JAKARTA: Over the past couple of decades, Indonesian companies have developed a tried and tested strategy to cope with the periodic plunges in the rupiah: retain dollars to protect their profits. But their behaviour can add to downward pressure on the currency, exacerbating problems for policymakers in southeast Asia’s biggest economy, especially given its relatively […]
Read MoreThe government has granted tax incentives to 64 companies since a revised regulation on fiscal incentives was issued in April, an official has said. “Sixty-four companies have got tax allowances. More investors have submitted documents,” said the head of the Industry Ministry’s Industrial Research and Development Agency, Ngakan Timur Antara, in Jakarta on Thursday as […]
Read MoreCRYPTOCURRENCIES will be future trading subjects or commodities at Indonesia’s bourse, even though the Bank Indonesia (BI) does not recognise such currencies as payment instruments, the Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) has decided. “The Bappebti head has signed a decree to make cryptocurrency a commodity that could be traded at the bourse,” said […]
Read MoreInflation was recorded at 0.21 percent in May, higher than 0.1 percent recorded in the previous month, the Central Statistics Agency (BPS) announced on Monday. The latest figure brought year-to-date (ytd) inflation at 1.3 percent. Meanwhile, year-on-year (yoy) inflation was recorded at 3.23 percent in May, lower than 4.33 percent and 3.33 percent recorded over […]
Read MoreMANILA, Philippines — Jakarta-based Bank Mandiri has expressed interest to put up a branch in the Philippines four years after the country’s banking industry was fully opened up to foreign banks almost four years ago. Representatives of the largest state-owned Indonesian bank recently met with Finance Secretary, and Monetary Board member, Carlos Dominguez III as […]
Read MoreThe consumer confidence index (CCI) rose 1 percent to 99.5, from 98.5 in May, after declining by 2.2 percent in April, according to Danareksa Research Institute’s (DRI) survey. “Our latest survey reveals that consumers gave more positive assessments on current economic conditions and the state of the job market,” said DRI in a press statement […]
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Thailand
