|BritCham Business Snapshots|
Dear Britcham Members & friends,
For many of us we are closing out the second month of adjusted working protocols with most office staff working from home. However, for those of us working from home it is also important to recognize that many companies have successfully maintained their essential front-line manufacturing, supply chain and facilities management operations under very trying conditions.
Across the World the narratives from many Governments have shifted in the last month. Increasingly they are cautioning against a relaxation of the various control measures that have been implemented. In the UK, politicians have begun to speculate that some measures could remain in place until the end of the year and beyond.
Similarly, business executives are having to quickly adjust long term planning scenarios to take account of the likely changes in business practices with one natural consequence being that businesses will either restrict or prohibit employees from attending business functions. This will inevitably impact the way that business Chambers operate and in that regard obviously BRITCHAM will continue to migrate many of our events to a digital format. As with COVID 19, digital formats are not restricted by physical boundaries and as such I have encouraged the Executive Office team to collaborate much more with Chambers around the Region and beyond to bring a greater variety of quality content to our members and at the same time offer our members opportunities to engage with membership across other Chambers.
- The British Chambers of Commerce – business and trade in the midst and after the COVID-19 crisis (strictly for members & members special category sponsors) | 30 April | 2.30 PM JKT
- Buka Puasa with BritCham | 4 May | 5.15 PM JKT | Special performance by Elizabeth Michelle (pianist) & Giring Ganesha (singer) - a FUN session with prizes |
- BritCham Webinar Series in Leadership & Adaptability with Dr. Paul Aitken (Founder of AgilityShip) | 19 May 2020 | 4 PM JKT |
Indonesian Governmet allocates
Rp1.3 trillion for
Labuan Bajo development
price floor for nickel ore
to protect small miners
Ministry aims to provide income in rural areas with Rp 2.25t irrigation projects
Indonesia to maintain debt sustainability despite COVID-19 relief spending: ADB
Oil plunges for a second day on gloomy outlook
UK inflation hits 1.5% as lockdown begins to bite
On Thursday, 23rd April 2020, BritCham Indonesia hosted a webinar entitled, "Cash Flow Strategies and the Need to Think Beyond These Distressed Times." The discussion focused around the management of cash flow in various sectors, and we are proud to have featured Vinod Kumar (position), Stewart Hall (President Director of QNB Indonesia), and James Allan (Country Head of JLL Indonesia) as the panelists for this webinar.
The COVID-19 pandemic has undeniably posed a threat to the global economy, and managing cash flow, which is essential to a business’ continuity, is proven to be a challenge during these times. If not properly addressed, this pandemic can develop further into an economic crisis, and even a financial and a social crisis. The discussion in this webinar ranges from cash flow-related issues faced by businesses to liquidity issues and property concerns. Solutions and strategies were also introduced to tackle specific problems, such as conserving cash, managing liquidity, and managing lease.
We would like to thank all panelists and attendees for attending this webinar. BritCham Indonesia is committed to offering relevant webinars aimed at providing solutions to problems faced in this current crisis.
|BritCham Indonesia Podcast|
|Member Insights, business challenges and responses Eps.5|
The Ramadhan season just started a couple of days ago.
But With this pandemic crisis, and the Large Scale Social Restriction regulation that occur across Indonesia the tradition has swift from previous years.
In this podcast we’ve invited BritCham’s Executive team, Hanny, Jihan &Septi to share their experience of Ramadhan during pandemic crisis.
|Goverment Actions & Regulatory Updates|
- Large Scale Social Restriction_ updated on 27/04. Bogor, Depok, Bekasi Set to Extend LSSR to Combat COVID-19 tomorrow, April 28, 2020. More details here. More update on LSSR, click HERE
- To follow up the authority given in Perppu no.1(2020), the Financial Services Authority (OJK) issued 5 regulations (POJK) to address the impact of COVID-19. [Official ID | Informal Translations]
- Ministry of Transportation Regulation no. 25 (2020) on Transportation Control during Eid Al Fitr 1441 Hijri Period as the COVID-19 Transmissions Preventive Effort [ID | SSEK English Translations]. Effective on April 23, 2020.
- The Coordinating Minister of Maritime Affairs & Investment shared that mudik prohibition will be effective on April 24, while sanction will be enacted on May 7, 2020. [Informal Translations]
|UK Gov COVID-19 Financial Support|
Launch of new business support tool:
The Government has released a new online ‘support finder’ tool
, helping businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the coronavirus (COVID-19) pandemic. The new GOV.UK tool asks users to fill out a quick and simple online questionnaire. They are then directed to a list of all the financial support they may be eligible for.. Read the press release
on GOV.UK for more information about the tool.
Expansion of Coronavirus Large Business Interruption Loan Scheme (CLBILS):
The Chancellor of the Exchequer, the Rt Hon Rishi Sunak MP, announced today that the CLBILS has been expanded to include businesses with over £500 million in turnover
. As such, all viable businesses with turnover of more than £45 million will be able to apply.
Update on Government’s ventilator challenge:
Since the Prime Minister’s call for companies to design and build ventilators on 16 March, the Government has received over 5,000 offers of support
. Government is now working with manufacturers on the accelerated production and distribution of different types of ventilators.
|Member to Member Notifications|
|Member and Stakeholder events that might interest you :|
YOUR BUSINESS SOLUTION!
Join BritCham Indonesia Membership
For more info, click the following image
BRITAIN BRUNEI BUSINESS FORUM
BRITISH CHAMBER OF COMMERCE CAMBODIA
BRITISH MALAYSIAN CHAMBER OF COMMERCE
BRITISH CHAMBER OF COMMERCE MYANMAR
- Cyber Security Risks in the Era of COVID – 19 - Reputational and legal strategies for businesses in Myanmar [May 4, 2020 - 14.30 Jakarta time] - fee applies : RSVP
- Sustainability in Businesses [May 8, 2020 - 15.30 Jakarta time] - fee applies : RSVP
BRITISH CHAMBER OF COMMERCE OF THE PHILIPPINES
- Adapting to COVID-19 Challenges [April 28, 2020 on 2 pm Jakarta time]: RSVP
- Government Response to COVID-19: Policies and Initiatives by Bangko Sentral ng Pilipinas [April 29, 2020 - 01.00 PM] - fee applies : RSVP
- Adapting to the New Normal [April 30, 2020 - 01.00 PM] - fee applies : RSVP
BRITISH CHAMBER OF COMMERCE SINGAPORE
- BritCham Singapore’s Annual Economic Briefing [April 29, 2020 – 3 pm – 4:30 pm Jakarta time] : RSVP
- China Onshore Strategy for Financial Institutions [May 13, 2020 - 11.30 am] - fee applies : RSVP
BRITISH CHAMBER OF COMMERCE THAILAND
- BCCT Virtual Training Workshop #2 - How to communicate when working from home [April 29, 2020 - 09.30 am Jakarta Time] - fee applies : RSVP
- BCCT COVID-19 : Integrating Mental Wellbeing into Business Continuity Planning [April 29, 2020 – 3:30 – 4:30 pm Jakarta time] – fee applies : RSVP
- BCCT Chamber Chat [April 30, 2020 – 3 pm – 4 pm Jakarta time] : RSVP
BRITISH BUSINESS GROUP VIETNAM
- [Co-Host] Driving (Achieving) Safe Outcomes through Virtual Business Connections and AI Solution [April 28, 2020 on 10 am] : RSVP
|News, Information and Bulletins that might interest you :|