Jakarta. Tech giant Google and Singaporean wealth fund Temasek have updated their projection for Indonesia’s internet economy to reach $133 billion in total value by 2025, 33 percent higher than previously estimated. Expansion of e-commerce to smaller cities and rural areas and growing adoption of digital payment services will drive most of the growth. The figure was mentioned in a report titled “e-Conomy SEA 2019: […]
Read MoreUS and Myanmar partners celebrated achievements in Myanmar’s coffee and other agriculture sectors in Yangon Tuesday at an event marking the end of the US Agency for International Development (USAID) Value Chains for Rural Development project, under which USAID invested $27 million from 2014-2019. Over the past five years, US-funded agriculture programs have helped some […]
Read MoreThe Hanoitimes – Trade readiness improvements and economic dynamism are driving Vietnam’s trade growth potential. Vietnam shows the strongest progress in trade growth potential in ASEAN, driven by improvements to its trade readiness and economic dynamism, according to Standard Chartered’s newly published research Trade20 Index. The country owes its improving strength in trade readiness to […]
Read MoreTHE middle-income trap has become a concept deployed frequently in conversations among policymakers and academics in East Asia. The term is used by those trying to understand failed industrial upgrading in the region, which has occurred against a backdrop of prolonged economic slowdown in ASEAN middle-income countries. These bleak economic developments can be traced to a trend […]
Read MoreSingapore and Indonesia will renew a US$10 billion (S$13.8 billion) currency pact, which will help support monetary and financial stability in the region. Both countries will continue to have access to each other’s currency as well as United States dollars to settle trades or defend their currency in times of financial stress. This was announced […]
Read MoreThe IMF forecasts Thailand’s GDP growth to slow to 2.9% this year before improving marginally to 3% in 2020, while the Economic Intelligence Center (EIC) under Siam Commercial Bank (SCB) sees growth of 2.8% for this year and next. The IMF’s view is in response to external and domestic headwinds, the global lender said in […]
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