Indonesia’s economy shrank by 5.32 percent year-on-year (yoy) in the second quarter of this year. The government expects the economy to contract 1.1 percent at worst or grow 0.2 percent at best in 2020. The economic impact of the so-called micro-scale social restrictions (PSBM) in Jakarta’s satellite cities, including Bogor, Bekasi and Depok, may not be as bad as the restrictions in the capital, according to Izzudin.Jakarta’s neighboring province of West Java had reported about 15,500 confirmed cases as of Thursday, making it the fourth-hardest-hit province.Berly Martawardaya, research director at Indef, said the government could adopt a risk-factor-based approach to making lockdown decisions to save lives while keeping the economy afloat.“If the cases do not slow down in two weeks, the second PSBB will likely be extended. If they decline, the reopening should be based on risk factors so we can stop the pandemic and save the economy – in that order,” he said.The Jakarta administration, he suggested, could close industries that made little economic contribution and had a high risk of transmission, such as entertainment and recreation.Under PSBB, 11 essential sectors – including health, food, energy, communications, finance, logistics and daily needs retail – are allowed to operate at 50 percent of capacity.Government offices and private companies outside these sectors must implement work-from-home policies and allow no more than 25 percent of their employees to work in the office at the same time.In the recently published Asian Development Outlook 2020 Update, the Asian Development Bank (ADB) stated that continued disruption from the pandemic would have “severe implications for growth” in Indonesia, with domestic demand and export prospects dampened as a consequence.Read also: Prolonged pandemic could derail Indonesia’s recovery, ADB, economists warn“Basically, there isn’t a trade-off [between public health and the economy]. This is a health crisis. Unless you can address this effectively, you can’t have a full recovery,” ADB director for macroeconomics research Abdul Abiad said on Tuesday.“We have to remember that containment has many different dimensions, and if you focus on the things that help with the outbreak and don’t hurt the economy so much, you will do well,” Abdul added.Topics : The government will need to augment its social safety net to offset the economic blow of the reimposed large-scale social restrictions (PSBB) in Jakarta, an economist with the Institute for Development of Economics and Finance (Indef) has said.Izzudin Farras of Indef said on Thursday that the lack of a social cushion could pose a risk to the economy, as the capital city accounted for nearly one fifth of Indonesia’s gross domestic product (GDP).“If Jakarta’s economy remains negative in the third quarter, with the apparent impact since July and August, it will hit the national economy and indicate recession at the national level,” Izzudin said in a virtual discussion.Izzudin added that the government needed to improve its social assistance programs by placing more emphasis on the millions of vulnerable members of the middle class who were prone to falling into poverty because of the COVID-19 pandemic. Policymakers should expand and update the Social Affairs Ministry’s Integrated Data for Social Welfare (DTKS), he said, to cover 60 percent of the nation’s poorest people, an increase from the bottom 40 percent currently accounted for.“With updates and a large amount of data, the government can make social assistance better targeted to middle-lower-class people,” said Izzudin. Jakarta Governor Anies Baswedan announced on Sept. 9 that large-scale social restrictions (PSBB) would be reimposed in the city, replacing the “transitional PSBB” that had prevailed since June, over concerns that Jakarta would run out of isolation beds by Sept. 17 if no additional restrictions were put in place.As of Thursday, the capital had recorded about 58,500 confirmed COVID-19 cases, accounting for a quarter of the national tally of more than 232,600.Jakarta is the largest regional contributor to the national economy. The area’s regional domestic product accounted for 17.17 percent of the country’s GDP in the second quarter, Statistics Indonesia (BPS) data shows. The capital is followed by East Java (14.6 percent) and West Java (13.45 percent), which are also virus epicenters.So far, the government has earmarked Rp 204.95 trillion (US$13.8 billion) for social safety net programs in its COVID-19 response plan, including for direct cash transfers and the Family Hope program, out of the total relief budget of Rp 695.2 trillion.
Published on April 23, 2019 at 7:16 pm Contact Anthony: [email protected] Facebook Twitter Google+ After a weekend of struggles at the plate, Syracuse bounced back with 14 runs and three home runs on Tuesday afternoon against Binghamton to win just its second game in seven tries.Neli Casares-Maher and Hannah Dossett became the first pair to hit back-to-back Syracuse home runs since April 13, 2016. After those two swings, SU’s lead ballooned from three to seven. The Orange dropped two of their three games last weekend against last-place Pittsburgh and entered Tuesday afternoon’s game at Binghamton (15-25, 4-10 America East) looking to find an offensive rhythm.SU scored just two runs in the last two games of the weekend series. In the first inning on Tuesday, Syracuse equaled that total. The Orange (20-25, 8-10 Atlantic Coast) jumped on the Bearcats early, scoring two in the first and cruising to a 14-0 blowout win in a five-inning shortened game.Instead of throwing ace Alexa Romero, SU head coach Shannon Doepking opted to start Miranda Hearn, who continued her success from the weekend with a complete-game shutout, her first at SU. While Hearn walked five batters, she allowed just three hits, and no Binghamton baserunners reached past second base.AdvertisementThis is placeholder textEva Suppa | Contributing Digital DesignerThe Orange were stifled by the change-up in both Saturday and Sunday’s games, but they had no problem spraying hits across the entire field Tuesday. Gabby Teran led off with a base hit to left field, advancing to second on an error. Hitting second, since senior Bryce Holmgren dropped in the lineup, senior Alicia Hansen tripled in Teran. Then, Lailoni Mayfield hit a sacrifice fly to score the second run from third.In the third inning, SU had runners on the corners when Hansen took off for second. Teran, on third, was able to take home and both runners were safe. Then leading 3-0, Casares-Maher stepped to the plate with Alex Acevedo and Hansen on base. She hit her fourth home run of the season to deep center and was immediately followed by Dossett’s home run. The Orange took a 7-0 lead into the bottom of the third.Holmgren led off the fourth with a double and Hansen drove her in with a single two batters later. After AJ Kaiser walked and Acevedo singled, Casares-Maher again came up with two runners on. And again, she homered to give SU a 12-0 lead.In the top of the fifth, with SU already in position to clinch the game with the 10-run mercy rule, they added two more runs. Both Holmgren and Hansen recorded hits and runs, as they were two of three SU players to record three hits. Hansen, now back at center field with the return of Casares-Maher to the lineup, finished the afternoon with three runs, three hits and three RBIs.The Orange travel to Atlanta this weekend for a three-game set with Georgia Tech. The first game is Friday at 4 p.m. Comments
by Tracy McCue, Sumner Newscow â€” The following are the garage sales that we have for Dec. 12-14, 2014. If you still need a garage sale advertised just use the comment section below. Good luck with bargain huntingFollow us on Twitter.