South-East Asia(SEA) countries are still facing serious covid-19 virus spreads.
But SEA countries also have very weak economy basement, so the economy could be collapsed if lockdown keep going on.
So Indonesia that is largest economy scale in SEA region would release lockdown and start normal economy activities again.
• Confirmed cases: 25,538, Death toll: 1,496 (Daily toll continuously keep over 500)
• Lockdown release and economy restart: On June, Indonesia will release partial lockdown and already 80% of Jakarta population is working in office
• Currency: Getting stable in 14,616 Rupiah per USD
• Lack of hospital facilities: Most of hospitals in major cities are already full with covid-19 patients.
Projects
- High Speed rail projects
a. 2020 ~ 2024
b. 6B budget
c. Jakarta - Bandung
d. It’s a project that come from the China initiative “Belt and Road Initiative” - Oil Refinery Project
a. Driven by energy company “Pertanina” to upgrade the refinery facilities with 12B USD budget
b. Co-project with Taiwan company - Many global companies’ Asia branches may move to Indonesia regarding high labor cost in China and unstable political status.