regency of Aceh on Tuesday evening.The floods hit at least eight subdistricts in two districts of the regency with the water level reaching up to 120 centimeters, according to the Pidie Jaya Disaster Mitigation Agency (BPDB). The affected subdistricts are Mns Mancang, Pante Beureunee, Blang Cut, Dayah Husen, Dayah Kruet and Beuringen in Meurah Dua district; as well as the subdistricts of Mesjid Tuha and Mns Lhok in Meureudu district.  “The flood, triggered by high-intensity rain, also inundated five prayer rooms and three schools. We have not yet received reports on any casualties from the incident,” National Disaster Mitigation Agency (BNPB) spokesman Agus Wibowo said in a statement on Wednesday.He further said that the fast-response team of the Pidie Jaya BPBD had coordinated with relevant offices to provide food for the affected residents.The floods had not yet receded as of Wednesday morning, he added.Floodwater also inundated several subdistricts in North Barito regency, Central Kalimantan. Three flood-hit subdistricts are located in Lahei district and two are located in Central Teweh district. Agus said in a separate statement that floodwater had started to inundate the areas on Wednesday morning following heavy rain early in the morning. The flooding was due to overflow from neighboring Murung Raya regency.The North Barito BPBD was still gathering data on the impacted areas and number of residents affected, Agus said. He added that most of the residents had evacuated to the houses of relatives and neighbors.The Meteorology, Climatology and Geophysics Agency (BMKG) predicted that some regions in Indonesia would be hit by heavy rain caused by the transitional period from the rainy season to the dry season in Indonesia.”Heavy rain with thunderstorms will happen in the week ahead,” the acting Meteorology Deputy Herizal said on Tuesday as reported by kompas.com, recommending that residents be prepared for disasters that might come with heavy rain – floods, landslides and storms.Topics :last_img

first_img“That is why [during CFD] next week, the entire street will be set aside for cyclists, joggers and pedestrians,” he said.Anies himself was seen riding a bicycle on Sunday morning alongside Jakarta Deputy Governor Ahmad Riza Patria at the Bundaran HI traffic circle in Central Jakarta.While he is yet to give further details on what activities will be permitted for CFD during the transition phase out of large-scale social restrictions (PSBB), Anies has declared that street vendors will be prohibited from selling food and goods during the weekly event.”We will not yet allow street vendors to operate during CFD because it has the potential to gather crowds,” he said.Read also: More than public space, Car Free Day serves as arena to voice political dissentUnder normal circumstances, street vendors are allowed to operate in the designated green zones of Jl. Karet Pasar Baru, Jl. Galunggung, Jl. Blora, Jl. Purworejo, Jl. Sumenep, Jl. Pamekasan, Jl. Teluk Betung, Jl. Kebon Kacang and Jl. Sunda during CFD. Anies has decided to extend the PSBB period until the end of June and has said the capital is entering a transition phase in which restrictions will be gradually eased in different sectors after reports that the daily reproduction number (Rt) of COVID-19 had decreased below one.Meanwhile, according to official figures, Jakarta recorded 117 new confirmed cases of COVID-19 on Sunday, bringing the total number of confirmed infections in the capital to 8,978. Jakarta has also recorded 555 fatalities thus far. (trn)Topics : The Jakarta administration is set to resume the weekly Car Free Day (CFD) on Jl. Sudirman and Jl. MH Thamrin this coming Sunday, but activities will be restricted to bicycle riding and outdoor exercise, with street vendors prohibited from operating.”We will resume the Car Free Day next week for exercise only,” Jakarta Governor Anies Baswedan said on Sunday.The weekly event has been suspended since March 15 as part of the city administration’s efforts to contain the spread of COVID-19. Many Jakartans take advantage of the car-free thoroughfares every Sunday from 6 a.m to 11 a.m to exercise, jog and ride bicycles, or simply to enjoy street food and walking with friends and family.With the capital starting to ease its COVID-19 restrictions, the Jakarta Transportation Agency set up pop-up bike lanes along Jl. Sudirman and Jl. MH Thamrin on Sunday for the many residents taking up cycling to commute and exercise during the so-called “new normal” period.Read also: Jakartans turn to bicycles to commute in ‘new normal’”We designated one lane specifically for bicycles. However, the cyclists exceeded the capacity of the lane,” Anies said.last_img

first_imgFinancieele Dagblad, the Dutch financial daily, and IPNederland (Investments & Pensions Nederland) will be joining forces to further improve their services to the Dutch pensions industry.Jointly, they will be able to optimise their offerings and meet Dutch pension professionals’ needs in terms of independent, reliable news, background stories and analysis.In addition to the daily IPN Newsletter and bi-monthly IPNederland print magazine, the weekly e-magazine FD Pensioen Pro will be part of the joint portfolio.Mariska van der Westen, editor of IPNederland, said she was delighted by the plans to collaborate with FD. “The pensions industry is facing a range of challenges resulting in an ever-increasing need for solid, independent information,” she said.“FD is the leading business daily in The Netherlands, while IPN is the leading information provider for the pensions industry. Collaborating with FD will allow us to optimise our ability to meet those needs.”Eugenie van Wiechen, publishing director at FD Media Group, believes the product offerings are complementary.“By combining IPNederland’s daily news, the weekly FD Pensioen Pro, IPN print magazines and a number of joint events, we will be able to further improve our services to Dutch pension professionals and help them connect directly with their peers.”last_img

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