Finance Minister Sri Mulyani Indrawati has stressed that the new regulation to be issued in days will curb imports on consumer goods, which were blamed for ballooning trade deficit in July and increasing the current account deficit (CAD). President Joko “Jokowi” Widodo summoned a number of economic ministers to have a meeting on the issue […]
Read MoreIndustry Minister Airlangga Hartarto has said that the government is planning to impose 7.5 to 10 percent import tariffs on downstream products in an effort to curb imports. For raw materials, the import tariffs will be 2.5 percent. “We are still studying the HS (harmonized system). We [will] keep the tariffs for the raw materials low while the […]
Read MoreMANILA, Philippines — The Philippines’ manufacturing activity registered a “quicker” pace of growth in August, sharing the second place with Indonesia while factory growth in Southeast Asia regained some momentum in the middle of the third quarter, according to monthly tracking done by IHS Markit for Nikkei, Inc. The Philippines chalked up a “modest increase” of 51.9 Purchasing Managers Index, […]
Read MoreThe Finance Ministry, Bank Indonesia (BI) and the Financial Service Authority (OJK) have teamed up to prevent speculative transactions of the US dollar that they believe have sparked negative sentiment in the country’s economy. Finance Minister Sri Mulyani Indrawati said the three institutions under the Financial System Policy Committee (KKSK) would monitor and study the behavior […]
Read MoreJAKARTA (BLOOMBERG, REUTERS) – Indonesia’s central bank is intensifying its fight to protect the nation’s currency and bonds with a slew of measures that includes more hedging tools. Bank Indonesia plans to soon introduce overnight index swaps and interest-rate swaps to widen its pool of hedging tools for investors, exporters and banks. The central bank […]
Read MoreGold and copper mining company PT Freeport Indonesia (PTFI) has been given a one-month special mining permit (IUPK) extension, which is required for the company to import its copper concentrates. Energy and Mineral Resources Ministry mineral business supervision director Bambang Susigit said in Jakarta on Monday that the extension for PTFI, a subsidiary of Freeport-McMoRan Inc (FCX), was signed by Energy and […]
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Thailand
