Indonesians most optimistic in SE Asia about economic recovery

first_imgA recent survey has found that Indonesians are the most optimistic of their regional peers about the speed of economic recovery from the COVID-19 pandemic.The survey, which was conducted by market research firm Ipsos between Sept. 18 to 22 and involved 500 people from six countries in the region, found that 75 percent of Indonesian respondents believed the economy would improve in the next six months.The optimism rate in Indonesia was the highest in the study. In Vietnam, 54 percent answered the same way, followed by 50 percent from the Philippines and 28 percent from Singapore. The survey showed, Soeprapto noted, that the reinstatement of large-scale social restrictions (PSBB) in Jakarta on Sept. 14 had little effect on optimism.Some 74 percent of respondents from Indonesia said they were suffering a decline in income during the pandemic. The figure fell from 84 percent in the previous survey in May, when Indonesia was enforcing strict restrictions. The second survey also found that 60 percent of Indonesian respondents wanted the government to concentrate on handling and preventing the spread of COVID-19 for the next six months. Another 16 percent believed the government should focus on providing economic stimulus and social aid, while 13 percent demanded focus on the protection of jobs and the remaining 11 percent asked for authorities to maintain the price stability of goods.Indonesia’s economy was in “bad shape”, according to 57 percent of local respondents. Another 17 percent said the country was in a “really bad” economic situation.Despite some sectors seeing improvements, such as rising exports of agricultural and manufactured goods in September, many economists warn that Indonesia will enter its first recession since the 1998 Asian financial crisis as a result of the COVID-19 pandemic. Topics : “We hope that the optimism can be a reference and give momentum to the central and regional governments to maintain economic recovery in the fourth quarter of 2020 with the various economic stimuli that are being implemented or planned as an effort by the government,” Soepreapto Tan, managing director of Ipsos in Indonesia, said in the survey report published on Friday. last_img read more

Sumner Newscow Sponsor: Ray’s Diner (at former A&W Restaurant)

first_imgWelcome our newest advertiser,  Ray’s Diner, located at 1617 N. A Street (formerly A&W).  Now open 7 days a week from 8 a.m. – 9 p.m serving daily specials for breakfast, lunch and dinner. Call in orders always welcome:  620-326-3333.Join us for our Grand Opening and Ribbon Cutting Ceremony on July 11 at 8 p.m. after the Wheat Festival “Cruising Main Street” event.    Visit Ray’s Facebook page to see their delicious pies and other menu items. Âlast_img

UMG South Africa Makes US$1.5M Offer to Sign STUNNA

first_imgSinger and songwriter STUNNA.Universal Music Group (UMG) South Africa has found themselves in a pole position to sign Liberia’s fast-rising Afrobeat artist, STUNNA.Although they are in pole position, UMG South Africa is still facing competition from Temple Music, which is home to Iyana, one of Africa’s biggest stars, for the “Baby Oh” singer’s signature.The only difference that puts UMG South ahead of Temple Music, according to a source knowledgeable about the deal, is their monetary strength and platform.  However, the source added, it is possible that if UMG South Africa does not act fast, Temple Music, which has now begun to leverage its relations with STUNNA, will get the deal done.The six-year deal on the table by UMG South Africa, the source noted, is worth US$1.5 million, unlike Temple Music which is not close to that.“Negotiation is currently ongoing and so far, STUNNA management team has agreed on the terms of the deal but not advance payment of the US$1.5 million,” the source continued. “Right now, UMG is willing to pay half a million US dollars but the artist’s management team is demanding US$600,000 or above since the deal includes his image rights, publishing, and right to previously released songs. It is only the disagreement about an advance monetary payment that is dragging negotiations.The reported deal, if it does come to pass, will represent — for many Liberian music pundits — the breaking of a glass ceiling not only for the artist but the entire industry.The singer currently regarded as the best young artist right now in Liberia, has a huge crossover potential for success both in Africa and the world at large, thereby making him a good investment. If such a deal is realized, it will make STUNNA the first Liberian artist to be signed by UMG South Africa, a subsidiary of UMG based in the US.Meanwhile, when contacted, Tmark Korpu, who is part of the artist’s management team, did not deny nor confirm the report.“Such a deal comes with immense benefits and it is something that we have been hoping for a long time. It is an opportunity to boost his talent and image and increase his market value.  However, I cannot answer your question whether such a deal is in the pipeline or not. What I can tell you is that something big is about to happen. Really big,” Tmark said.The 20-year-old, who made his musical debut in 2016 with WCW as a collaborative single with rapper A-Raw, is a gifted singer who possesses a powerful voice that is soulful and silky.With over five hit singles to his name, including the widely acclaimed “Baby O” and “Balance” (featuring Iyanya), STUNNA has now built a reputation as a young hit-maker and one of the only few under 20 artists to have had over three successful smashes hit singles.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more