TEMPO.CO, Jakarta – Economic observer from the Institute for Development of Economics and Finance (Indef) said that a price hike for non subsidized fuels will push up February’s inflation by 0.25 to 0.3 percent, month-on-month. “(A fuel hike) will automatically push up administered prices, and the effect will also reach transportation (costs) as a component of inflation,” […]
Read MoreTEMPO.CO, Jakarta – The Jakarta inter-bank spot dollar rate (JISBOR) showed the rupiahweakening by 35 bps to trade for 13,791 per US dollar on Thursday morning. Binaartha Sekuritas analyst Reza Priyambada said here today that the US dollar is gaining power against most Asian currencies–including the rupiah–following The Fed’s hawkish stance. “The market responds to Fed’s ‘hawkish’ statement […]
Read MoreTEMPO.CO, Jakarta – Jakarta Research and Public Policy (JRPP) supported Jakarta Government to affirm the regulation of illegal minimarket in Jakarta. JRPP executive director Muhamad Alipudin said unregistered minimarket inflicts financial lose to Jakarta government on potential tax. “We support Jakarta government to regulate all minimarkets in order,” said Alipudin, Thursday, February 28. Based on the Regional Regulation (Perda), No. […]
Read MoreMANILA, Philippines — The Philippines is no longer the “sick man” of Asia having experienced rapid economic growth over the past six years, but the country needs to boost the competitiveness of the export sector, according to British banking giant HSBC. In a research note, HSBC economist Noelan Arbis said the Philippines has outperformed its […]
Read MoreThe Indonesian government is planning to inform Vietnam about a change in the vehicle type approval (VTA) certificate in an effort to reopen Indonesian automotive exports to the country. “With the VTA adjustment, Indonesian automotive exports are expected to return to the country,” Trade Ministry international trade director general Oke Nuwan said in a statement […]
Read MoreMANILA, Philippines — The Duterte administration’s new tax law continued to weigh on the country’s manufacturing sector, which further slowed down in February, according to monthly tracking done by IHS Markit for Nikkei, Inc. The seasonally adjusted Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) slipped to 50.8 last month from 51.7 in January. A reading […]
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Thailand
