SINGAPORE: Indonesia’s market rout shows no signs of abating, with its two-year bonds the latest to be dumped in anticipation that the central bank may need to raise rates to defend its currency. The yield on the two-year debt soared 25 basis points to 6.63%, set for its highest close in 10 months as the […]
Read MoreJAKARTA: Indonesia’s economic growth pace in January-March fell slightly from the previous quarter, reflecting still-weak consumption and indicating the government may struggle to meet its 2018 growth target. The rupiah currency slipped to its weakest level since January 2016, at mid-afternoon trading at 13,980 to the dollar. The tepid growth rate could put the central […]
Read MoreDigitalization will disrupt the Indonesian economy, albeit for a short period of time and before Southeast Asia’s largest economy can enjoy its benefits, according to United States-based investment bank Morgan Stanley. Sean Gardiner, head of the bank’s ASEAN Equity Research, said on Monday that the market would likely see a disruption in the return on […]
Read MoreIndonesian entrepreneurs held discussions with their Lao counterparts seeking business matching opportunities as part of a business forum and seminar in Vientiane on Monday. The Indonesian Embassy to Laos in cooperation with the Ministry of Planning and Investment yesterday organised the event which aimed to increase economic cooperation and foster business relationships between the two […]
Read MoreMANILA, Philippines — Indonesia-based ridesharing company Go-Jek is seeking to enter the Philippines’ transport network vehicle service market and challenge Grab, just weeks after Uber departed from Southeast Asia. According to a report by DZMM radio on Tuesday, the Land Transportation Franchising and Regulatory Board, or LTFRB, had a meeting with Go-Jek officials who “signified their […]
Read MoreThe government would be wise to boost household consumption, the country’s biggest economic engine, as the component has continued to show signs of a weak recovery in the first three months of the year, experts have said. Household spending, which accounted for more than half of the gross domestic product (GDP) of Southeast Asia’s largest […]
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