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Malaysia ranks 37th in Global Innovation Index

KUALA LUMPUR: Malaysia is ranked 8th in Asia and 37th worldwide in the Global Innovation Index (GII) 2017 report released by Cornell University, INSEAD, and the World Intellectual Property Organisation on Thursday. The report also said Malaysia was among the top 10 economies in Asia, behind Singapore, South Korea, Japan, Hong Kong, New Zealand and […]

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Indonesia: Govt to Announce 15th Economic Policy Package This Afternoon

TEMPO.CO, Jakarta – The government will announce the 15th economic policy package this afternoon. “Policy package relating to logistics,” Cabinet Secretary Pramono Anung said today on the Presidential Palace compound in Jakarta. The government expects the 15th economic policy package to lead to logistics efficiency. Earlier, the Coordinating Minister for Economic Affairs official Edy Putra […]

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Indonesia: Minister Sets June Inflation Target at 0.39 Percent

TEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution expressed optimism that the inflation rate in June 2017 would not exceed 0.39 percent. “Although Bank Indonesia (BI) indicated that the inflation rate in the first week hit 0.5 percent, I don’t think it’s likely. [The inflation rate] will be below the figure,” Darmin said at […]

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World Bank Predicts Economy of Indonesia to Grow 5.3 Percent

TEMPO.CO, Jakarta – World Bank predicts that Indonesia will increase its real gross domestic product (real GDP) by 5.3 percent in 2018. This is backed by a number of economic growth indicators during this year’s first quarter. Based on the World Bank’s review, Indonesia’s economic growth in the first quarter of 2017 increased from 4.9 percent […]

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