Indonesia Reopens Borders

On October 14th 2021, Indonesia has reopened its borders for international travelers from 19 countries to enter Bali, as well as Batam and Bintan in the Riau islands. The permit given to these 19 countries are based on the World Health Organization (WHO) standards, with the number of confirmed cases being at level 1 and 2.

Jakarta-Bandung High Speed Train Project Continues

The Indonesian government have decided to allocate funds from the annual state budget for the Jakarta Bandung High Speed Train project. The government have been forced to step in and provide funding, as construction costs have increased by IDR 27 trillion, as the costs have overrun due to impacts from the COVID-19 pandemic.

IMF Downgrades Global Economic Outlook

The International Monetary Fund is slightly downgrading its outlook for the global recovery from the pandemic recession, revising global economic growth projection to 5.9% for 2021, which is 0.1% lower than the previous projection.

Impact of Semi-Conductor Chip Shortage

The world is facing a shortage in semi conductor chips, which is affecting many global industries, especially the global automotive industry, which is projected to suffer over US$210 billion in losses. Metro TV’s Mercy Widjaja discussed further with the Chairman of Indonesian Association of Automotive Industries, Yohanes Nangoi.

Tunisia's Economic Crisis

Tunisia's economic, political and heath woes have taken a toll on craftsmen and shop owners in Tunis' Medina, a centuries' old quarter of the city.

Indonesian Film Industry Receives Financial Stimulus

In an effort to revive Indonesia's film industry, the government will provide financial stimulus packages to tens of film production companies.

Freeport Indonesia Smelter

Once Tuesday (12/10), President Joko Widodo led the groundbreaking ceremony, for the construction of the Freeport Indonesia smelter, which will be built at the Gresik Special Economic Zone in East Java. Once completed, it will be the largest single line smelter in the world, with a production capacity of 1.7 million tons of copper concentrates per year.