Forbes Indonesia - November 2020

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With Indonesia recording a decline in GDP during Q3 2020 of 3.49%, the country has for the first time in over 2 decades, entered a technical recession. It’s a position shared with many other countries and reflecting the continuing slowdown in business activity and trade which the responses to the pandemic have induced. After stabilizing in July and August, Bank Indonesia’s latest consumer confidence index recorded a decline of 3.5 points to 83.4 with a negative sentiment being seen in 13 out of 18 cities surveyed following the latest round of PSSB social distancing restrictions implemented in Jakarta. On the positive side, the decline in retail sales has shallowed, inflation registered a small uptick but remains low at 1.44% in October and the PMI rose to 44.91% in Q3, up from 28.55% in Q2, still in negative territory but reflecting a significantly improved outlook in the manufacturing sector.

Looking Beyond the Pandemic

It is now around seven months since the government first implemented social restrictions in Indonesia.

2 mins

Maintaining Airworthiness

Hit hard by the COVID-19, Indonesia's airline industry will have to deal with the implications for much longer.

6 mins

Indonesia's Healthcare Journey: The Next Chapter

Indonesia’s healthcare ecosystem has been on a journey of progress for the last decade.

2 mins

AIMING FOR RECOVERY

THE COVID-19 PANDEMIC has plunged most countries into recession in 2020, with per capita income contracting in the largest fraction of countries globally since 1870.

10+ mins

BUCKET LIST

DFS COFOUNDER CHUCK FEENEY WANTED TO DIE BROKE. NOW, FOUR DECADES AND $8 BILLION OF GIVING LATER, HE OFFICIALLY IS.

4 mins

SHOT AT SUCCESS

Adar Poonawalla is betting big that his family’s Serum Institute of India will be among the first to produce Covid-19 vaccines.

9 mins

The Hitmaker

While bridging the east and west music scene, 88rising is putting Asian artists in the spotlight.

3 mins

Rising Star

Brian Imanuel proves how Asians in hip hop can thrive in the American music industry

5 mins

30 Under 30 Alumni Spotlight - VIRUS FIGHTER

Alice Zhang’s “garbage chute” cellular research might soon help humans fight o# viral infections of all kinds, including—well, you know.

1 min

Music Mission

Indonesian singer and songwriter NIKI is on a mission to reverse the underrepresentation of Asian artists in American music industry.

4 mins

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Forbes Indonesia is a world-class business magazine of uncompromising quality and scope, providing insights and information to readers critical to their business and inspiring them to greater success