TEMPO.CO, Jakarta – Bank Indonesia Governor Agus Martowardojo estimates that Indonesia`s balance of payments (NPI) in 2017 stands at around seven billion US dollars. The former finance minister explained that the figure is lower compared to last year’s surplus of 12 billion US dollars. A 12 billion US dollars surplus in 2016 was possible thanks to the […]
Read MoreTEMPO.CO, Jakarta – The electric car industry in Indonesia has not developed as it is mainly hampered by the high tax rate. According to I Gusti Putu Suryawirawan, Director General of metal industry, engineering, transportation, and electronics at the Industry Ministry, most electric vehicles are designed to be powered by four wheels. Indonesia charges taxes for four-wheel […]
Read MoreMajor structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]
Read MoreThailand has officially revised up its 2017 export growth target to 7% from a previous forecast of 5% after witnessing strong growth over the last few months, says Deputy Prime Minister Somkid Jatusripitak. “I think what we have done over the past several months is satisfying,” he said, adding that he agreed with the Commerce […]
Read MoreMost emerging Asian currencies slipped on Tuesday after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. North Korea has conducted dozens of ballistic missile tests under young leader Kim Jong-Un, but firing projectiles over mainland Japan is its first since 2009. North Korea had threatened earlier […]
Read MoreThailand has seen an explosion of internet shopping in recent years as consumers become more tech savvy. And if that’s anything to go by, e-commerce in Southeast Asia is taking off as well. Online retail sales in Thailand of everything from washing machines and televisions to fish sauce are growing more than 100%, far outpacing […]
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