AmCham Update
AmCham Update Vol. 3 #81
Daily Covid Cases Top 6,000, Jokowi Visits East Asia, Economy Relatively Stable, IMF Wary of Recession
Jul 27, 2022


Daily Covid Cases Top 6,000

There were 6,483 confirmed new cases of Covid-19 on July 26, according to the Covid-19 Handling Task Force. There were also over 7,071 suspected cases, and the government reported examining 141,961 specimens in the previous 24 hours. Some 97.12 percent of the population (202,268,728 people) have received the first vaccination dose, 81.57 percent (169,882,385) the second, and 26.38 percent (54,941,943) the booster.

As of July 24, the Ministry of Health reported the bed occupancy rate (BOR) of Intensive Care Unit (ICU) rooms for Covid-19 patients with moderate to severe symptoms was above 10 percent in five Indonesian provinces, with Central Kalimantan leading at 17.39 percent, followed by Bali (15.98 percent), Jakarta (13.73 percent), Yogyakarta (10.56 percent), and North Maluku (10.53 percent).

The average occupancy of ICU rooms for Covid-19 patients with severe to critical symptoms was 4.01 percent or 288 of the 7,188 available ICU beds. The World Health Organization has set a safe threshold of 60 percent for hospital BOR referrals for Covid-19-exposed patients.

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Jokowi Visits East Asia

President Joko Widodo arrived in China on July 25 as part of a trip to three important partners for ASEAN and G20 in East Asia – China, Japan and South Korea – to continue discussions and emphasize other areas of cooperation such as green development, exports, cybersecurity and technology.

After his visit to China, the President will continue to Japan to meet Prime Minister Fumio Kishida in order to strengthen bilateral economic cooperation and discuss regional and international developments. He will conclude his trip with a meeting with South Korea President Yon Suk-yeol to discuss issues including trade cooperation, investment, health, infrastructure, and fisheries.

Meanwhile, Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan welcomed China’s Foreign Minister Wang Yi's arrival in Bali on July 10 for the second meeting of the Indonesian-China High-Level Dialogue and Cooperation Mechanism (HDCM). The meeting discussed the Global Maritime Fulcrum-Belt and Road Initiative agreement. Luhut also thanked the General Administration of Customs of China for helping fishing industry facilities recover during the post-pandemic, in accordance with the G20’s strategic role. Luhut said he hoped this discussion would be an important milestone in bilateral relations and cooperation between Indonesia and China in resolving strategic issues.

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Economy Relatively Stable, IMF Recession Worries

The Indonesian economy is relatively stable in the midst of the unstable global economic situation, Chief of the Presidential Staff Office (KSP) Moeldoko has said. This is based on economic growth of 5.01 percent year-on-year in the first quarter of this year, as well as the stable inflation rate. Moeldoko said the government has made great efforts to control commodity prices to prevent inflation and maintain the public’s purchasing power.

Meanwhile, the International Monetary Fund (IMF) noted the high risk of recession in 2023 in a recent report, once again lowered its world economic forecast due to major slowdowns in the United States, China, and Europe. The world economy is now expected to grow just 3.2 percent this year and only 2.5 percent in 2023, compared to its projection last year of 6.1 percent.

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US Hosts Virtual Meeting on Indo-Pacific Trade

The United States hosted a virtual meeting on July 26 to discuss Indo-Pacific trade, attended by officials representing 14 countries who have joined the Indo-Pacific Economic Framework (IPEF). The ministerial meeting was led by US Trade Representative Katherine Tai and Secretary of Commerce Gina Raimondo.

The meeting served as a platform to foster US engagement with the region, considering it has lacked an economic pillar to its Indo-Pacific engagement since former President Donald Trump quit the Trans-Pacific Partnership (TPP) trade deal. Topics covered included trade, supply chains, clean energy, infrastructure, taxes and combating corruption.

US President Joe Biden launched the IPEF in May, which is designed to serve as a counterweight to Chinese economic influence in the region. Other countries have welcomed the launch of the framework and expect the US to return to the TPP.

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AmCham Cares: Grand Hyatt

Grand Hyatt Jakarta is making important strides to promote sustainability as a commitment to the culture of care toward guests and the environment. One of its sustainability initiatives is the replacement of single-use plastics with eco-friendly options. Refillable glass bottles from Nordaq are now in use for drinking water in all guestrooms instead of single-use plastic bottles.

The Swedish brand’s water-filtering system ensures not only quality but also the "purest tasting water" as it is tapped and capped on site. Plastic materials used in food and beverage services, in-room amenities and other areas have also been substituted with environmentally conscious choices, such as paper straws, paper bags and food containers. Each item is carefully selected and follows ISO 22000:2018 standards.

The newly renovated hotel will soon unveil more plans in order to care better for guests and the environment. Please find more information on grandhyattjakarta.com.


Agriculture Minister Invites G20AWG for Joint Commitment

Minister of Agriculture Syahrul Yasin Limpo invited G20 Agriculture Working Group (G20 AWG) delegates to be part of the second G20 Agriculture Deputies Meeting (G20 ADM) in Yogyakarta on July 27-29, as part of a series of AWG meetings.

Syahrul said the meeting, themed with the balance between production and trade for all food demand, will result in a shared commitment to balance the national food supply from local agricultural sources, seamless food trade, and cross-border agriculture to provide enough food for all. The AWG meetings will culminate in Bali on September 6-8, which will bring together global agriculture ministers.

Secretary-General of the Ministry of Agriculture Kasdi Subagyono, who will also chair the second G20 ADM, said the meeting will begin with a progress report on the realization of the activities carried out by the AWG, followed by discussions of concrete deliverables such as the draft communiqué/declaration. Kasdi hopes the conference will significantly aid post-pandemic economic recovery and global food and agricultural resilience.

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Now is the Time to Join AmCham!

Now is the Time to Join AmCham!

We offer a full slate of meetings, events, and information for our community   online. But we can only do this through the support of our members. If    you are not yet an AmCham member, please join now.

AmCham Indonesia is open to all companies with an interest in US business  relations and we have many non-American members. We are   a  community and we welcome you!

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AmCham Office and Events

AmCham Office and Events

The AmCham Office is transitioning back to the office. We are still maximizing online meetings, using the Zoom platform, but starting to have in-person meetings. You will be notified of the meetings as they are scheduled.

 

 

 


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What is Your Company Doing on COVID-19?

Please let us know what measures your company may be taking in the form of donations and other assistance to help Indonesia during this time of confusion and concern. Contact [email protected] with your news. We would like to publicize the ways that our AmCham companies are pitching in.


Stay well

We urge you to send us press releases and other information that we can pass on to the broader AmCham community. If you have items of interest, please email material to [email protected]. Follow this link to information provided by the US Embassy

Stay safe, call a doctor if you have a high fever, cough, or difficulty breathing. Stay healthy above all else.


AmCham Update is AmCham's regular newsletter on developments related to the pandemic crisis and other issues in Indonesia. It is edited by AmCham Managing Director A Lin Neumann and written by the AmCham Staff. Paul L Goddard is the Managing Editor.