Biden to pledge $ 4 billion to COVAX vaccine program at G7 meeting Friday Jumat, 19 Februari 2021 / 06:42 WIB Sumber:
Anna Suci Perwitasari
KONTAN.CO.ID - WASHINGTON. The Biden administration will pledge $4 billion to a coronavirus vaccination program for poorer countries in hopes of prying loose bigger donations from other governments, U.S. officials said on Thursday.
U.S. President Joe Biden will use his first meeting with leaders of Group of Seven advanced economies on Friday to announce an immediate $2 billion donation to the COVAX program co-led by the World Health Organization, officials said. COVAX aims to ensure a fair supply of coronavirus vaccines around the world.
Gold hits lowest in more than 7 months as rising yields dent appeal Jumat, 19 Februari 2021 / 15:51 WIB
Reporter:
KONTAN.CO.ID -
JAKARTA. Gold recouped some losses on Friday after dropping to its lowest in more than seven months, but stayed on course for its biggest weekly drop since end-November as rising U.S. Treasury yields eroded the appeal of non-yielding bullion.
Spot gold was down 0.1% at $1,773 per ounce by 0815 GMT, having touched its lowest since July 2 at $1,759.29 earlier in the session. Spot prices have declined 2.9% so far this week. U.S. gold futures slipped 0.1% to $1,773.20.
Prices have clawed back some lost ground after hitting technical support at $1,760, said Hareesh V, head of commodity research at Geojit Financial Services.
Indonesia warned of risks of withdrawing economic stimulus too quickly Rabu, 17 Februari 2021 / 16:28 WIB Sumber:
KONTAN.CO.ID -
JAKARTA. Indonesia needs to keep stimulus in place longer to underpin a recovery in its pandemic-hit economy, a former finance minister and analysts said, ahead of what some expect to be the central bank s last interest rate cut of the current cycle.
Southeast Asia s biggest economy posted its first full-year contraction since 1998 last year, with gross domestic product (GDP) dropping 2.07% as consumption and investment slumped.
After issuing an emergency decree ordering large-scale fiscal stimulus, President Joko Widodo pledged to restore a conservative fiscal deficit ceiling of 3% of GDP by 2023.