JAKARTA: Indonesia’s economy, the largest in South-East Asia, hit a milestone last year by reaching US$1 trillion, yet the mood wasn’t celebratory as the government continued to miss its revenue targets. Gross domestic product (GDP) was an estimated US$1.004 trillion in 2017, but economic growth was probably lower than the 5.2% initially projected, according to […]
Read MoreHeadline inflation could have eased anew in December, the Finance department said on Wednesday, given stable food prices and lower power rates. The rise in consumer prices slowed to 3.3 percent in November and the department said this likely moderated further to 3.2 percent as the year ended. The Bangko Sentral ng Pilipinas earlier issued […]
Read MoreAs Thailand climbs back onto the world stage, its foreign policy is likely to take on a more prominent role this year, when the kingdom celebrates 200 years of ties with the United States and Bangkok prepares to take over the chair of ASEAN in 2019. EU ministers agreed near the end of 2017 to resume […]
Read MoreAlmost 600 firms have experienced delays getting their businesses off the ground since 1988 despite having received permits from the Myanmar Investment Commission (MIC). Of the 2,723 local and foreign businesses permitted to operate in Myanmar between 1988 and 2017, a total of 581 have yet to start. As such, inspections will be conducted and […]
Read MoreThe Hanoitimes – Foreign press have run articles highlighting that the year of 2017 marked Vietnam’s rapid economic growth. In its recent article, Asian Correspondent said not only was Vietnam the top-performer in the region, but it ranked second behind India – the only country which achieved growth of over 7 percent in 2016 – in […]
Read MoreBENGALURU (REUTERS) – Asian currencies firmed on Tuesday (Jan 2), marking a strong start for the new year as sentiment was boosted by gains in the euro, while a weaker US dollar prompted further interest in Asia. The greenback saw its biggest annual drop in 2017 in more than a decade on doubts over the […]
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