TEMPO.CO, Surabaya – Vice President Jusuf Kalla said that the growth of Islamic economy in Indonesia is still several steps behind compared to Malaysia. “Malaysia’s Islamic economy has gone through a 22 percent growth, meanwhile, Indonesia’s is still at 5 percent,” said Jusuf Kalla during the 2017 Indonesia Sharia Economic Festival (ISEF) in Surabaya, on Thursday, November 9. The Vice President stated […]
Read MoreThe Myanmar Fuel Oil Importers and Distributers Association will submit the parliamentary proposal urging the government to raise the Special Commodities Tax on fuel imports, U Win Myint, secretary of the association, told The Myanmar Times. The move comes after a spike in local fuel consumption and imports. For the first six months of the current fiscal […]
Read MorePETALING JAYA: Bank Negara gave its strongest signal yet that the benchmark overnight policy rate (OPR) may be raised following a meeting of policymakers yesterday. Although the OPR was maintained at 3%, the central bank said policymakers may consider reviewing the current degree of monetary accommodation, given the strength of the global and domestic macroeconomic […]
Read MoreThe Lao PDR must look for new drivers of growth by diversifying exports, maintaining macroeconomic stability, and providing good nonagricultural jobs to achieve sustained and inclusive growth, suggests a new study by the Asian Development Bank (ADB). The study was released at the executive macroeconomic working group meeting between the government and development partners in […]
Read MoreMALAYSIA and Hong Kong are set to develop even stronger trade ties as Hong Kong will soon ink a Free Trade Agreement with Asean. At the launch of the Hong Kong Trade Development Council’s (HKTDC) mega promotion event, “In Style Hong Kong”, its chairman Vincent H.S. Lo said the pact would increase the significance of […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) kept interest rates unchanged yesterday, but raised the inflation forecast for 2018 amid rising oil prices, higher liquidity in the financial system and the weak peso. BSP Governor Nestor Espenilla Jr. said the Monetary Board retained the interest rate on the overnight reverse repurchase facility at […]
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Thailand
