MANILA, Philippines – The peso continued yesterday to lose more ground against the dollar, shedding 26 centavos to close at its weakest level in almost 11 years. The local currency closed at 51.34 from Monday’s 51.08 to $1. This was the weakest level for the peso since closing at 51.38 to $1 on Aug. 25, […]
Read MoreTEMPO.CO, Jakarta – In his speech at the House of Representatives Plenary Meeting, President Joko Widodo or Jokowi assured that the government is always cautious regarding debts used for Indonesia’s development. “The debt-to-GDP ratio remains under 30 percent and the State Budget deficit is under 3 percent,” said the President on Wednesday, August 16. Jokowi argues that […]
Read MoreTEMPO.CO, Jakarta – President Joko Widodo or Jokowi said that there is one factor hampering the government in taking Indonesia to a level where the country is acknowledged as competitive by the international community. “What crushes our competitiveness is corruption, it is our common enemy,” said President Jokowi during a meeting with the House of Representatives (DPR) […]
Read MoreTEMPO.CO, Jakarta – The Indonesian governments debts have reached Rp3,779.98 trillion as of late July 2017 to achieve the countrys economic growth target, the Directorate General of Financing and Risk Management of the Finance Ministry said. The debts that resulted from state securities were worth Rp3.045 trillion and those from new loans were worth Rp734.98 trillion, which accounted […]
Read MoreLocal small and medium-sized enterprises (SMEs) in ASEAN’s fastest-growing market are unable to develop and grow because they are bogged down by a slew of bureaucratic and administrative difficulties, business leaders and politicians said. Local businesses in Myanmar have been suffering from challenges such as lack of access to capital and intellectual property (IP) protection […]
Read MoreThe cabinet yesterday approved the extension of the 7% value-added tax (VAT) rate for another year, saying a hike could derail the economic recovery. According to Kobsak Phutrakul, assistant minister to the Prime Minister’s Office, the extension will cost the government an estimated 232.6 billion baht in lost revenue from tax collection until Sept 30 […]
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