Indonesia’s state budget deficit swelled in August on the back of falling state revenue collection and increased government spending aimed at stimulating an economy reeling from the coronavirus pandemic. The country’s fiscal deficit reached Rp 500.5 trillion (US$33.96 billion) as of August, or 3.05 percent of gross domestic product (GDP), driven by higher government and […]
Read MoreJAKARTA: Indonesia aims to complete the first phase of construction of a US$3 billion deep sea port on the northern coast of Java island by November, a senior minister said on Tuesday, after President Joko Widodo ordered an acceleration of the project. The 43.2 trillion rupiah ($2.92 billion) Patimban port in the town of Subang […]
Read MoreIndonesia’s economy is set to contract for the first time since the Asian financial crisis more than two decades ago as the country struggles to get virus cases under control. Gross domestic product is forecast to decline 0.6% to 1.7% this year, Finance Minister Sri Mulyani Indrawati said Tuesday at a briefing in Jakarta. The […]
Read MoreThe government will hold a three-week bootcamp for 30 selected startups that can provide services like supply chain and finance management for small and medium enterprises (SME) as it aims to increase digitalization among the small businesses. The course, called Pahlawan Digital (Digital Heroes), will begin on Wednesday. The Cooperatives and SME Ministry also partners […]
Read MoreJAKARTA: Finance Minister Sri Mulyani (pic) has said that the country’s economic recovery from the Covid-19 pandemic will depend on the fiscal stimulus package and on economic reforms brought about by the omnibus bills. While the government’s virus handling measures would remain a key determinant of economic activity, the minister said, the economy could recover […]
Read MoreConsumers are looking for affordability when purchasing cigarettes as the increase in the tobacco excise and the economic impacts of the COVID-19 pandemic have hit people’s purchasing power, according to publicly listed cigarette maker PT HM Sampoerna. Sampoerna president director Mindaugas Trumpaitis said consumers seemed to have a growing preference for products with higher tar […]
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Thailand
