KUALA LUMPUR: Thailand, Indonesia and Malaysia’ pledge to withhold exports of 350,000 tonnes of natural rubber (NR) until March 2018 comes into immediate effect on Thursday. The three countries will also push ahead with greater domestic consumption of the commodity, according to the Bangkok-based International Rubber Consortium Ltd (IRCo). The IRCo said the withholding of […]
Read MoreJAKARTA: Indonesia’s economy, the largest in South-East Asia, hit a milestone last year by reaching US$1 trillion, yet the mood wasn’t celebratory as the government continued to miss its revenue targets. Gross domestic product (GDP) was an estimated US$1.004 trillion in 2017, but economic growth was probably lower than the 5.2% initially projected, according to […]
Read MoreThe Financial Services Authority (OJK) plans to issue a regulation on currency hedging to help investors protect their investments in the stock market against the possible decline of the rupiah. “The regulation is expected to minimize the currency risks for foreign investors with more competitive pricing,” said OJK Chairman Wimboh Santoso on Tuesday. He hoped […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that poverty and open unemployment rates have dropped in the past three years. Data from the Central Statistics Agency (BPS) show that poverty rate stood at 10.12 percent as of September 2017, lower than that of September 2014 at 11.13 percent. Open unemployment rate also dropped from 5.94 percent in August […]
Read MoreIndonesia’s Central Bureau of Statistics said Tuesday that the country’s inflation rate for the year 2017 stood at 3.61%, up slightly from the previous two years but still below the target. The inflation rate was 3.35% in 2015 and 3.02% the following year, which was the lowest figure in five years. Last year’s inflation rate, […]
Read MoreThe government has once again extended the temporary permit of miner PT Freeport Indonesia (PTFI) until June 30, indicating that both parties were unable to settle their dispute before the Jan. 10 deadline. The current administration has been involved in intense negotiations with PTFI, a subsidiary of American mining giant Freeport-McMoRan, since early 2017 over […]
Read More
Thailand
