“This is a form of government’s concern for low income people to have livable houses, and at the same time employ them as the workers in the house renovation,” the Public Works and Public Housing Minister Basuki Hadimuljono said in a statement here on Sunday.
The minister expressed hope for the program to improve people’s quality of life to live in a healthy and comfortable house suitable for living.
The program was run under the cash for work scheme, to reduce unemployment and improve people’s purchasing power.
The program was run in 449 districts/cities for house improvement and 151 district/cities for new house construction, with total budget of Rp4.68 trillion.
As of September realization of
Grupo Aval Looks Attractive Ahead Of An Earnings Recovery As It Absorbs Pandemic Impacts (NYSE:AVAL)
Mohamed El-Erian recently highlighted a perceived disconnect between emerging market stocks (EEM) and fundamentals on Twitter.
The rebounding emerging markets index is every bit as peculiar as the sharp rebound in domestic indices since the lows of earlier this year, which, despite not showing quite as impressive of a rebound as the S&P 500 (SPY), is astonishingly close to flat for 2020.
Looking deeper at performance in the United States reveals that, while a large swath of the stock market has showed a substantial recovery from the March lows, some parts have benefited more than others. The equal weight S&P 500, for instance, remains lower on the year, and the mid-cap and small-cap indices have performed substantially worse.
The performance of emerging markets also requires investors to look somewhat beneath the surface. Asian emerging markets, which dominate the index, have largely recovered, driven in