AMBON’S INVESTMENT IMPACT THROUGHOUT THE COVID-19 PANDEMIC

• Main Author: Graciano Hehuwat, Dennis
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/60948
• Institution: Institut Teknologi Bandung

The COVID-19 pandemic has resulted in the disruption of all aspects in society. It has sent waves of panic throughout the world, leaving no sector untouched, and incited an economic recession which will not be quickly overcome. The severity of this economic crisis is illustrated by a 3.3% fall in the global GDP in 2020. The devastating effects of the pandemic caused a decrease of 3.1 million people in the world population (Lee, 2021). More than three-quarters of the world have incepted lockdown policies as a result of the pandemic setting developing countries backwards due to the lack of resources in the form of labour, medical, infrastructure and many more as these resources are human's basic needs. Although certain industries such as technology and health insurance have benefitted from the pandemic, industries such as the airline sector, oil and gas, travel and leisure are struggling to adapt to the new conditions generated by the pandemic. The COVID-19 pandemic indisputably impacts all economic arenas. As such, this research paper aims to determine the impact of the COVID-19 pandemic on investment in Ambon The qualitative method was employed for this research in order to identify the actual conditions within Ambon, to assess the economic ramifications on Ambon in light of COVID-19. By interviewing 11 influential stakeholders in the Ambonese economy, different interpretations will be considered and a new theory will be developed in regards to the investment impact throughout the COVID-19 pandemic in Ambon. Ultimately, the rationale underpinning this research is to help Ambon realise its economic potential. This research will also shed light on the business sectors to optimise in the near future. This research will also provide insight for both the private and public sector in order to optimise their policies. Essentially, this research strives to prevent further adverse economic ramifications in Ambon.