TEMPO.CO, Jakarta – Senior Economist Faisal Basri predicts that Indonesia will be struck by a minor financial crisis in December if the Government does not slash its spending on infrastructure. “Pak Jokowi talks about not reducing its spending on infrastructure. [It would lead to a minor financial crisis],“ said Faisal on Wednesday, October 11. Faisal claims a minor […]
Read MoreHANOI — The State Bank of Vietnam (SBV) will instruct commercial banks to try and cut interest rate in the remaining months of the year. It is among SBV’s monetary policies that will be applied in the remaining months of the year, SBV announced on Tuesday. According to SBV, it is ready to support liquidity […]
Read MoreThe Bank of Thailand’s rate-setting committee foresees further economic growth but is concerned over rising bad loans in the short term and search-for-yield behaviour increasing amid the low-interest-rate environment. “The committee expressed concerns over the high level of non-performing loans (NPLs) that will remain elevated in the short term,” according to the minutes of the […]
Read MoreMANILA, Philippines — Indonesian firm JSK Gas Corp. is looking to invest in the liquefied natural gas (LNG) sector in the Philippines that would replace diesel-fired power plants in off-grid areas. The company has formed JSKLNG Holding Phils. Inc. to pursue its LNG investments in the country. In an interview, JSKLNG director Richard Moon said […]
Read MoreAfter investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]
Read MoreBilateral relations and cooperation between Laos and Brunei Darussalam have received a boost with the visit of Vice President Phankham Viphavanh to Brunei last week. Mr Phankham and his delegation, on behalf of President Bounnhang Vorachit, travelled to Brunei in response to an invitation from His Majesty Sultan Haji Hassanal Bolkiah of Brunei Darussalam. According […]
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