The government needs to ramp up research and development (R&D) and develop human resources in the manufacturing industry, the business sector contributing the most to gross domestic product (GDP), to support the country’s economic recovery, experts have stated. “The government must take a more active role in spearheading R&D to facilitate job creation and attract […]
Read More[JAKARTA] Indonesia’s lenders are pushing back against central bank pressure to further lower interest rates for their customers, a step policymakers believe can help pull the economy out of recession. The banks say the real problem is that people don’t want to borrow in the first place. Loans shrank in October for the first time […]
Read MoreThe government is ramping up sugar production and working to attract more investment in the industry to prevent a shortage of the commodity and price hikes in 2021 as the country seeks to recover from the pandemic downturn. The Agriculture Ministry is preparing to work on intensification of 200,000 hectares of land on Java island […]
Read MoreThe Public Works and Housing Ministry is conducting an early bidding process for thousands of projects for next year, as it strives to ramp up state spending to support economic recovery and boost the construction industry, which has been affected by the health crisis. Public Works and Housing Ministry Construction Director General Trisasongko Widianto said […]
Read MoreIndonesia has collected Rp 297 billion (US$20.9 million) from 22 digital technology companies under the new digital tax, the Finance Ministry’s Taxation Directorate General said Monday. The tax office has appointed dozens of technology companies and e-commerce platforms to be value-added tax (VAT) collectors in its efforts to tax digital business activity in the country. […]
Read MoreIndonesia’s economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise further as economic activity will remain sluggish. Indonesia’s gross domestic product (GDP) may grow 3 percent next year, driven by a gradual improvement in household spending and loan growth as well […]
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Thailand
