TEMPO.CO, Jakarta – The Governor of Bank Indonesia Agus Martowardojo projects year-on-yearinflation rate in 2017 of 4.36 percent, an increase compared to late 2016 of 3.02 percent, mostly attributable to pressure from administered prices. Agus said yesterday that the projection was based on the movement in the Customer Price Index (CPI) that was down in […]
Read MoreBANGKOK: International tourist arrivals in Thailand rose 4.6 percent in May from a year earlier, with revenues up 6.9 percent, but a strong baht could impact the lucrative industry, the tourism and sports ministry said. The number of foreign tourists stood at 2.59 million in May, led by visitors from China, Malaysia, India, Russia and […]
Read MoreA strong baht is expected to hurt inbound tourism by driving up the cost of travel and narrowing industry margins, say public and private players in the tourism sector. The Tourism and Sports Ministry revealed yesterday the baht in the year to date has appreciated by 14% against the pound sterling, 8% against Malaysia’s ringgit, […]
Read MoreThailand plans to promote the northeastern city of Mukdahan to be a trading and logistics centre of Asean, expecting to pour investment into infrastructure in the province to help increase annual border trade to 200 billion baht by 2019. Mukdahan governor Sorasit Ritsorakai said the area is in a perfect location to make use of […]
Read MoreThe Asean+3 Macroeconomic Research Office (Amro) is upbeat that the Thai economy will remain on solid footing, and policymakers stand ready to adopt both fiscal and monetary policies to support the economy if needed. Thailand’s growth potential is also sound, said Hoe Ee Khor, chief economist at Amro. The office forecasts the Thai economy will […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati said that the tax revenue realization this year has progressed to 33.4 percent or Rp 584.9 trillion of the target set at Rp1,748 trillion. “Up until May, the tax revenue realization has progressed to 33.4 percent of the target,” she said during a meeting with the House […]
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