The military government can look to 2017 for the economy’s best performance in five years, but the strength of the recovery is expected to wane. Gross domestic product probably increased 3.8% last year, the fastest pace since 2012, before easing to 3.7% this year and to 3.6% in 2019, according to a Bloomberg survey. Once […]
Read MoreSINGAPORE: Singapore’s economy expanded 3.5% last year, in line with expectations, the Ministry of Trade and Industry said Tuesday. Last November, the ministry forecast growth of 3 to 3.5% for gross domestic product, upgrading an earlier forecast of 2 to 3%, after a stronger showing in the key electronics sector. The economy had grown by […]
Read MoreIndonesia’s Central Bureau of Statistics said Tuesday that the country’s inflation rate for the year 2017 stood at 3.61%, up slightly from the previous two years but still below the target. The inflation rate was 3.35% in 2015 and 3.02% the following year, which was the lowest figure in five years. Last year’s inflation rate, […]
Read MoreSINGAPORE: Singapore’s economy grew at a faster pace than economists estimated in the fourth quarter of 2017, boosted by services such as finance and insurance. Gross domestic product rose at a seasonally adjusted and annualized rate of 2.8 percent from the previous three months, according to preliminary figures from the trade ministry on Tuesday. The […]
Read MoreThe government has once again extended the temporary permit of miner PT Freeport Indonesia (PTFI) until June 30, indicating that both parties were unable to settle their dispute before the Jan. 10 deadline. The current administration has been involved in intense negotiations with PTFI, a subsidiary of American mining giant Freeport-McMoRan, since early 2017 over […]
Read MoreThe Energy and Mineral Resources Ministry recorded a significant annual increase of 61.45 percent in non-tax state revenue (PNBP) to Rp 129.07 trillion (US$9.53 billion) throughout 2017, which accounted for 49.6 percent of the national PNBP figure for the year. “This achievement shows that the energy and mineral resources sector, besides its role of ensuring […]
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Thailand
