DENPASAR - Hundreds of businesses in Badung, Bali, have been negatively affected by the COVID-19 pandemic. Since the pandemic in early March, 532 businesses in Badung have closed.
"This is data as of July 27, after that there has not been any (business premises closed) reporting," said the Head of the Badung Industry and Manpower Office (Disnaker), Ida Bagus Oka Dirga, to reporters, Thursday, October 1.
Hundreds of closed businesses were dominated by businesses in the tourism, hotel and restaurant sector. The impact is that there are 1,551 workers affected by layoffs (PHK).
"Overall data, a total of 532 companies, 42,409 workers laid off, 1,551 workers laid off," said Ida Bagus.
Meanwhile, regarding Indonesia's economic condition, Minister of Finance Sri Mulyani said that economic growth in 2021 will be greatly influenced by several factors. Among them are the availability of the COVID-19 vaccine and support for the expansion of the national economic recovery program (PEN).
Sri Mulyani said that Indonesia's economy is projected to begin to recover in the third and fourth quarters of this year. Where, the acceleration will occur in 2021 with economic growth at the level of 5.0 to 5.7 percent.
However, said Sri Mulyani, next year's economic growth will still be influenced by several things. First, handling COVID-19 in the country and also the availability of vaccines in 2021.
"The timeline of the vaccine will be able to reduce uncertainty, especially at the end of this year and early next year. This will certainly affect the swing of our economic recovery," he said, in a virtual press conference, Tuesday, September 29.
Second, support for fiscal expansion to continue the National Economic Recovery (PEN) program.
"Such as support on the demand side through strengthening social assistance and BLT. Then supply side support focuses on tax incentives, as well as credit assistance and guarantees for MSMEs and corporations. This is expected to be an acceleration and a catalyst stimulus for working capital credit and investment credit requests," he said .
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