President Joko “Jokowi” Widodo called on ministers and regional leaders on Thursday to keep inflation in check and expedite stimulus spending in an effort to boost purchasing power amid the COVID-19-induced economic downturn. The country had to keep inflation at a “balanced point”, Jokowi said, so that businesses could continue their operations while the movement […]
Read MoreThe International Monetary Fund (IMF) has raised concern over environmental protection – or the lack thereof – in the Job Creation Law, calling on the government to ensure sustainable growth. While the new omnibus law would ease restrictions that had been identified as obstacles to job-creating investment and higher productivity, which could boost growth and […]
Read MoreSingaporean property start-up 99 Group has recorded shrinking housing supply and demand on its websites in the third quarter as property agents and consumers return to conventional transactions, company executives have said. The group, which owns the 99.co and rumah123.com platforms, recorded a 24.6 percent quarterly decline in housing listings on their websites in the […]
Read MoreJAKARTA: Indonesia will launch its own sovereign wealth fund in January next year as the government seeks to attract more investment and support the economy amid the coronavirus pandemic. Deputy State-Owned Enterprises (SOEs) Minister Kartika Wirjoatmodjo said the government would soon establish the fund to handle government investments. The establishment of the sovereign wealth fund, […]
Read MoreIndonesia needs broad-based tax reform to boost its revenue in the long run so that the country can minimize the impact of spending adjustments and fund its development projects, the International Monetary Fund (IMF) has said. Although the country has established a digital tax as a new income source, the additional revenue is likely to […]
Read MoreA provision in the controversial Job Creation Law raises the risk of further forest devastation as it relaxes rules on environmental protection, a local think tank says. The recently passed legislation removes the minimum relative forest cover to be preserved by the government. Previously, Article 18 Paragraph 2 of Law No. 41/1999 on Forestry stipulated […]
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Thailand
