Indonesia: Indonesia’s Q2 GDP grows 5.18% year on year, stronger than expected, as spending surges Friday, 5 August 2016 – Indonesia’s second-quarter economic growth beat analysts’ expectations amid President Joko Widodo’sefforts to spur an economy struggling in the wake of a slowdown in China and low commodity prices. Gross domestic product increased 5.18 per cent […]
Read MoreIndonesia: Oil Prices Soar as Gasoline Supply Plunges THURSDAY, 04 AUGUST, 2016 – Global oil prices rebounded to end Wednesday’s trade, or Thursday morning Indonesia time, with high profits after the U.S. release of fuel oil consumption revealed to be higher than what the market expected. Analysts believe that investors who buy oil when prices […]
Read MoreIndonesia: Govt Holds Coordinating Meeting on Inflation Control THURSDAY, 04 AUGUST, 2016 – Bank Indonesia, along with the Coordinating Ministry of Economic Affairs and the Internal Affairs Ministry, hosted the 7th National Coordination Meeting on Regional Inflation Control Team (TPID) at Grand Sahid Jaya Hotel in Jakarta, today, August 4, 2016. Opened at 09.00 am […]
Read MorePhilippines: Philippine central bank fines Rizal Bank over Bangladesh cyber heist failings Friday, 5 August 2016 – The Philippine central bank said on Aug 5 it would fine Rizal Commercial Banking Corp (RCBC) a record 1bil pesos (RM85.98mil), after the bank was used by cyber criminals to channel US$81mil (RM326.50mil) stolen from Bangladesh Bank in […]
Read MorePhilippines: Philippines bank challenges Bangladesh Bank to sue over heist Friday, 5 August 2016 – A Philippines bank that was used as a conduit by cyber criminals to transfer US$81mil (RM326.21mil) from the Bangladesh central bank’s account at the Federal Reserve Bank of New York on Aug 5 challenged Bangladesh Bank to take it to […]
Read MoreIndonesia: Govt urged to develop investment in regions: INDEF Tue, August 2 2016 – President Joko ?Jokowi? Widodo should assign a ministry to be in charge of investment development in the regions as the economic policy packages had yet to boost investment in the regions, an economist has said. Institute for Development of Economics and […]
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