Finance Minister Sri Mulyani has said that the country’s economic recovery from the COVID-19 pandemic will depend on the fiscal stimulus package and on economic reforms brought about by the omnibus bills.While the government’s virus handling measures would remain a key determinant of economic activity, the minister said, the economy could recover from the pandemic if the stimulus succeeded in stimulating demand and encouraging production.“We want to make sure that the economy recovers by combining fiscal support with reforms to the investment climate,” Sri Mulyani said at an online seminar hosted by the Asian Development Bank (ADB). “The omnibus bill on job creation will overhaul Indonesia’s investment policy to attract investment and build confidence.” ADB president Masatsugu Asakawa said the bank was ready to assist member countries, including Indonesia, if the outbreak continued, adding that the bank had prepared $20 billion for countries to fight the pandemic.“We estimate that the economic losses from the pandemic could be as high as 8.25 percent of regional GDP in developing Asia,” he said, which would mark the first regional contraction in 60 years. “We stress that if the third wave of the pandemic hits members, the ADB stands ready to provide further assistance.”The ADB expects the Indonesian economy to shrink by 1 percent in 2020, a revision down from the ADB’s previous projection of 2.5 percent growth and one largely in line with the government’s prediction.In the forum, attended by several Asian finance ministers and central bank governors, Sri Mulyani urged stronger global cooperation to develop a COVID-19 vaccine and rebuild the global economy, saying the future of globalization was “not encouraging”.“Although we recognize that this crisis is borderless, the response at the global level is lagging behind […] We all need each other so that there will be a global solution,” she said.Japan’s central bank governor Haruhiko Kuroda said during the discussion that globalization would be sustained and supply chains would be diversified as firms adjusted to the pandemic’s disruption, adding that resorting to protectionism was not the answer and that regional financial cooperation would provide a safety net to weather future economic shocks.Topics : Indonesia’s economy shrank by 5.32 percent in the second quarter and is widely expected to enter a recession in the third quarter, the first since the 1998 Asian financial crisis, as officials spur government spending to deal with the pandemic’s economic fallout.The government has spent about 36 percent of the Rp 695.2 trillion (US$47.19 billion) stimulus package to boost economic growth, but analysts say the stimulus has been ineffective because disbursement has remained slow, even six months into the outbreak.The government hopes the omnibus bill on job creation, which is expected to be passed into law later this year by the House of Representatives, will be able to cut red tape, improve the country’s competitiveness and attract foreign investment to support economic growth and create jobs, despite significant controversies surrounding the bill.Indonesia is formulating an additional omnibus bill to develop and strengthen the country’s financial industry, said the Finance Ministry’s Fiscal Policy Agency head, Febrio Kacaribu, as reported by Reuters. The bill is expected to shape the financial industry “to be more adaptive and responsive to vast developments in technology and business practices”, he added.
“Next.”“Good morning. We want to apply for a marriage licence.” “Names?” “Tim and Jim Jones.” “Jones? Are you related? I see a resemblance.” “Yes, we’re brothers.” “Brothers? You can’t get married.” “Why not? Aren’t you giving marriage licences to same gender couples?” “Yes, thousands. But we haven’t had any siblings. That’s incest!” “Incest? No, we are not gay.” “Not gay? Then why do you want to get married?” “For the financial benefits, of course. And we do love each other. Besides, we don’t have any other prospects.” “But we’re issuing marriage licences to gay and lesbian couples who’ve been denied equal protection under the law. If you are not gay, you can get married to a woman.” “Wait a minute. A gay man has the same right to marry a woman as I have. But just because I’m straight doesn’t mean I want to marry a woman. I want to marry Jim.” “And I want to marry Tim, Are you going to discriminate against us just because we are not gay?” “All right, all right. I’ll give you your licence. Next.” “Hi. We are here to get married.” “Names?”“John Smith, Jane James, Robert Green, and June Johnson.” “Who wants to marry whom?” “We all want to marry each other.” “But there are four of you!” “That’s right. You see, we’re all bisexual. I love Jane and Robert, Jane loves me and June, June loves Robert and Jane, and Robert loves June and me. All of us getting married together is the only way that we can express our sexual preferences in a marital relationship.” “But we’ve only been granting licences to gay and lesbian couples.” “So you’re discriminating against bisexuals!” “No, it’s just that, well, the traditional idea of marriage is that it’s just for couples.” “Since when are you standing on tradition?” “Well, I mean, you have to draw the line somewhere.” “Who says? There’s no logical reason to limit marriage to couples. The more the better. Besides, we demand our rights! The mayor says the constitution guarantees equal protection under the law. Give us a marriage licence!” “All right, all right. Next.” “Hello, I’d like a marriage licence.” “In what names?” “David Deets.” “And the other man?” “That’s all. I want to marry myself.” “Marry yourself? What do you mean?” “Well, my psychiatrist says I have a dual personality, so I want to marry the two together. Maybe I can file a joint income-tax return……..”
Peace River North, MLA Pat Pimm repeatedly advocated for the project prior to being appointed Agriculture Minister, but ran into some controversy and spurred calls from the NDP asking for his resignation and critics also saying he committed an ethical blunder. Laboucane, says the organizers of the petition are yet to approach Pimm, and she adds that if he won’t present the petition, they will have to wait and approach another MLA. The Horse Park also has a Facebook page, which currently has just under 700 members.The Horse Park property is owned by Terry McLeod. McLeod went ahead with some preliminary rodeo ground building plans, which has substantial support from the community, but not the Agricultural Land Commission.The ALC issued McLeod a stop-work order for his plans to develop a rodeo on his 70-hectare property, and consider his development plans non-farm use.- Advertisement -Laboucane says the petition will remain for the public to sign until April 15th.The petition can be signed by clicking here. She says the next step is to find an MLA willing to present the petition on the floor of the legislature.Advertisement