TEMPO.CO, Jakarta – The Asian Development Bank (ADB) predicted that the Indonesian economy would grow by 5.1 percent this year and 5.3 percent in 2018. The ADB also projected that asset investments and exports would remain the driving force of the economic growth. Winfred Wicklein, ADB country director in Indonesia, said that the Indonesian economy would remain solid despite […]
Read MoreTEMPO.CO, Jakarta – Transportation Minister Budi Karya Sumadi revealed that the ministry is currently offering 12 strategic infrastructure projects in a meeting with nine countries. The countries include Japan, China, Poland, Hungary, South Korea, Malaysia, Philippines, and Singapore. “I will offer these investments at the bilateral meeting,” said Budi during the Fourth Asia-Europe Meeting (ASEM) in Nusa Dua, Bali, […]
Read MoreThe central bank is expected to keep its benchmark interest rate unchanged near record lows on Wednesday, despite calls for a cut to contain the strength of the baht. The Bank of Thailand (BoT) has said monetary policy still supports the country’s economic recovery. Though inflation has remained weak, high household debt is limiting its […]
Read MoreHANOI — Minister of Industry and Trade Tran Tuan Anh has promulgated decision to conduct inspections at three loss-making projects under their management. They include Lao Cai DAP 2 Fertiliser Plant, a subsidiary of Vietnam National Chemical Group (Vinachem), Phuong Nam Pulp Mill, a subsidiary of the Vietnam Paper Corporation (Vinapaco), and Dung Quat Shipbuilding […]
Read MoreTEMPO.CO, Jakarta – A survey conducted by Mastercard Indonesia shows that 58.5 percent of smartphone users have actively used their mobile phones for online shopping over the last three months. The figure was based on the 2017 Mastercard Mobile Shopping study. “The growth of online shopping soared along with the increasing smartphone usage in Indonesia,” said Mastercard […]
Read MoreThe Finance Ministry has urged the Bank of Thailand to slash the policy rate by 50 basis points to help stimulate the economy and curb speculative inflows. Fiscal Policy Office deputy director-general Warotai Kosolpistkul said the ministry’s think tank also asked the central bank to abandon inflation-targeting as its monetary policy framework amid low inflation. […]
Read More
Thailand
