{"id":3355,"date":"2020-04-14T15:03:15","date_gmt":"2020-04-14T15:03:15","guid":{"rendered":"http:\/\/aiccusa.org\/?page_id=3355"},"modified":"2020-06-16T14:28:50","modified_gmt":"2020-06-16T14:28:50","slug":"update-7","status":"publish","type":"page","link":"http:\/\/aiccusa.org\/?page_id=3355","title":{"rendered":"Update #7   April 13, 2020"},"content":{"rendered":"<p>[fusion_builder_container hundred_percent=&#8221;no&#8221; equal_height_columns=&#8221;no&#8221; menu_anchor=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_position=&#8221;center center&#8221; background_repeat=&#8221;no-repeat&#8221; fade=&#8221;no&#8221; background_parallax=&#8221;none&#8221; parallax_speed=&#8221;0.3&#8243; video_mp4=&#8221;&#8221; video_webm=&#8221;&#8221; video_ogv=&#8221;&#8221; video_url=&#8221;&#8221; video_aspect_ratio=&#8221;16:9&#8243; video_loop=&#8221;yes&#8221; video_mute=&#8221;yes&#8221; overlay_color=&#8221;&#8221; video_preview_image=&#8221;&#8221; border_size=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; padding_right=&#8221;&#8221;][fusion_builder_row][fusion_builder_column type=&#8221;1_1&#8243; layout=&#8221;1_1&#8243; background_position=&#8221;left top&#8221; background_color=&#8221;&#8221; border_size=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; border_position=&#8221;all&#8221; spacing=&#8221;yes&#8221; background_image=&#8221;&#8221; background_repeat=&#8221;no-repeat&#8221; padding_top=&#8221;&#8221; padding_right=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; margin_top=&#8221;0px&#8221; margin_bottom=&#8221;0px&#8221; class=&#8221;&#8221; id=&#8221;&#8221; animation_type=&#8221;&#8221; animation_speed=&#8221;0.3&#8243; animation_direction=&#8221;left&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; center_content=&#8221;no&#8221; last=&#8221;no&#8221; min_height=&#8221;&#8221; hover_type=&#8221;none&#8221; link=&#8221;&#8221;][fusion_text]<\/p>\n<h3><strong>Indonesia Corona Virus Update #7 \u00a0\u00a0\u00a0\u00a0\u00a0 April 13, 2020<\/strong><\/h3>\n<ul>\n<li><strong>Number of reported cases:\u00a0 3842 (as of April 13)\u00a0\u00a0 327 Deaths\u00a0 286 Recoveries\u00a0 <\/strong><\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\">Indonesia reported 330 new confirmed COVID-19 cases in the last 24 hours on Saturday, the second highest rise in a day. \u201cThe disease continues to spread due to a lack of discipline among the people to observe physical distancing, to wear face masks and to wash their hands more often,\u201d the government\u2019s Covid-19 Task Force spokesman Achmad Yurianto said in a video conference in Jakarta.\u00a0 The country of more than 272 million people has only tested 20,000 so far.<\/p>\n<ul>\n<li><strong>Rupiah: $15,840\u00a0\u00a0 \u00a0\u00a0\u00a0Jakarta Stock Exchange Index: 4623<\/strong><\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><strong>Indonesia Raises Significant Capital on Historic Terms<\/strong>: Indonesia has acted quickly to secure capital to help finance its COVID-19 relief measures. The government has raised\u00a0$4.3 billion from selling dollar-denominated &#8220;pandemic\u00a0bonds&#8221; in three trances last week, including the first 50-year dollar-denominated bonds ever issued by an Asian nation,\u00a0to help finance a\u00a0fiscal stimulus to\u00a0counter\u00a0the impact of the <a href=\"https:\/\/jakartaglobe.id\/news\/experts-project-tsunamilevel-death-toll-as-indonesias-covid19-cases-rise\">coronavirus\u00a0pandemic<\/a> on the Indonesian\u00a0economy\u00a0and\u00a0financial system.\u00a0Citigroup, Deutsche Bank, Goldman Sachs, Hong Kong and Shanghai Banking Corporation\u00a0(HSBC) and Standard Chartered placed the offering, &#8220;This is the largest issuance of dollar-denominated\u00a0bonds by the Indonesian government in history,&#8221; Finance Minister Sri Mulyani Indrawati said in a press conference on Tuesday.\u00a0 &#8220;We are the\u00a0first country in Asia to issue a sovereign bond since the Covid-19 pandemic\u00a0[accelerated] in February. No countries in Asia has entered the global bond market due to high volatility and huge turmoil,&#8221; Sri Mulyani said.<\/p>\n<p style=\"padding-left: 40px;\">Indonesia has also arranged significant swap agreements as a \u201csecond line of defense\u201d in the form of a bilateral swap agreement with China, worth $30 billion; Japan, $22.76 billion; Singapore, $7 billion; and South Korea, $10 billion.\u00a0 It also has a $60 billion repurchase facility with the Federal Reserve Bank of NY.<\/p>\n<ul>\n<li><strong>Foreign Exchange Reserves: $120.9 billion\u00a0\u00a0\u00a0 <\/strong>Although $9 billion has been withdrawn from Indonesia\u2019s capital market since the COVID-19 outbreak, the government believes it has significant reserves to finance imports.\u00a0 BI Governor Perry Warjiyo sounded optimistic that the recent bump up in the rupiah boded well for the future, predicting 15,000 would be the rate at year-end.<\/li>\n<li><strong>EID Exodus Moved: <\/strong>A new holiday may created later in the year to encourage Indonesians not to travel to celebrate this year&#8217;s May celebration of the end of the fasting month.<strong><br \/>\n<\/strong><\/li>\n<li><strong>Siloam Hospital Group:\u00a0 <\/strong>Indonesia\u2019s largest private hospital group is constructing 39 prefab hospitals across the archipelago to prepare for more COVID-19 patients.<\/li>\n<li><strong>Advanced Purchases:\u00a0 <\/strong>Importers of Indonesian commodities such as coffee are making advanced purchases in anticipation of port log jams.<\/li>\n<li><strong>Food Imports Restricted: <\/strong>\u00a0Indonesia\u2019s food trading partners such as Vietnam, India, and Thailand have put in export quotas on buffalo meat, rice, and garlic, leading to price spikes and shortages.<\/li>\n<li><strong>Ventilators: <\/strong>With only 8,900 ventilators divided between 1,827 hospitals Indonesia will run short as cases mount.\u00a0 State weapons manufacturer Pindad and electronics maker LEN Industries are reverse engineering imported ventilators in hopes of producing a viable prototype that can be mass produced.<\/li>\n<\/ul>\n<p><em>(sources: Indonesia news media, Bali Discovery Update , Reformasi Weekly)<\/em><\/p>\n<p>[\/fusion_text][\/fusion_builder_column][\/fusion_builder_row][\/fusion_builder_container]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[fusion_builder_container hundred_percent=&#8221;no&#8221; equal_height_columns=&#8221;no&#8221; menu_anchor=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_position=&#8221;center center&#8221; background_repeat=&#8221;no-repeat&#8221; fade=&#8221;no&#8221; background_parallax=&#8221;none&#8221; parallax_speed=&#8221;0.3&#8243; video_mp4=&#8221;&#8221; video_webm=&#8221;&#8221; video_ogv=&#8221;&#8221; video_url=&#8221;&#8221; video_aspect_ratio=&#8221;16:9&#8243; video_loop=&#8221;yes&#8221; video_mute=&#8221;yes&#8221; overlay_color=&#8221;&#8221; video_preview_image=&#8221;&#8221; border_size=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; padding_top=&#8221;&#8221; padding_bottom=&#8221;&#8221; padding_left=&#8221;&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2194,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"side-navigation.php","meta":{"footnotes":""},"class_list":["post-3355","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/3355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/aiccusa.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3355"}],"version-history":[{"count":9,"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/3355\/revisions"}],"predecessor-version":[{"id":3389,"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/3355\/revisions\/3389"}],"up":[{"embeddable":true,"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/2194"}],"wp:attachment":[{"href":"http:\/\/aiccusa.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}