Economy

Indonesia will play an important role in the economic integration of the Asia Pacific region and promote regional economic recovery by openness to investment and advanced industries. As ASEAN’s largest economy with strong growth prospects in the long term, Indonesia will become the base of global economic growth. The strategic role of Indonesia and its openness to foreign investment will …

KUALA LUMPUR – According to Trade Minister Azmin Ali, Malaysia’s economic rebound will likely be more U-shaped than V, dampened by renewed restrictions in the wake of a revival of coronavirus infections.In an interview with Bloomberg TV, the government tries to root out the virus without damaging industries by bringing back a national lockout, Datuk Seri Azmin said Still, he …

The Philippine economy shrank more than what was expected annually in the third quarter due to the COVID-19 pandemic, based on the official data showed last Tuesday. This fallout eased after the government gradually lifted coronavirus restrictions. The country’s economy fell into its first recession in nearly 30 years in the April-June period, when the Philippines imposed one of the …

KUALA LUMPUR – The Budget 2021 tabled last week did not sidelined Sarawak, rather helped the state to become developed by year 2030. According to Datuk Seri Rohani Abdul Karim (GPS-Batang Lupar), The state were able to received a large portion of indirect allocation announced by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Part of the allocation being …

For President Joko Widodo (Jokowi), the Job Creation Law would usher in systemic reform of MSMEs to streamline the way their enterprises are managed. The government emphasized that they continued to pursue structural reforms over the past six years to improve the ease of doing business for MSMEs, including through the Job Creation Law. The president remarked that the Job …

In the quarter II-2020, Indonesia’s economic growth contracted or -5.32% compared to the previous quarter II-2019 (year on year). Meanwhile, the Central Statistics Agency (BPS) reports quarterly or from the first quarter of 2020 to the second quarter of 2020, Indonesia’s economy contracted -4.19% (QtQ). Although Indonesia’s economic growth is experiencing a minus, according to Finance Minister Sri Mulyani Indrawati, …

The World Bank has raised the status of Indonesia from a middle-income country to an upper-middle income country. The increase in status was granted after based on the latest World Bank assessment, the Gross National Income (GNI) per capita of Indonesia in 2019 rose to USD4,050 from the previous position of USD3,840. Rahayu Puspasari, Head of the Ministry of Finance’s …

Laos is pushing ahead with the Luang Prabang dam hydropower project on the Mekong River, despite reservations aired by neighbouring countries. Especially over its potential to harm fisheries and farming downstream, the Mekong River Commission (MRC) said on Wednesday. The 1,400-megawatt (MW) Luang Prabang project will be Laos’s third and largest dam on the river, with construction originally set to …

All nightlife venues in Thailand, bars and entertainment venues, including wet massage parlous, will open their doors again on Wednesday. While some foreigners will be allowed into Thailand, but not tourists. The reopening of nightlife venues comes as virus lockdown restrictions are further eased in Thailand. According to the media,  the Centre for Covid-19 Situation Administration (CCSA) on Monday gave …

The Government of Prayut Chan-o-cha in Thailand has said it will lift the night curfew, imposed nationwide effective on June 15. In line with the fourth round of easing business restrictions the Center for Covid-19 Situation Administration (CCSA) reported. Restrictions on travelling in and out of Thailand remain in place, CCSA spokesman, Dr. Taweesin Visanuyothin said. The government would maintain controls on …