JAKARTA (AFP) – Indonesia yesterday logged its first annual contraction since the 1998 Asian financial crisis, as the coronavirus pandemic slammed Southeast Asia’s biggest economy. The country’s gross domestic product fell 2.07 per cent in 2020 from a year earlier, the statistics agency said, with household spending, transportation and tourism among the hardest-hit sectors. Yesterday’s […]
Read MorePUTRAJAYA: Malaysia will discuss with Indonesia to formulate the best strategy to protect the oil palm industry of both countries in the near future, said Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali. (pic) He said this was in line with Prime Minister Tan Sri Muhyiddin Yassin’s call for the framework […]
Read More[SINGAPORE] Indonesia has received an investment proposal from US electric vehicle (EV) maker Tesla, the country’s deputy head for investment and mining coordination, Septian Hario Seto, told reporters on Friday. Indonesia is the world’s biggest nickel producer, a material crucial for EV batteries, and has been publicly wooing Tesla to invest in the country to […]
Read MoreThe Indonesian government is expecting to achieve 6.3 per cent annual growth in Indonesia’s non-oil and gas exports this year as trading partners have started rolling out coronavirus vaccines to re-emerge from the pandemic-induced economic downturn. Trade minister Muhamad Lutfi on January 29 said the growth target was based on the assumption that Indonesia’s economy […]
Read MoreJanuary inflation at 1.6% with demand pressures muted Price pressures remained subdued in early 2021 with demand pressures muted by the ongoing economic recession and January inflation settling at 1.6%, slightly below market expectations. Economic activity slowed further in January after a spate of natural calamities while a spike in Covid-19 infections forced the authorities […]
Read MoreThe United Nations has declared this year the International Year of Creative Economy for Sustainable Development. Indonesia, having sponsored the proposal and proposed the theme of “Inclusively Creative: A Global Recovery”, will lead the initiative to promote the creative economy, which is expected to become a new driver or prosperity. The creative economy is an […]
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Thailand
