The government is preparing Rp 75 trillion (US$5.1 billion) in capital for the nation’s sovereign wealth fund to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join. Finance Minister Sri Mulyani Indrawati said Rp 30 trillion of the capital would be […]
Read MoreThe government is encouraging the middle-income segment to spend more through online shopping platforms to help improve spending amid the economic downturn resulting from the COVID-19 pandemic. National economic recovery committee head Budi Gunadi Sadikin called on middle-income families to shop on their e-commerce platform of choice to help ensure a stable economy. “To friends […]
Read MoreIndonesia’s foreign exchange (forex) reserves dropped by US$1.8 billion in September to $135.2 billion, mainly due to the government’s foreign debt payments and the central bank’s efforts to stabilize the rupiah, Bank Indonesia (BI) announced on Wednesday. The current reserves level is estimated to be sufficient to support 9.1 months of imports and payment of […]
Read MoreIndonesia’s state miner Mining Industry Indonesia (MIND ID), formerly known as PT Inalum, completed its purchase of a 20 percent stake in nickel miner PT Vale Indonesia, the country’s state- owned enterprises ministry said on Thursday. MIND ID bought the 20 percent stake at Rp 2,780 per share, totaling to Rp 5.52 trillion (US$375.77 million), […]
Read MoreNational flag carrier Garuda Indonesia is expanding its cargo routes by launching a weekly flight from South Sulawesi’s capital of Makassar to Singapore with hopes of boosting exports from the eastern part of Indonesia. The Makassar-Singapore route opened on Monday and will fly once a week using an Airbus A330-300 with a maximum cargo capacity […]
Read MoreCashless payment platforms can offer additional facilities to help small and medium enterprises (SMEs) to go digital, amid the rising use of cashless payments during the COVID-19 outbreak, management consulting firm McKinsey has stated. “In helping SMEs to digitalize, payment services can offer value-added services such as loyalty programs, digital marketing and payroll processing,” Reet […]
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Thailand
