Indonesia recorded a Rp 257.8 trillion (US$17.5 billion) budget deficit in the first half of the year as the government seeks to bolster stimulus spending to cushion the coronavirus-battered economy. The deficit amounts to 1.57 percent of the country’s gross domestic product (GDP), the highest half-yearly deficit recorded since the first half of 2016 but […]
Read MoreConsumer interest in low-cost housing dominated the property market demand in the first half of the year, while sales started to pick up amid the impact of the pandemic on the sector, online property marketplace 99 Group data show. According to Singapore-based property marketplace start-up 99 Group, which owns 99.co and rumah123.com, low-cost residential property, priced below Rp […]
Read MoreBank Indonesia (BI) has forecast a U-shaped recovery for the country’s economy as the coronavirus pandemic took a greater toll than previously expected, threatening to cause a deep contraction in the second quarter. Indonesia‘s economy could shrink between 4 and 4.8 percent in this year’s second quarter, BI senior deputy governor Destry Damayanti said on […]
Read MoreJAKARTA: Indonesia has increased tax incentives for businesses in a move to try and limit the economic impact of the coronavirus pandemic, its tax office said. Previously announced tax relief due to expire in September, have been extended until the end of the year, a statement said. They include tax breaks for some manufacturing workers […]
Read MoreConsumer interest in low-cost housing dominated the property market demand in the first half of the year, while sales started to pick up amid the impact of the pandemic on the sector, online property marketplace 99 Group data show. According to Singapore-based property marketplace start-up 99 Group, which owns 99.co and rumah123.com, low-cost residential property, priced below Rp […]
Read MoreBank Indonesia (BI) has cut its benchmark interest rate for the fourth time this year to bolster the recovery from the coronavirus pandemic, which has dealt a crushing blow to the country’s economy. The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points (bps) to 4 percent, […]
Read More
Thailand
