{"id":3616,"date":"2020-09-08T16:32:27","date_gmt":"2020-09-08T16:32:27","guid":{"rendered":"http:\/\/aiccusa.org\/?page_id=3616"},"modified":"2020-09-08T16:32:27","modified_gmt":"2020-09-08T16:32:27","slug":"update-27-august-31-2020","status":"publish","type":"page","link":"http:\/\/aiccusa.org\/?page_id=3616","title":{"rendered":"Update #27    August 31, 2020"},"content":{"rendered":"<h2><strong>Indonesia Corona Virus Update #27\u00a0\u00a0\u00a0\u00a0 August 31, 2020<\/strong><\/h2>\n<p><strong>Cumulative number of reported cases:\u00a0<\/strong><strong>174,796<\/strong> <strong>(as of August 31) <\/strong><br \/>\n<strong>7417 Deaths<\/strong><br \/>\n<strong>125,959 Recoveries\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><strong>Rupiah to US$14,554<\/strong><br \/>\n<strong>Jakarta Stock Exchange Index: 5,238<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-3617 alignleft\" src=\"http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31.png\" alt=\"\" width=\"800\" height=\"557\" srcset=\"http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31.png 1850w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-300x209.png 300w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-1024x713.png 1024w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-768x535.png 768w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-1536x1069.png 1536w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-200x139.png 200w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-400x278.png 400w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-600x418.png 600w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-800x557.png 800w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-1200x835.png 1200w, http:\/\/aiccusa.org\/wp-content\/uploads\/2020\/09\/covid-Aug-31-450x313.png 450w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Overview-Highest # Daily New Cases\/Active Cases Decline<\/strong><\/p>\n<p>Over the last 5 days the daily number of new COVID-19 cases have been the highest since the outbreak. \u00a0They are: \u00a02719 (8\/27), 3003 (8\/28), 3308 (8\/29), 2858 (8\/30), 2743 (8\/31).\u00a0The numbers are due in part to more testing (which grew 55% over the last week).<\/p>\n<p>However, because recoveries are outpacing the new cases and deaths, active cases fell 7% week-on-week, the sharpest drop since the pandemic began.\u00a0This may be a sign that treatments have improved, although this is not yet conclusive. \u00a0\u00a0If testing numbers go up that could unveil more new cases, enough to reverse the decline in active case numbers.<\/p>\n<p>Indonesia has now recorded more cases than China.<\/p>\n<p>Due to a continued rise in new cases in Jakarta its governor, Anies Baswedan, has extended large scale social restrictions (no bars, nightclubs and commercial operations at 50% of capacity).<\/p>\n<p>Nationwide, positive test rates continue about 10%.\u00a0\u00a0\u201cRed Zone\u201d regions include various districts in: Malaku; Gorontalo; East, Central, and South Kalimantan; East, Central and West Java; Jakarta; South, West, and North Sumatra; and Aceh.<\/p>\n<p>Advanced trials of a potential COVID-19 vaccine developed in China are currently under way in Indonesia and more than 2000 Indonesians have signed up for the trial of the vaccine developed by Chinese pharmaceutical manufacturer Sinovac.<\/p>\n<p><strong>Travel<\/strong><\/p>\n<p><strong>Local tourism Not Yet Helping Bali:<\/strong> The decision to postpone a plan to reopen Bali to foreign tourists was not an easy one, a spokesperson of\u00a0the Bali Hotel General Managers Association (IHGMA) has said. &#8220;We&#8217;re not sure how the Bali tourism industry can survive until early 2021 with the\u00a0addition of four to five months [of closure],&#8221; said.\u00a0\u00a0&#8220;The reopening of\u00a0tourism to local residents on July 9 and domestic tourists on July 31 has not had a significant effect on increasing hotel occupancy\u00a0in Bali,&#8221; Made said.<\/p>\n<p><strong>Economic<\/strong><\/p>\n<ul>\n<li><strong>Financial Sector Reform: <\/strong>Indonesia\u2019s finance minister, Sri Mulyani, said the government is considering altering the stabilizing landscape for financial institutions amidst a growing concern of the viability of Indonesian financial institutions.\u00a0In address to Parliament she argued for a need to better define the functions of Bank Indonesia (BI), Financial Services authority (OJK) and Savings Guarantee Agency (LPS).\u00a0Gaps have arisen regarding the authority of each and who would intervene when.\u00a0Sri Mulyani wants to better establish the legal authority of each so they can better coordinate their efforts to prevent events such as \u00a0the case of the state insurer Jiwasraya creating a billion dollar Ponzi scheme with thousands of policy holders left holding worthless paper.\u00a0Among the possible outcomes could be a downgrading of the OJK supervisory function or ending the independence of the three agencies. \u00a0\u00a0Clearly, very worrisome systemic issues in Indonesia\u2019s financial services industry is provoking leaders to do something they would not a few years ago.<\/li>\n<li><strong>Don\u2019t Use Dollars:<\/strong> Indonesia\u2019s central bank and Japan\u2019s finance ministry have named a number of banks as cross currency dealers to encourage the use of the rupiah and yen for bilateral trade and investment, Bank Indonesia said on Monday. Mizuho Bank, MUFG Bank, and Bank Negara Indonesia were appointed as dealers to handle direct quotations of rupiah and yen in both countries.<\/li>\n<li><strong>Import Curbs:<\/strong> Indonesia is tightening import rules for some consumer products including sport footwear, bicycles and air conditioning electronics, its trade ministry said, after a surge in imports in May and June. Import permits will be required and tighter document controls put in place over the importation of 11 types of products, after overseas purchases rose significantly in those months.<\/li>\n<li><strong>Cement Business Contracts<\/strong>: State-owned cement producer PT Semen Indonesia expects domestic cement demand to contract by 13 to 15 percent this year.<\/li>\n<li><strong>Worker Subsidies:<\/strong> The Indonesian government is providing subsidies to workers whose salaries are under five million rupiahs (US$341.99) to raise their purchasing power. In the first phase, each worker will receive 1.2 million rupiahs (US$81.90) for two months or 600,000 rupiahs (US$41.04) monthly and the rest will be distributed within the next two months.<\/li>\n<\/ul>\n<p><strong>Governance\/Foreign Affairs<\/strong><\/p>\n<ul>\n<li><strong>UNGA: <\/strong>After years of skipping the United Nations General Assembly, President Joko \u201cJokowi\u201d Widodo is set to finally attend the(75th Session of the UN General Assembly to deliver a speech next month \u2013 albeit not in person \u2013 at the general debate session for the first time during his tenure.<\/li>\n<li><strong>Omnibus Bill Compromise: <\/strong>The working committee composed of labor groups and Parliamentarians working on a groundbreaking Omnibus Bill on Job Creation announced a compromise that may allow the legislation to pass.\u00a0\u00a0The agreement lacks clarity on labor issues (in particular severance).\u00a0Parliamentarians apparently agreed that the bill will comply with past Court decisions on labor regulations (which could be interpreted as watering down the impetus for the bill) and labor leaders agreed that certain industries (tech sector) could be exempt from the Labor Law. \u00a0\u00a0The leader of the largest labor union group, Said Iqbal, reported stated that he hopes everything from the 2003 Labor Law would be retained \u201cwith no changes whatsoever\u201d. President Jokowi\u2019s signature attempt to fundamentally restructure the relationship of labor and capital to ease foreign investment in labor-intensive manufacturing may not make it into the bill&#8217;s final version but other important deregulations may.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Indonesia Corona Virus Update #27\u00a0\u00a0\u00a0\u00a0 August 31, 2020 Cumulative number of reported cases:\u00a0174,796 (as of August 31) 7417 Deaths 125,959 Recoveries\u00a0 \u00a0Rupiah to US$14,554 Jakarta Stock Exchange Index: 5,238 &nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2194,"menu_order":27,"comment_status":"closed","ping_status":"closed","template":"side-navigation.php","meta":{"footnotes":""},"class_list":["post-3616","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/3616","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=3616"}],"version-history":[{"count":1,"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/3616\/revisions"}],"predecessor-version":[{"id":3618,"href":"http:\/\/aiccusa.org\/index.php?rest_route=\/wp\/v2\/pages\/3616\/revisions\/3618"}],"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=3616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}