indo06
Read More

Bank Indonesia replaces overnight JIBOR with IndONIA

Bank Indonesia has replaced the overnight Jakarta Interbank Offered Rate (JIBOR) with the new, market-based Indonesia Overnight Index Average (IndONIA), it announced on Wednesday during a press conference in Jakarta.. BI financial market development director Yoga Affandi explained that the JIBOR was based on the average loan rate quotations that 24 contributing banks sent in the morning and […]

Read More
2866858_620x413
Read More

Thailand: Association predicts flat Q3

Thailand’s retail industry is expected to edge up this year, but the growth rate will remain far behind overall economic growth.  According to Jariya Chirathivat, president of the Thai Retailers Association (TRA), the retail industry will still stay flat in the third quarter of this year and gradually improve in the fourth quarter, which is the […]

Read More
indo04
Read More

Indonesia to make biodiesel use compulsory from Sept 1

JAKARTA: Indonesia aims to make the use of biodiesel blended fuels compulsory for all vehicles and heavy machinery from Sept. 1, Renewable Energy Director General Rida Mulyana said on Wednesday, amid efforts to reduce the current account deficit in Southeast Asia’s biggest economy. President Joko Widodo in a cabinet meeting a day earlier said he […]

Read More
mm01
Read More

Myanmar: E-commerce sector under govt scrutiny for tax purposes

Government departments are rushing to manage and regulate e-commerce for tax purposes, according to the Ministry of Commerce (MOC) and Internal Revenue Department (IRD). Currently, e-commerce businesses mostly use Facebook to promote or trade products. Meanwhile, other online platforms created specifically for online shopping are growing quickly in the local market, according to the Myanmar […]

Read More
indo03
Read More

Indonesia: July Inflation recorded at 0.28 percent

The Central Statistics Agency (BPS) announced on Wednesday that the July inflation rate stood at 0.28 percent, safely within the 2018 state budget projection. The figure brings the year-to-date (ytd) inflation to 2.18 percent and 3.18 percent year-on-year (yoy). July inflation was slightly higher than the inflation figure in the same month last year, which […]

Read More