Indonesia Economic Review

 During the pandemic, the number of rich people in various countries experienced a sharp increase. How come? This was revealed by an investment company, Credit Suisse, that during the COVID-19 pandemic, Indonesia is one of the countries that experienced an increase in the number of millionaires in 2020. Credit Suisse said, the number of people with wealth above US $ 1 million or equivalent to Rp. 14.49 billion (USD 14,486) in Indonesia there are as many as 172,000 people. An increase of 62.3% compared to 2020. The factor that caused the increase was mainly the increase in asset prices. One of them is driven by low-interest rates which push up asset prices in financial markets. In addition to the financial market, there was also an increase in the price of physical assets such as the property which still recorded an increase even though the pace was slowing. In 2020, the residential housing price index rose 1.55% YoY (year on year). So here it is not only from income or monthly salary b

The tax delay is the latest move by the US and EU to improve economic relation. The statement came after talks between US Treasury Secretary Janet Yellen in Brussels Monday (14 July 2021) for meetings with EU finance ministers and Commission officials. In its agreement, the European Union suspended the proposed digital levy. According to a spokesman for the European Union, the G20 leadership supports an overhaul of the rules for taxing international companies, as mentioned by  the wall street journal . The EU has faced intense US pressure to delay any announcements until an agreement among the G20 can be reached. The EU's executive body, the European Commission, has "decided to postpone our work on proposals for a digital levy" until October, the spokesman said. Proposals are expected later this month. The EU announcement came after US Treasury Secretary Janet Yellen arrived in Brussels for meetings with EU finance ministers and Commission officials, where she is expected

The government predicts there will be a 10% decrease in demand for sacrificial animals this year. Director of Animal Health at the Ministry of Agriculture's Directorate General of PKH, Nuryani Zainuddin, estimates that the number of requests for sacrificial animals on Eid al-Adha this year is only around 1.5 million sacrificial animals. The prediction figure is down from the realization of sales of sacrificial animals on Eid al-Adha last year which reached 1.68 million heads, as mentioned by detik.com "It is predicted that in 2021 it will decrease by 10%, there is a possibility of a decrease in slaughtering related to sacrificial animals. Approximately the remaining 1.5 million heads include cows, buffaloes, goats and sheep," said Nuryani in the same discussion. When it comes to the stock of sacrificial animals, he guarantees that it will be sufficient to cover this year's needs, even more. Nuryani explained that there were 1.76 million sacrificial animals nationally,

The increasing incidence of the COVID-19 pandemic in Indonesia has prompted the government to impose restrictions on emergency community activities (PPKM) which will have an impact on economic recovery. According to the material presented by the Minister of Finance Sri Mulyani Indrawati and Banggar DPR RI, it is seen that the prediction of economic growth in 2021 will only grow by 3.7% to 4.5%. This forecast is lower than the government's target of 4.5-5.3% before the emergency PPKM. "The whole year is projected to be 3.7%-4.5% after adjusting for the dynamics of the spike in COVID-19 cases since mid-June," Sri Mulyani said. One of the things that slow down is consumption so that economic growth in the third quarter of 2021 is estimated to only grow 4% to 5.4%, while the rate of economic growth in the fourth quarter of 2021 is 4.6% to 5.9%. "With a temporary BI assessment, with one month of Emergency PPKM implementation, economic growth is estimated at 3.8 percent,&q

  The government prepares scenarios for the implementation of restrictions on emergency community activities (PPKM) for 4-6 weeks. This is due to the high risk of the COVID-19 pandemic due to the delta variant. "Emergency PPKM is carried out for 4-6 weeks to contain the spread of cases. Community mobility is expected to decrease significantly," wrote Finance Minister Sri Mulyani Indrawati's presentation material during a meeting with the Indonesian House of Representatives, Monday (12/7/2021). Therefore, the Budget will be strengthened to overcome the negative economic impact of the increasing number of COVID-19 cases, and it is necessary to accelerate the effectiveness of vaccinations, emergency social restriction, and the preparation of the health system, health facilities, and health departments. workers. Sri Mulyani stated that her party would again carry out the third stage of redistribution and redistribution to support the national economic recovery fund of Rp 31 t