Difficult to slash Indonesia’s benchmark interest rate: World Bank MONDAY, 20 JUNE 2016 – Despite the recent moderate inflation in Indonesia, cutting the benchmark interest rate is not an easy task due to banking market structure, geographical constraint and low financial inclusion, according to The World Bank. World Bank lead economist Ndiame Diop said the […]
Read MoreIndonesia to allow establishment of local shell companies MONDAY, 20 JUNE 2016 – The high numbers of Indonesian businesspeople setting up shell companies in tax-haven countries has led the government to allow the creation of such corporations in Indonesia. Finance Minister Bambang Brodjonegoro said the government would arrange one special region in the country that […]
Read MoreIndonesian foreign debt climbs, long-term debt dominates MONDAY, 20 JUNE 2016 – Indonesia’s foreign debt has climbed by 6.3 percent year-on-year (yoy) in April 2016 to US$319 billion, as public-sector debt soared, while private debt declined. Most of the increase came from long-term obligations. Bank Indonesia (BI) reported that long-term external debt grew by 8.3 […]
Read MoreBI expects consumer prices to rise 0.6% this month FRIDAY, 17 JUNE 2016 – Bank Indonesia (BI) forecast monthly inflation of 0.6 percent in June on the back of increasing prices of basic commodities during Ramadhan. BI’s inflation assessment division head Rizki E. Wimanda said inflation was driven by rising prices of staple food, especially […]
Read MoreThai Bilateral Trade Falls TUESDAY, 21 JUNE 2016 – Bilateral trade between Cambodia and Thailand fell by about 15 percent in the first four months of the year, compared to the same period last year, due to the Kingdom’s decreasing imports of oil, food and beverages from its neighbor. Jiranun Wongmongkol, Minister Counsellor (Commercial) of […]
Read MoreOne Visa for CLMVT TUESDAY, 21 JUNE 2016 – Moves for a single visa for the CLMVT countries ? comprising Cambodia, Laos, Myanmar and Thailand ? gained momentum at the sub-region’s Forum 2016 in Bangkok last week, according to a report in the Bangkok-based The Nation newspaper. The CLMVT Forum 2016 hosted by Thailand’s Ministry of […]
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