TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati said Indonesia’s state budget deficit as of September 30, 2021, reached Rp452 trillion or 2.74 percent of Gross Domestic Product (GDP). The figure plummeted by 33.7 percent compared to last year’s. “This illustrates ongoing fiscal consolidation, and indirectly means that the economic recovery is going as we expected,” said Sri at a […]
Read MoreThailand’s economic engines may not be as strong as before and the country’s important tourism sector may take longer to normalise, the Bank of Thailand governor said on Thursday. Factors that will be key to future growth are the digital economy and sustainability, Sethaput Suthiwartnarueput told a business seminar on the post-pandemic economy. Source: https://www.bangkokpost.com/business/2217587/bot-recovery-make-take-longer
Read MoreTravel sentiment during Loy Krathong this year is expected to improve from last year, but will be quieter than the last festival to take place before the pandemic, with overall tourism spending projected at 1.4 billion baht nationwide, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said 551,700 domestic trips have […]
Read MoreMANILA, Philippines — The country’s largest business group is pushing for the full opening of the economy as part of 10-point resolutions to be submitted to the government to fast-track recovery from the impact of the pandemic. The Philippine Chamber of Commerce and Industry (PCCI) said it would present to President Duterte its proposals, which […]
Read MoreVietnam will continue considering foreign investment one of its important drivers for socioeconomic development over the next four years, with its ambitious plan to attract more high-quality funding. For this plan to become true, special incentives will soon be offered. The National Assembly last week adopted the country’s 2021-2025 Economic Restructuring Plan with a raft […]
Read MoreThailand is expected to become Asean’s low-carbon leader, driven by a digitalisation journey through the support of the country’s innovation infrastructure, according to global tech giant Huawei Technologies. To drive the so-called low-carbon digital Thailand approach, Huawei indicated that the country requires enrichment of 5G adoption for ubiquitous connectivity, building cloud-based digital platforms, accelerating a […]
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