Indonesia Expat
Business/Property News

Indonesian Stocks Decline by 5%

Indonesian Stocks Decline by 5%

On Thursday 10th September, Indonesian stocks fell by approximately 5% following the announcement to reintroduce stricter large-scale social restrictions (PSBB) in Jakarta.

Measures were first eased in May but are now being implemented strictly again. This reduction marks the lowest the stocks have fallen in three months.

Restrictions such as temporarily closing offices, limited transport, and forbidding dining in restaurants are examples of how the newly extended PSBB will affect life in Jakarta. In the cumulative recorded cases, Indonesia has the second-highest number of cases with approximately 1,000 daily cases recorded each month.

Helmi Arman, an economist at Citi Research stated, “the economic impact of retightening restrictions will depend on the programme and how well others perceive it.”

Source: CNBC

Related posts

Jakarta Prone To Fire Outbreaks During Dry Season

Indonesia Expat

Garuda Introduces New Flight Class for Short-Haul Flights

Indonesia Expat

Bali Hosting Vespa World Days 2022

Indonesia Expat

Interestingly Named Doctor Heading Up Virus Outbreak for Muhammadiyah Hospitals

Indonesia Expat

Elevated Experiences for W Bali – Seminyak’s 11th Anniversary

Indonesia Expat

More Tourists Denied Entry to Bali Despite Visa-Free Policy

Sharon Hambali