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Indonesia: Minister Predicts 2017 Inflation at 4 Percent

TEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution predicted that the inflation rate will reach four percent by the end of 2017. However, he said that the government will attempt to suppress it below four percent. “I expect it will be 4 percent. But we will do our best to keep it lower,” said Minister Darmin on Tuesday, August 1. In July 2017, the Central Statistics Agency (BPS) recorded that the consumer price index experienced […]

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What does Industry 4.0 hold for Vietnam?

HCM CITY – The Fourth Industrial Revolution will create great challenges but also opportunities for Vietnam to take off, a seminar heard in HCM City on Sunday. Speaking at the seminar titled “Effects of the Fourth Industrial Revolution on Socio-Economic Development,” Tong Viet Trung, deputy general director of Viettel Group, said: “[It] will usher in smart […]

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Indonesia: Minister Darmin Wants Special Economic Zones to Operate This Year

TEMPO.CO, Jakarta – The Coordinating Minister for Economic Affairs Darmin Nasution said that he expects all special economic zones (SEZ) to operate this year. The government is currently developing SEZs in 11 regions: seven manufacturing economic zones and four tourism economic zones. “Mandalika SEZ will hopefully be inaugurated this month, followed by Palu SEZ,” Darmin said yesterday, August 1, at […]

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Bottles of Coca-Cola are pictured on a newly inaugurated production line at the Cikedokan Plant in Bekasi, West Java near Jakarta March 31, 2015. The Coca-Cola company inaugurated two new production lines as part of an investment package worth some $500 million to accelerate growth in the Indonesian market. REUTERS/Darren Whiteside - RTR4VLWF
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Cambodia – Minister: The country must fend for itself

Cambodia needs to support its own development and can expect a cutback in grants, soft loans and highly favourable trade privileges as it graduates from a low-income country to lower-middle income nation, according to Commerce Minister Pan Sorasak yesterday. “We will have issues when the country moves up the income ladder and because of that […]

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Malaysia: Business confidence on the uptick

KUALA LUMPUR: RHB Research Institute says in its latest economic update that it expects private investment to grow at an increased pace of 7.7% year-on-year (Y-o-Y) in 2017, from 4.3% last year, underpinned by ongoing construction of infrastructure projects and a pickup in exports. This comes following an increase in the Malaysian Institute of Economic […]

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