President Joko “Jokowi” Widodo has decided to heed the call of businesspeople to maintain restriction on foreign investments in several sectors out of concern that liberalizing them may harm small and medium enterprises (SME), an official has said. Five business sectors, which were set to be freed from partnerships with local SMEs, would be maintained […]
Read MoreJAKARTA: Indonesia’s central bank raised interest rates six times this year, yet consumer lending rates are still falling in South-East Asia’s biggest economy. Between May and September, when Bank Indonesia raised its benchmark rate by 150 basis points, average rates for consumer loans fell by 44 basis points to 11.9%, according to the most recent […]
Read MoreThe government has issued a regulation on the expansion of the businesssectors that are eligible to apply for the tax holiday scheme, which is one of the three policies outlined in its latest economic policy package. The digital economy industry as well as manufacturing industry in agriculture, forestry or plantations are the two sectors eligible to […]
Read MoreWith the goal to protect consumers from the risks of digital gold transaction, the Indonesian supervisory body for futures commodity trade (Bappebti) is preparing a set of regulations that is due to be finalised by the end of the year. The scope of the regulations will include digital gold trade, particularly transactions that are being […]
Read MoreThe annual “e-Conomy Southeast Asia” study conducted by Google and Singapore’s state holding company Temasek found that Indonesia’s digital economy is poised to become the largest in Southeast Asia after its market volume will have almost quadrupled to $100 billion by 2025 from $27 billion in 2018. This will bring more jobs and more consumer choices […]
Read MoreThe government is considering requiring all coal miners to turn the raw commodity into dimethylether (DME) as a substitute for liquefied petroleum gas (LPG), as the country still imports 70 percent of its total LPG demand. Energy and Mineral Resources Minister Ignasius Jonan said on Thursday the coal gasification program would help reduce the country’s annual spending […]
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Thailand
