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The market in minutes

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Three hospitals in Riau Islands to welcome Indonesians from Wuhan as locals stage protest

first_img“We are making preparations now. I will visit the hospitals to welcome them [Indonesians from Wuhan]. The final say will be in the hands of the governor and the Batam mayor,” Tjetjep told The Jakarta Post on Saturday.He added that Health Minister Terawan had been in Natuna since Friday as part of the preparations to make the province a transit point for Indonesians returning from Wuhan.“Basically, we need an isolation zine for them until they are declared free from the coronavirus. We don’t want them to be in society before we know they are healthy,” Tjetjep added.In addition, Tjetjep said Foreign Minister Retno LP Marsudi and Transportation Minister Budi Karya Sumadi were scheduled to visit Batam on Saturday, when they will greet the returnees. As of Friday, the virus had killed 213 people and infected nearly 10,000 in mainland China.Meanwhile, Batam Indonesia Free Trade Zone Authority (BP Batam) spokesperson Dendi Gustinandar said there had been no discussions about whether the returnees would be isolated at the haj dormitory in Batam.“I have not heard about the plan. There has been no discussion about it within related offices” Dendi added.He said BP Batam had not issued any instructions to use the haj dormitory as an isolation spot.He statement counters reports the government’s plans to use the haj dormitory as an isolation zone, which has triggered protests and criticism from local people.Riau Islands Legislative Council (DPRD) member Yudi Kurnai said it was wrong for the government to designate Batam as an isolation zone for Indonesians returning from Wuhan given that Batam was a popular tourism destination.“The government should pick another island. It is not the right decision to place them in Batam,” Yudi said.Meanwhile, dozens of people in Natuna staged a rally on Saturday to protest the government’s plan. “Local people are worried about the plan to isolate them in Natuna. We are worried because the coronavirus spreads very quickly,” said a protester. Three hospitals in Riau Islands are making preparations for the arrival of Indonesians from Wuhan, China, who will be isolated for a number of days while they undergo medical checkups and monitoring before they will be allowed to return home.Riau Islands Health Agency head Tjeptjep Yudiana confirmed early Saturday that he had received a letter from the Health Ministry Health Services Directorate General directing his agency to make the preparations.The three hospitals mentioned in the letter are Badan Pengusahaan and Embung Fatimah Regional hospitals in Batam and Natuna Regional Hospital in Natuna.center_img Topics :last_img read more

West Java monitors 13 residents among Wuhan evacuees quarantined in Natuna

first_imgCiting procedures set by the Health Ministry, West Java Governor Ridwan Kamil explained that the patients returning from Hubei were still undergoing their two-week observation in Natuna.If they are healthy, they would soon return to their families after the period was over. However, Ridwan said that the provincial administration would further coordinate with the ministry should any of the 13 West Java people under quarantine be found to have contracted the virus.”After 14 days of observation in Natuna, the patient’s observation could be extended or they could be sent back to [West Java] to receive maximum treatment and I think our teams in West Java are ready for it,” Ridwan said.Read also: Indonesia readies plans for post-quarantine period: Health Ministry Authorities in West Java are closely monitoring the health of 13 people from the province who are currently undergoing observation among some 242 Indonesian citizens in Natuna, Riau Islands, after being evacuated from coronavirus-stricken Hubei province in China.West Java Health Agency head Berli Hamdani said the 13 have been reported to be healthy.“Based on the information that we received from the Health Ministry, they will go home on Feb. 16,” Berli said on Thursday. “But the ministry will contact the West Java administration if there is any further information about their return.” The governor added that local authorities have put type-A hospitals in West Java on standby to handle any suspected coronavirus cases.“We asked the community to be proactive in reporting the cases but also to not share any fake news related to the new coronavirus,” Ridwan said. “If there are reports related to the new coronavirus, we must be proactive without being judgmental.” The government airlifted on Sunday 243 people – comprising 237 Indonesian nationals, five Indonesian diplomats and a foreigner and spouse of an Indonesian citizen – from cities in Hubei, including Wuhan, the epicenter of the coronavirus outbreak.Medical examinations found that all of the evacuees and members of the team involved in the evacuation were in good health and did not show symptoms of the coronavirus, the Health Ministry confirmed on Monday.The death toll from the coronavirus hit 636 as of Friday, with Chinese authorities confirming that more than 30,000 people on the mainland had been infected, AFP reported. The fast-spreading virus has spread to more than 20 countries, with two deaths confirmed in the Philippines and Hong Kong. (hol)center_img Editor’s note: Paragraph one of this article has been corrected.Topics :last_img read more

Iranians fearful and struggling to cope as virus spreads

first_img“It’s extremely hard for us but I can’t take a taxi or bus to go somewhere even if my feet hurt” from walking, said Parmis’ mother Shahpar.”My daughter was depressed at home, so I brought her out shopping to cheer her up,” said the 45-year-old housewife.”They [the children] haven’t been going to school, and they are scared of the virus,” she told AFP.As she spoke, cars and buses flew past at irregular intervals after sling-shooting out of Vanak Square — one of the capital’s biggest intersections where traffic normally snarls at that time of day. Topics : Gone too was the pollution that usually shrouds the sprawling city of more than eight million, thanks at least in part to the reduced congestion.That was of little comfort to 39-year-old architect Pejman, who expressed fears about the spread of the novel coronavirus.”The disease has disrupted our lives. We are scared. There are no masks, and no alcohol for disinfection. People need them but cannot find them,” he told AFP.’People are frightened’ Businesses are suffering too.Pejman said some of his work colleagues were suspected of having the virus and ordered to stay away at home.”It has had a bad effect on our company. They now test our temperatures every morning before we enter the office,” he said.The economic slowdown was tangible on the streets.Shop assistants passed the time by playing games, cleaners meticulously wiped down the doors and windows of empty restaurants, and taxis sat idle on the side of the road waiting for customers.”The streets are empty,” Jamshidi said as his taxi driver colleagues shared a meal and engaged in rowdy banter.”It’s my job to… take people where they need to go, but nobody is leaving their homes to go anywhere,” he told AFP. “If the situation remains like this, we won’t have enough money to eat. Yesterday I earned very little and so far today I haven’t had any passengers.”Hamid Bayot, who owns a juice shop on Vanat Square, said sales were down by 80 percent since the coronavirus outbreak emerged last month.And that is despite steps the business has taken to reassure its customers.”We disinfect everything three times every day. But people are frightened and haven’t been buying anything from us,” said Bayot.”If the situation remains like this, we’ll go bankrupt and we will have to close our shop.”In an apparent bid to cure the boredom of youths, state television has been airing light-hearted shows on its typically austere news channel.It has shown blooper home videos in the past few days and on Monday it broadcast a Pink Panther cartoon as well as the trailer of The Revenant, a film starring Leonardo DiCaprio.”We have to stay at home and do nothing. We can’t see our friends and we are no longer happy,” Parmis said grudgingly through the face mask given to her by her mother. center_img Cooped up at home for days because of Iran’s coronavirus outbreak, Parmis Hashemi was desperate, so her mother took her shopping — even though they only had one mask between them.Despite their fears of catching the disease, the mother and her 13-year-old daughter were out pounding the unusually quiet streets of downtown Tehran on Monday afternoon as officials announced yet another spike in deaths and infections.Schools have been shut across the country as part of measures aimed at stemming the rapid spread of COVID-19, the virus that has now claimed 66 lives out of more than 1,500 cases in Iran.last_img read more

Tokyo sees biggest daily jump in infections as coronavirus emergency begins: NHK

first_imgA day after it was announced, commuters heading to work packed into trains in Tokyo, with some expressing confusion over how best to restrict their movements.”It’s unavoidable that people have to come out for work,” said Risa Tanaka, an office worker wearing a mask near the Shinjuku station, who said she usually tried to work at home, but had stepped out to deliver some documents.”I don’t know if the emergency declaration is enough.”The scenes in Tokyo contrasted with measures across Europe enforced by police patrolling the streets and also through the use of drones in some countries, such as Britain and France. Topics : French residents have had to sign and carry an official form justifying their presence outside homes and face stiff penalties for breaches.Despite some accusations of heavy-handed policing, the enforcement has largely succeeded, leading to bare city streets and the effective shutdown of much of Europe’s local economies, though some flouting has included barbecue gatherings in parks.Japan’s month-long virus emergency gives regional governors more power to press businesses to close, but will add to pains inflicted on the world’s third-largest economy from supply chain disruptions and travel bans.”We’ve reduced the number of in-office workers by half, but we are still rotating to go into work,” said a commuter, Chihiro Kakegawa, an employee of a financial institution near the Tokyo station, adding that it freed her from going to work everyday.With Tokyo’s governor Yuriko Koike expected to announce only on Friday what categories of businesses will have to shut, many shops and businesses have been left to decide on their own for now.In most cases, Japanese authorities have no penalties to back calls for people to stay home and businesses to shut.Department stores, karaoke parlors and some non-essential businesses, such as coffee chain Starbucks, have already said they would close. The foreign ministry said it would monitor the temperatures of all visitors and block those with high fever.With an eye on the economy, Abe has sought a cut of 70% to 80% in contacts among people in the seven regions, leaving plenty of wiggle room for defiance of the request to stay home.Train schedules of the East Japan Railway Co, which services the capital and surrounding areas, remain unchanged, with operations running as normal.”I don’t think the reduction is anywhere near the 70 or 80 percent Abe is aiming for,” said Yoshihiko Furusawa, 43, as he watched pedestrians near the Shinjuku ward office where he works.”I think the important point is to stop people going to bars after work.”center_img Tokyo recorded 144 coronavirus infections on Wednesday, its biggest daily jump since the start of the pandemic, public broadcaster NHK said, without citing sources on the first day of a state of emergency aimed at containing the outbreak.Total infections in the Japanese capital stand at 1,339, NHK said, for an increase that would carry the nationwide tally beyond 4,600, including 98 deaths, based on numbers it published earlier in the day.The number of infections is still far smaller than in many European countries and the United States, but a steady rise in some areas prompted Prime Minister Shinzo Abe to declare the emergency in Tokyo, Osaka and five other hard-hit prefectures.last_img read more

Millions to lose jobs, fall into poverty as Indonesia braces for recession

first_imgThe minister explained there would be “support for business activity from the informal sector to micro, small and medium enterprises and the business world. Because this is related to layoffs and social repercussions.”The IMF on Tuesday released its new World Economic Outlook titled “The Great Lockdown”, estimating Indonesia’s economic growth to plunge to 0.5 percent this year from a four-year low of 5.02 percent in 2019.The IMF also projects that the country’s unemployment rate will rise to 7.5 percent this year, from last year’s 5.3 percent as the pandemic has upended supply chains, forcing companies to lay off employees, and crushed demand for goods as consumers stay at home.Read also: Indonesia braces for recession, activates crisis protocol The government estimates that up to 3.78 million Indonesians will fall into poverty and 5.2 million lose their jobs during the coronavirus pandemic, while the International Monetary Fund (IMF) projects the worst global recession since the Great Depression.Finance Minister Sri Mulyani Indrawati said Tuesday that, with economic growth projected at the lowest level since the 1998 financial crisis, 1.1 million to 3.78 million people could fall into poverty and 2.9 million to 5.2 million workers could lose their jobs.“COVID-19 has resulted in the global economy entering a recession,” Sri Mulyani said in a teleconferenced briefing, reiterating the government’s use of state funds to increase spending on health, social safety and support for businesses. As many as 2.8 million people have lost their jobs as of Monday, according to data from the Manpower Ministry and the Workers Social Security Agency (BPJS Ketenagakerjaan). More than half were furloughed and placed on paid or unpaid leave.“The significant downward revision to the 2020 growth projection reflects large anticipated domestic disruptions to economic activity from COVID-19,” the report says. The IMF expects the virus to hit Indonesia’s economy as the country relies heavily on the export of commodities rather than finished goods.“Among developing economies, all countries face a health crisis, severe external demand shock, dramatic tightening in global financial conditions, and a plunge in commodity prices,” the report says. “They will have a severe impact on economic activity in commodity exporters.”However, the IMF expects that recovery will take place in 2021 as the country’s economy may expand by 8.2 percent, the highest since 1995 during former president Soeharto’s leadership.The global economy is projected to contract by 3 percent this year, but growth is expected to recover in 2021 with a projected rate of 5.8 percent.“It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago,” IMF chief economist Gita Gopinath said. “Worse growth outcomes are possible and even likely.”“This would follow if the pandemic and containment measures last longer, emerging and developing economies are even more severely hit […] or if widespread scarring effects emerge due to firm closures and extended unemployment,” she added.Read also: Avoiding quarantine will inflict greater economic harm, says surveyThe highly contagious novel coronavirus has infected more than 1.9 million people and killed over 119,000. In Indonesia, more than 4,500 people have tested positive for COVID-19 so far, while at least 399 have died.President Joko “Jokowi” Widodo has declared a public health emergency and a national disaster as large-scale social restrictions are in place in several regions with high numbers of confirmed cases.“The economic growth target for 2020 will be corrected sharply, but this will not happen only in Indonesia but also in other countries,” Jokowi said on Tuesday. “We must prepare ourselves for every scenario and work very hard for public health recovery and economic recovery.”The government’s baseline scenario is for Indonesia’s economic growth to drop to 2.3 percent, the lowest in 21 years, with a worst-case scenario of an economic contraction of 0.4 percent.Topics :last_img read more

PREMIUM‘A shock like no other’: Commodity slide to pressure Indonesia

first_imgLOG INDon’t have an account? Register here Facebook Forgot Password ? Linkedin Global commodity prices are expected to tumble this year in a way unseen since the 1900s. This is bad news for major commodity exporting countries like Indonesia.The World Bank’s 2020 commodity outlook report projects a 40.3 percent decline in energy commodity prices from last year’s average. This is accompanied by drops in industrial metal prices (13.2 percent) and agricultural prices (1.1 percent).Such observations are not new but the report, released on April 23, provides a quantitative measure of COVID-19’s impact on commodity markets. The World Bank describes the impact as “a shock like no other” since the 1900s, including the 1980 global recession, the Sept. 11 terrorist attacks and the 2014 Ebola outbreak in Africa.“This will add pressure for Indonesia,” economist Piter Abdullah of the Perbanas Institute told The Jakarta Post o… Indonesia World-Bank commodity outlook-2020 palm-oil metal pertamina BPS Energy-Mineral-Resources-Ministry Topics : Log in with your social account Googlelast_img read more

Colombia’s confirmed coronavirus cases rise above 50,000

first_imgTopics : Colombia’s economy has been battered by the twin ills of a coronavirus quarantine put in place by President Ivan Duque and falling oil prices.The country entered a national lockdown in late March, which is expected to be lifted on July 1.But as certain sectors start to reopen and the quarantine begins to lift, medics are bracing for a spike in COVID-19 cases.At a news conference on Sunday, Bogota Mayor Claudia Lopez declared new restrictions in which residents can only leave home to go shopping or access financial services on days corresponding with the numbers on their ID cards. Strict two-week quarantines will also be imposed in a number of Bogota’s districts where infection rates are high.The lockdown has led to thousands of businesses being shuttered, causing rising joblessness.In April, unemployment in Colombia hit a historic 23.5% in urban areas, equivalent to more than 4 million people out of work, as the government promised further measures to help those most affected.Colombia’s economy will contract 5.5% in 2020, according to the Finance Ministry, because of the semi-paralysis caused by the quarantine.The country will widen its fiscal deficit to 6.1% of gross domestic product – equivalent to more than 60 trillion pesos ($16 billion) – from an original 2.2% of GDP.center_img Confirmed coronavirus cases in Colombia have risen to over 50,000, the country’s Health Ministry said on Sunday, while neighboring Ecuador approached the same milestone.Colombia has reported 50,939 cases of the coronavirus and 1,667 deaths. In Ecuador, cases have surpassed 46,700 and deaths stand at 3,896.COVID-19, the respiratory disease caused by the novel coronavirus, has overwhelmed Ecuador’s health system, in some cases leaving authorities unable to collect the bodies of the dead and forcing the government to store corpses temporarily in refrigerated shipping containers.last_img read more