Public spending is expected to balloon in the next two years leading up to the 2020 General Election, potentially taking the fiscal deficit up to 6 percent as a share of GDP over the current fiscal year, according to government data. The K22.1 trillion Budget, which allocates more spending towards health, education and energy, is […]
Read MoreJAKARTA: Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated for thousands of products traded between Indonesia and the EFTA countries – Switzerland, Liechtenstein, Norway and Iceland, according to government statements. Among those products, Indonesian […]
Read MoreKUALA LUMPUR: The International Monetary Fund (IMF) is projecting Malaysia’s real gross domestic product (GDP) growth at 4.7 per cent for 2018, compared with an earlier forecast of 5.3 per cent made on March 7. The IMF said headline inflation was declining and expected to average around 1.1 per cent this year. “Credit growth has […]
Read MoreA meagre 360,000 of the 11.4 million recipients of the government’s welfare and subsidy scheme for the poor are entitled to value-added tax (VAT) payback in the first month after the tax incentive scheme started last month. The small number was attributed to only a handful of Thong Fah Pracha Rat shops participating in the programme, […]
Read MoreGoogle data has shown that eight out of 15 of the most trending keywords in the country were related to major sporting events, particularly soccer matches. “These were the keywords that rose the fastest in searches this year compared to last year, not the most searched keywords,” said Google Indonesia search marketing manager Mira Sumanti […]
Read MoreMyanmar is forecast to grow at a slower pace of 6.2 percent this year compared with 6.8pc in the previous year, according to a report by the World Bank released yesterday. While prospects for the economy are positive over the longer term, the risks to growth for the coming year have also risen. In that […]
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Thailand
