Indonesia raises $1.5b from government bonds to fund fiscal deficit

Indonesia has raised Rp 22 trillion (US$1.51 billion) from government bonds issuances as of Tuesday as it moves to fund the fiscal deficit and the country’s COVID-19 response.The government received total bids of Rp 72.78 trillion – fro

Coronavirus: Primark refuses £30m government bonus for bringing back furloughed workers

Primark will not take advantage of a £30m bonus offered by the government for bringing its staff back from furlough, the retailer has announced.The budget fashion brand has already brought back almost all 30,000 members of staff it furloughed in Marc

Coronavirus: Primark refuses £30m government bonus for bringing back furloughed workers

Coronavirus: Another 27,000 excess deaths 'likely' if government continues on this path, warns top scientist

A further 27,000 excess deaths are "likely" between now and next April under the current approach to tackling the coronavirus pandemic, a former government chief scientific adviser says.Sir David King, who has been critical of the easing of lockdown

Coronavirus: Another 27,000 excess deaths 'likely' if government continues on this path, warns top scientist

German government moves to rescue Lufthansa bailout

The German government leapt into action Monday to rescue a proposed nine-billion-euro (US$10.1 billion) coronavirus bailout for Lufthansa that has run into resistance from a billionaire shareholder.Economy Minister Peter Altmaier and Finance Minist

Pertamina to pay $601m in dividends to government

State-owned oil and gas giant Pertamina will pay US$601.3 million in dividends to the government, 7 percent more than last year, as the state looks to fund its COVID-19 expenditures.The dividends amounted to 24 percent of Pertamina’s net prof

Probing government loan-restructuring and liquidity assistance programs

The impact of the COVID-19 pandemic on business has been massive, simultaneous and indiscriminate, affecting not only micro, small and medium enterprises (MSMEs) but also large corporations and even state enterprises. A wave of layoffs has occurred

Probing government loan-restructuring and liquidity assistance programs