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JAKARTA (The Jakarta Post/Asia News Network): In the wake of weakening consumer buying power and confidence, the modern retail industry’s road to recovery is still heavily reliant on the mini-mart (minimarket) segment, as the supermarket and hypermarket segments continue to struggle, even after mobility restrictions were eased.
By Morgan Davis
18 Dec 2020
Indonesian high yield companies that had limited access to the international bond market this year due to the Covid-19 pandemic are now preparing for a challenging 2021 unless sentiment gets a dramatic boost from the vaccine news. Morgan Davis reports.
This year presented a number of hurdles for Indonesian corporations. As of December 14, the country of nearly 275m people had reported 618,000 cases of the Covid-19 virus. The semi-lockdown policy that was put in place to battle the spread of the pandemic squeezed manufacturing and exports. Moody s predicts the country s GDP will contract 2% in 2020.
Still, a number of Indonesian borrowers, including the sovereign, sold international bonds in 2020.