TEMPO.CO, Jakarta – The Governor of Bank Indonesia (BI) Agus Martowardojo predicts that the second quarter of 2017 (April-June) will see slower economic growth due to the shift in government and consumer spending realization to the third quarter. Consumer spending has not increased as expected because Eid bonuses are paid in the third quarter. “Moreover, government spending is also […]
Read MoreThe World Bank says Cambodia along with Laos and Myanmar are the fastest growing economies in East Asia. Ellen Goldstein, the newly appointed World Bank director for Myanmar, Cambodia and Laos, said the bank was keeping up its support for the growth of the countries. She committed the bank to enhanced collaboration with the governments […]
Read MoreIn the second half of the last fiscal year, from October 2016 to March 2017, receipts from taxes on oil and natural gas extraction and income taxes were lower than expected. However, taxes on special goods and commercial tax including taxes collected from telecom operators was much higher than expected, totalling about K203 billion. The […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast slightly to 3.5% from 3.4% earlier predicted after revising up export growth to 5%, but kept the policy rate unchanged at 1.5%. The rate-setting committee lifted its Thai economic growth outlook due to robust exports, said Jaturong Jantarangs, assistant governor of […]
Read MoreHANOI — Vietnamese mobile service operators are racing to reduce the charges for roaming services after the Ministry of Information and Communications allowed mobile operators to negotiate with foreign partners about international roaming services since June 1. Military-run telecom group Viettel announced that all its pre-paid and post-paid subscribers would be offered preferential international data […]
Read MoreKUALA LUMPUR: Malaysia’s economic outlook has improved. But the Socio-economic Research Centre (SERC) says it remains cautiously optimistic on the country’s growth prospects amid the current unpredictable global economic, financial and political landscape. The independent research institution yesterday raised its 2017 gross domestic product (GDP) growth projection to 5% from the initial estimate of 4.6% […]
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