The chairman of the House of Representatives Commission VII overseeing mining affairs, Gus Irawan Pasaribu, has called on the government to provide a subsidy for Pertamax gasoline, which is often used by luxury cars, following a price increase by state-owned energy company Pertamina. He argued that the price increase of the fuel, which had a research octane number (RON) of […]
Read MoreThe government is expecting the prices of the main contributors to non-tax revenue – oil and coal – to increase next year. Finance Ministry fiscal policy head Suahasil Nazara said in Jakarta on Monday that as of May, the government had earned Rp 145 trillion (US$10 billion) in non-tax revenue, 52 percent of this year’s total target of Rp […]
Read MoreFinance Minister Sri Mulyani Indrawati has said that the government is “playing the long game” to safeguard the country’s economy from external pressures, particularly from the United States Federal Reserve’s hawkish stance on its policy rate. Following a Federal Open Market Committee (FOMC) meeting on June 13, the Fed has taken a more aggressive stance, projecting two […]
Read MoreBank Indonesia’s (BI) decision last week to increase its reference rate by 50 basis points (bps) to 5.25 percent will negatively impact economic growth in the second half of 2018, a senior economist has said, although the central also introduced a relaxation policy on the loan to value (LTV) ratio in an attempt to booth the property sector. “The […]
Read MoreThe Central Statistics Agency (BPS) announced Monday that the inflation rate was recorded at 0.59 percent, which is considered a low rate, during the Ramadhan and Idul Fitri holiday season. The figure is higher than the 0.21 percent inflation recorded in May. Year-to-date inflation was recorded at 1.90 percent and year-on-year inflation at 3.12 percent. “This 3.12 percent […]
Read MoreIndonesia’s central bank on Friday raised interest rates for the third time in six weeks as it moves to shield the rupiah from a selloff in emerging market currencies. Bank Indonesia raised its key rate to 5.25 percent from 4.75 percent. The rupiah has slid more than five percent against the dollar this year to […]
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Thailand
