indonesia and other countries such as the philippines have been affected by the coronavirus outbreak a member of the philippines u.n. delegation in new york tested positive for the virus sending the entire delegation into quarantine in manila authorities will begin implementing a travel ban and a quarantine of the capital's 12000000 people despite list of 40 cases indonesia 2 is ramping up its response to the virus beginning with a massive disinfection campaign. this is indonesia's biggest mosque it can accommodate more than $10000.00 worshippers and it's an icon for the nation's believers but in times of the novel coronavirus it's a threat to public health which is why a drive is under way to disinfect this and thousands of other mosques under the watchful eye of the indonesian president we have rolled up and removed all the carpets because they are a potential source of disease and we are spraying disinfectant in. singapore is going a step further closing all mosques in the city state for at least 5 days. disinfection crews are becoming a common sight from seoul to tokyo to money l

'd there the object of study by young scientists from indonesia. she's currently working at a research institute. new. antibiotics is a race against time most antibiotics were derived from substances produced by soil dwelling microorganisms at the helm of scent of infection research in germany sally octavian is studying sediment from mangrove swamps to isolate bacteria that produce antibiotic substances the samples come from a nature conservation area in indonesia. the microorganisms in this house have adapted to their tidal environment to thrive in the sediment and brackish water they've evolved to produce a variety of novel and to microbial compounds could this be a new source for the drugs that are so urgently needed. all. we all know the world needs new antibiotics that. a growing number of pathogens are developing resistance to the antibiotics used in medicine today. well that's because so many antibiotics are being overused and misused. but. the biologists have been trying to find as many microorganisms as possible that produce antibiotic sub

it's mines like this that has made indonesia amongst the world's top exporters of coal.a where the new administrative capital will sit is ground zero for indonesia's coal boom. the wealth gained mostly went back to jakarta, the communities here have seen little benefit. and now illegally abandoned mines like this one, a short drive away, are scattered across the province. death traps for children. this man takes me to where his ten—year—old granddaughter, natasha, drowned. she fell in and could not swim. one of 36 people, most of them children, who have died in abandoned mining pits in the last few years. herfamily had been demanding in vain for the mining companies to obey the law and clean up the ravaged landscape. their family moved here in the 1970s as part of a huge government—sponsored transmigration programme to get people out of overcrowded java to the sparsely populated areas like kalimantan. they are going to make this the new capital of indonesia in your area, how do you feel about that? this is what their new capital on their doorstep could look like. this, t

indonesia is one of the countries that's both an export and importer and economists think it could be a challenging time for the country and its oil industry the export us will really going to feel the pinch i think the 1st is because cotton a fire is impacting the global economy the china's economy will feel the slowdown the global economy will fail to slow down like almost everything in recent weeks the slump in oil prices comes back to the corona virus outbreak china the world's biggest importer of oil was turning back tank is as its economy began to contract. saudi arabia called for a massive cant in production but russia disagreed and in response to riyadh ramped up production indonesia is a net importer of oil production has been steadily on the decline and domestic consumption on the rise some fear volatility in the sector may not bode well for the future prospects of indonesia's domestic industry with lower prices. attractive enough festers but a foreign investment to come into the oil sector in need and what we need the most right now is investment coming in to really push le

there the object of studies by young scientists from indonesia. she's currently working at a research institute in germany. the development of new antibiotics is a race against time most antibiotics were derived from substances produced by soil dwelling microorganisms at the helm of infection research in germany 70 octave yana is studying sediment from mangrove swamps to isolate bacteria that produce antibiotic substances the samples come from a nature conservation area in indonesia. the microorganisms in this house have adapted to their tidal environment to thrive in the sediment and brackish water they've evolved to produce a variety of novel unto microbial compounds could this be a new source for the drugs that are so urgently needed. the world needs new antibiotics then. a growing number of pathogens are developing resistance to the antibiotics used in medicine today. well that's because so many antibiotics are being overused and misused. but the biologist has been trying to find as many microorganisms as possible that produce antibiotic subst

it is not our current situation in indonesia.scernible] , weareas we are focused on will open a new route to indonesia. india planning to open to and australia, and also thailand. another 10 new destinations will be our focus. are the lower oil prices helping you? how are you hedged right now? irfan: at this moment 50% will continue. we are waiting for the discussion internally. the low price has an effect on the bottom line because fuel is 30% of our costs. the oil price will help us a lot. in theot have benchmarks normal situation. our expectation is the oil price will remain the same as today. thank you so much. that was irfan setiaputra, president & ceo, garuda indonesia joining us exclusively from jakarta. up, we are looking at india where everyone is told to stay home as infections rise across the country. we will have the details next on the india story. this is bloomberg. ♪ yvonne: india is urging its 1.3 billion people to stay indoors to prevent the spread of the coronavirus. is enforcing work from home measures and prim

take a look at some examples now emerging markets have borne the brunt of the rush for dollars indonesia's appear lost almost 14 percent of its value since the beginning of the year the russian ruble and mexican peso lost a 5th of their values the problem for emerging markets they might want to cut interest rates to stimulate carona hit economies but that would undermine their currencies further and interest payments on dollar denominated debt is just soared unbalancing finances and sterling fell more than 10 percent or to a low of $1.14 a level last seen in $185.00 the u.k.'s divorce from the european union has broken the resilience of the pound which was considered to be tethered to the fortunes of the continent well not anymore the best performing currency just happens to be the arjen time peso best performing of course in the sense its fall in the least compared to other latin american nations having capital controls has certainly helped though now the dollar has been the world's leading currency for more than a century today more than 60 percent of all foreign bank reserves are in dol

for indonesia yield differential with the u.s., at the end of the day, indonesia they yield- differentialned. that is the bottom line. however, the fact that they are heading lower, that has opened policy room in indonesia. the key is the timing of the policy decision. you mentioned a bit about what needs to be done. we have a rupee right now that is basically back to a two-year low, 15,350. how does that change thinking for bank? indonesia is that enabling working cautiously this time? >> that would be a big consideration. like i mentioned, there is no question the economy needs as much accommodation as bank of indonesia and regulators can provide, but the pressure on the rupee could face timing of when the bank of indonesia embarks on this. i would highlight that there are other quality options that at this point could be more effective than a policy rate cut. but let's put this decision into perspective and get the priorities right. this is really a health crisis first before economic and financial crisis. what we need to see in indonesia toa shift in policy focus prevent the spread of

of people have been gathering near the venue jessica washington is following developments from indonesia's capital jakarta. local authorities never gave permission for this event to go ahead but regardless we know that at least $8000.00 people showed up in south sulawesi not just indonesians but many from countries abroad including the philippines thailand and even brunei and timor leste state what we know is that this event never had permission to go ahead we did see some scenes overnight of people crowding into this shed tent space it's incredibly dangerous event and really did put people at risk and authorities never gave permission for this event to go ahead we know now that they have finally convinced the organizers to call it off but it may be true late people have already gathered there are thousands there who will now make the journey back home the military will a school them to make sure that that process is as orderly as possible but this is the same group that organized the gathering in malaysia which did cause a huge spike in cases the concern is now that the same will happen h

back in indonesia. is on his way to one of the archaeologists digs he's curious to see what they found so far. the excavations are going well and sunny we've been so nose team has uncovered another building. archaeologists can tell from the remnants that it had been built on stilts and that its walls were decorated with palm wicker work. at the back was the kitchen which is recognisable from the many stones that mark the fireplace in the middle of the 3 for hillary but apart from the fireplace we were so no is keen to show get to something else that he's found. human bones. it's only the 5th set of skeletal remains they have found so far what's strange is that these bones are as charred as the others and. another surprise is this is the only victim they can find although the house seems to have been built for an extended family. please let that be a little bit. maybe the people who live there are already frayed perhaps during the 1st phase of the eruption on april 5th. this could mean that there were on

indonesia is kind are we jaya visit his parents homeland regularly he's a major star here. appearances in commercials and t.v. shows have made him a household name in indonesia here he performs in big concert halls like last year in jakarta at this benefit gonna for tsunami victims. i tried performing this balancing act popstar in indonesia classical artist in germany hardware but a while back i decided i only come as a package deal with him in the so even if i'm performing entails in indonesia and playing for the president i try to remain true to myself and be as authentic as possible. at a club in cologne germany. doesn't just perform classical music he plays everything from johann sebastian bach to a cover of chandelier from pop star sia. question it's a she says speak to me and it doesn't matter to me which is genre they belong to that's my goal in concert to break down this compartmentalisation people who come to my concerts should know everything's on offer. as in his music john likes to try out different things and play with his image and not just during photo shoot.

here we go again with indonesia.ously couple of weeks ago and then a big bounceback last week, but again, more jitters in these markets as indonesia now contemplates whether to impose a lockdown there. all right, where we stand right 4318.r the benchmark, this is bloomberg. ♪ ♪ this is "bloomberg markets: asia," with a quick check of the business flash headlines. bankruptcy, oneweb had raised more than $3 billion in debt, including qualcomm. at least one third of that came from softbank, which was invested at the end of 2016. this erases some of the gains softbank mate last week after it said it would sell assets to raise cash. global airlines have raised billions in bank loans this month as the coronavirus ravages demand for travel. data compiled from bloomberg show u.s. carriers have been the most active, borrowing 12.5 billion dollars, with delta claiming almost half of that. and there were credit lines they did not use before this. and a chinese electric vehicle maker is offering a full range of parts to its riva

why the chaos on oil markets is sending shock waves through indonesia's economy. welcome back the weather across the arabian peninsula is looking very unsettled overnight few days intense thunderstorms are possible around the u.a.e. right amman and indeed here in qatar this area of low pressure across iraq but looks particularly nasty some intense rainfall could well cause some flooding and a threat to life as a move the forecast from saturday through to sunday then we'll see that system moving further towards the east so it's iran's turn to see threatening rainfall really could cause somebody severe flash flooding still some storms for cats are indeed 40 by standing across parts of amount through into saudi arabia and yemen temperatures in the mediterranean regions are recovering a little bit at that stage we've got to high as of 16 there beirut's about stage and on the western side of saudi arabia where the conditions are generally looking fine now as we head into central parts of africa we've got some very heavy showers across the ethiopia across the highlands

back in indonesia. is on his way to one of the archaeologists digs he's curious to see what they found so far. the excavations are going well and sunny we've been saunas team has uncovered another building. archeologists can tell from the remnants that it had been built on stilts and that its walls were decorated with palm wicker work. at the back was the kitchen which is recognisable from the many stones that mark the fireplace in the middle of the street for 3 days but apart from the fireplace we were so no is keen to show get to something else that he's found. human bones. it's only the 5th set of skeletal remains they have found so far what's strange is that these bones are is charred as the others. another surprise is this is the only victim they can find although the house seems to have been built for an extended family. that happy to look at them only maybe the people who lived there already frayed perhaps during the 1st phase of the eruption on april 5th. this could mean that there were only a f

indonesia, that is what has constrained them from doing more.he reason is -- how do you manage providing growth support? i think that is the delicate balance that indonesia policymakers are having to deal with now. tan,e: thank you, deyi joining us on the phone. just want to bring you some live pictures out of beijing. the chinese government holding a news conference about international corporations when it comes to covid-19. we haven't seen any details so far, but perhaps china is going to be helping in this global fight. perhaps they are leading that charge against some type of coordinated response. we will bring you some updates once we do see it. we will bring you the latest. this is bloomberg. ♪ here's the latest business flash headlines. softbank has lashed out at moody's after having it debt lowered by not just, accusing the agency of being biased. moody's cut softbank just days after masayoshi son revealed a program designed to fund a massive share buyback. moody's singled out the scale of the plan at a time of severe market risk. netfli

credit growth in indonesia was in double digits.ted is there reason to perhaps worry about the health of banks in indonesia? fauzi: if you look at the banking system as a whole, it's relatively healthy. if you look at net interest margins, around 5%, one of the highest in asia. if you look at deposit ratio, 92%, quite prudent. having said that, credit growth you compare toif was growing which 12% and january this year is 6% loan to deposit ratio is improving, however, because of growth and ifedit the economic desperation continues, we can expect credit relatively low. haslinda: the question is where it goes from here. we have yet to see the end of pandemic. it will have an impact on banks in indonesia as well as the rest the region. fauzi: of course, of course. irtunately, the system, as said before, the equity base of system is relatively good. of course, if the world economy dips into massive deceleration the regional then economy will be affected and system will be affected. having said that, the indonesian system was recapitaliz

indonesia down. indonesia announcing tax breaks for 19 sectors. someenact import taxes on goods. are coming fast and furious. circuit breakers triggering left or right and center. losses seem to be mounting. in japan, the nikkei extending losses. kyoto reporting the government holding an emergency meeting on the stock exchange. the be ok discussing the need for a special meeting. more to come. this is bloomberg. ♪ haslinda: friday the 13th. not looking good. the sti down 11%. in the middle of the trading day, so far this week, the sti down 15%. there is a beneficiary. the exchange is benefiting from the frenzied buying and selling of assets. the sti down i more than 5%. let's get to the first word headlines in new york. reservesore made tap to alleviate the crisis if virus cases spike. --eady allocated the last time the government tapped reserves was in january 2009 in the financial crisis --eatened recession kid threatened recession. irene says the virus outbreak could be part of a biological attack. the ayatollah is calling on armed forces to lead the fight on the disease. the

indonesia exports thousands of kilograms of south sea poles one of the world's most expensive types ofcoal the aim is to increase the export value with the same production rate by using sustainable methods to improve the quality of the gemstone house oysters are sensitive animals changes in temperature can create imperfect less valuable pearls . he charts or so list you know has been in the poll industry for 3 decades he says climate change makes poll farming more challenging. but again a hatchery if the temperature changes by just a single degree you can cause massive death it's the same in the sea so the temperature here is absolutely important to the survival of the oysters it means what happens out at sea is only half the picture and what happens in the lab is equally important in this hatchery the team carefully checks the development of oyster larvae and ensures the adult oysters are ready for breeding by keeping them healthy. this male oyster is ready to mate and displaying its fertility commercial brands have their own labs and processes but sustainability and quality over quan

troops will go ahead now indonesia is one of the world's largest exporters of perth's accounting for almost half of the global supply but oyster farmers are warning their line of work is in jeopardy jessica washington reports from the indonesian island of bali. the waters are calm here on bali's east coast the ideal conditions for something special to grow beneath the surface. this is one of bali's pole farms a community initiative to help the pole industry survive environmental challenges years of rapid growth have depleted wild pull oyster populations so. at this time the oysters have been exploited through overfishing so we need to come into this area to protect the environment. this is a more controlled approach growing quality brood stock oysters and selling their seeds at a low price to fishing communities to minimize reliance on wild oysters the team here is checking on the health of the oysters and checking their gender as well and this is just one step in a very long process but ultimately this is all about stopping overfishing and making indonesia's whole industry more sust

indonesia is a good market -- indonesia is a good example. give us anere to assessment on where we are. up by over 3%ng this morning. we are seeing the biggest drag on the index so far. a third day of losses for the index. here in the city. take a look at the moves in shanghai. the index is off by 3%. drop of as much as 4% by the hang seng index. the king dollar raining this morning. the offshore yuan is finding its footing. trading below seven. the rupee has recovered from a record low that it hit further -- that it hit earlier. this is -- this as japanese officials tried to calm markets. the bounce back we saw earlier -- s&p.y stocks a similar theme across the region when it comes to the circuit breakers being met. the nikkei up above 17,000. checking in on jgb. it is up four basis points. -- thereond futures were hopes that the bank would come through with emergency rate cuts. 10 year yield earlier rallied about nine basis points. >> what a way to end the week. deeper into the markets with mark cranfield. thought -- we were in the quantity

a dangerous combination to help workers in indonesia treating patients without proper protective gear. more cases of krajina virus have now been confirmed in the u.s. than anywhere else in the world but against the advice of many is medical experts president donald trump says he is committed to getting people back to work as soon as possible that's a record 3300000 registered as unemployed in just the past week more. the number of confirmed cases of covert 19 in the us now tops 83000 more than have been recorded in china or italy more than 1100 people here have died from the corona virus with no vaccine and no proven drug treatment the country's top medical experts say social restrictions are the only way to curb the rate of infection whenever you put the clamps down and shut things down you do it for 2 reasons you do it to prevent the further spread just because of medication but he also do with the buy yourself time to get better prepared for what might be a rebound. in new york which has been hardest hit by the outbreak hospitals are becoming overwhelmed with worse predicted to com

a larger than just event in indonesia has been canceled off to authorities urged organizers to stop it from going 1 ahead because of the break despite this thousands of people have been gathering near the venue jessica washington is following developments from indonesia's capital jakarta. local authorities never gave permission for this event to go ahead but regardless we know that at least $8000.00 people showed up in south sulawesi not just indonesians but many from countries abroad including the philippines thailand and even brunei and timor leste state what we know is that this event never had permission to go ahead we did see some scenes overnight of people crowding into this shed tent space it's incredibly dangerous event and really did put people at risk and authorities never gave permission for this event to go ahead we know now that they have finally convinced the organizers to call it off but it may be true late people have already gathered there are thousands there who will now make the journey back home the military will a school them to make sure that that process is as or

indonesia is one of the world's largest coal exports yes but declining water quality is proving a challenge i'm just to washington in valley where local farmers and harvest is a working out a sustainable approach to revive the industry that story coming out. into the program the chinese province where the corona virus outbreak began is to lift many travel restrictions just as the rest of the world is introducing more drastic measures who pay a region of more than $60000000.00 people has been under lockdown since late january when the government shut down roads railways and ports people will soon be allowed to leave once they get a tracking code confirming their virus free the one exception is the city of the worst affected area which will see travel restrictions lifted on april the 8th as we talk of spondon katrina you joins me now from beijing so the chinese announced that restrictions are about to be lifted at the epicenter of the outbreak but what does that mean in reality for the people across who bay and more precisely for those in. that's right so from midnight tonight people in who t

reporter: this is indonesia's biggest mosque.t can accommodate more than 10,000 worshipers and it is an icon for the nation's believers. but in the times of the novel coronavirus, it is a threat to public health, which is why they are distant that in this and other mosques, under the watchful eye of the indonesian president. >> we have rolled up and removed all the carpets, because they are a potential source of disease, and we are spraying disinfectant. reporter: singapore is going a step further, closing all mosques in the city state for at least five days. disinfection crews are becoming a common sight from seoul to tokyo to manila. the philippine capital is now facing a month-long lockdown after president rodrigo duterte issued an order to suspend all domestic travel. it has left many worried about food supplies. >> they said there would be a lockdown, and we are skied we will not be able to buy food and go on to get reporter: the philippine government has sought to reassure citizens and cautioned against panic buying. >> we

hong kong as well a lot of that money going to directly to the people as well as local businesses indonesia 2nd expenditure is supposed to prop up trade with easing some of the import export rules because the 1st expenditure is already going to prop up consumer spending and tourism as well and speaking of tourism actually highlight and believe that's exactly what these 2 countries are going to do with their money what sort of action is being taken here in europe ali. so far no action by the e.c.b. it's only promised by way of a statement from the president christine legarde targeted and appropriate action there's a meeting of the e.c.b. next week i don't know if they feel themselves under pressure with the fed now but we hear that what the e.c.b. is considering is not a broad stroke rate cut like the feds but rather targeted. help for small and medium sized companies that say similar to korea it sounds like who are in trouble and that in my mind it would make sense to wait a little bit more as the coronavirus plays out in order to find those who really need that help only what do you reckon