JAKARTA: Indonesia will launch its own sovereign wealth fund in January next year as the government seeks to attract more investment and support the economy amid the coronavirus pandemic. Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo said the government would soon establish the fund to handle government investments. The establishment of the sovereign wealth fund, […]
Read MoreThe result of the first Covid-19 test on arrival for 39 Chinese tourists who travelled using the special tourist visa reported no positive cases. Another two groups from China are scheduled to arrive on Oct 26 and Oct 28, while Scandinavian travellers queue up for November, said Phiphat Ratchakitprakarn, the tourism and sports minister. He […]
Read MoreKUALA LUMPUR: The Business Conditions Index (BCI) posted a modest recovery of 25.3 points in the third quarter (Q3) of 2020, settling at 86.3 points compared with a major drop of 22.0 points in Q2, indicating a boost in manufacturers’ confidence level. According to the Malaysian Institute of Economic Research’s (MIER) business conditions survey report, […]
Read MoreMANILA, Philippines — The country’s nickel miners expect prices to remain favorable until 2021 despite the coronavirus pandemic. “Hopefully, prices will continue to be good in 2021. The best news now is all economies in the world are reacting to China’s third quarter GDP (gross domestic product),” Philippine Nickel Industry Association board member Isidro Alcantara […]
Read MoreThe Hanoitimes – Vietnam was among a handful of economies that has brought the spread of Covid-19 under control early on. Amid a generalized downtrend in the third quarter, Vietnam posted the highest trade growth globally during the period at 10.9% year-on-year, according to the United Nations Conference on Trade and Development (UNCTAD)’s new Global Trade […]
Read MoreIndonesia needs broad-based tax reform to boost its revenue in the long run so that the country can minimize the impact of spending adjustments and fund its development projects, the International Monetary Fund (IMF) has said. Although the country has established a digital tax as a new income source, the additional revenue is likely to […]
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Thailand
