JAKARTA: The Regional Comprehensive Economic Partnership (RCEP) is expected to play a large role in promoting economic and trade relations between Indonesia and China, Indonesian experts said. “We’ve just fallen into recession and if RCEP is successful in improving economic relations, Indonesia will perhaps be able to climb out of recession through cooperation with China […]
Read MoreTransportation Minister Budi Karya Sumadi said Monday that the Japan-backed Patimban seaport is expected to be the logistic hub for goods shipped to and from eastern Indonesia to Java Island, complementing the busy Tanjung Priok Port in Jakarta. Tanjung Priok Port will then primarily handle shipments that are bound and coming from the western part […]
Read More[JAKARTA] Indonesia’s chief economic minister said on Wednesday he hoped Southeast Asia’s largest economy would continue to recover in the fourth quarter, forecasting gross domestic product would come in within a range of -1.6 per cent to 0.6 per cent on an annual basis. The economy shrank 5.32 per cent and 3.49 per cent in […]
Read MoreJAKARTA: Foreign debt has risen in the third quarter of the year, due to the government’s samurai bond issuances and borrowed funds from multilateral organisations to finance coronavirus relief packages and economic stimulus toward recovery, according to Bank Indonesia (BI) data. Indonesia’s external debt, which includes government and private-sector borrowings, reached US$408.5bil by the end […]
Read MoreJAKARTA: Indonesia’s new sovereign wealth fund will offer dedicated industry funds in a bid to drum up US$15bil investment and deepen access to global capital by South-East Asia’s biggest economy, Finance Minister Sri Mulyani Indrawati told Reuters. The structure, outlined in a briefing by top economic ministers last Friday, has been adopted to entice global […]
Read MoreThe Public Works and Housing Ministry is aiming to start the bidding process of nine toll road sections, with a combined length of 350 kilometers and combined investment of around Rp 142.5 trillion (US$10 billion), by year-end, a minister has said. Minister Basuki Hadimuljono on Sunday said the government aimed to expedite the toll road […]
Read More
Thailand
