Speaking at the 16th ASEAN Economic Ministers (AEM)-EU Trade Commissioner Consultations in Singapore on Friday, Trade Minister Enggartiasto Lukita outlined the desired impact a free trade agreement (FTA) between ASEAN and the European Union would have on small and medium enterprises (SMEs) and the palm oil industry. “The FTA between ASEAN and EU must contain programs […]
Read MoreNational Development Planning Minister Bambang Brodjonegoro says the government is working to narrow the economic disparity among the regions as currently, economic activities are mostly centered in Java and Sumatra. “We will focus on finding solutions on how to balance economic development between Java and other islands,” said Bambang in Jakarta on Thursday when announcing […]
Read MoreThe Trade Ministry has found some importers to have misused the post-border check policy implemented in early February. Trade Ministry international trade director general Oke Nurwan said the “naughty” importers had misused the policy by not including valid documents and making false declarations about the goods they had imported. “We are investigating the case. It […]
Read MoreJAKARTA: Indonesia’s central bank on Thursday kept its policy rate unchanged, as expected, saying its monetary policy stance remains neutral. The decision came shortly after the Federal Reserve, as anticipated, hiked US rates. “This is consistent with efforts to maintain stability … and pushes domestic economic recovery,” BI spokesman Agusman told a news conference. Bank […]
Read MoreTEMPO.CO, Jakarta – Institute for Development of Economics and Finance (INDEF) stated the increase of state debt was not equal to the economic growth. Whereas, in the last three years, the fund was allocated to infrastructure development. “The debt is contradictory to our expectation; [we expected that] it can encourage national productivity and competitiveness as well as our independence. […]
Read MoreIndonesia’s central bank has more pressing things to worry about than its next interest-rate move. Policy makers are instead seeking to sandbag the currency against more capital outflows as the US Federal Reserve moves ahead with its tightening plan. Governor Agus Martowardojo has signaled that Bank Indonesia will keep dipping into foreign reserves to support […]
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Thailand
