Economy

Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand are reported to have cooperated by signing the agreement of three bilateral Memorandum of Understanding (MoUs) on 25 August 2023. The MoUs signed by the central of the three countries aims to promote the bilateral transactions in local currencies among the countries involved. Perry Warjiyo (governor

China State Council issued new guidelines issued with the aim to maximize China’s foreign investment and also to attract more foreign investors to invest on Sunday, August 13th.  The newly-issued guidelines consist of 24 guidelines that were made to increase the protection of the rights and interests of foreign investors, including amplifying enforcement of intellectual

The Central Statistics Agency (BPS) noted that Indonesia’s economy was able to grow high in the second quarter of 2023 by 5.17%, exceeding market estimates and expectations. This national achievement is higher than the majority of countries and regions, including Vietnam, the European Union, the United States and South Korea which grew in the same

Malaysia has a grand ambition to become one of the top 30 economies in the world within the next 10 years. This ambitious plan was announced by Prime Minister Anwar Ibrahim during the Madani budget. In a statement, the Prime Minister expressed the country’s commitment to achieving this goal. He emphasized the importance of significant

The World Bank released news on July 1, 2023 that Indonesia was again included in the Upper Middle-Income Country (UMIC) group amid various global pressures and uncertainties. According to the World Bank, Indonesia’s Gross National Income (GNI) per capita has increased by 9.8% to USD 4,580 in 2022.  Even though Indonesia still has a long

President Director of the Indonesia Stock Exchange (IDX), Iman Rachman, stated that the growth of newly public companies on the Indonesian capital market until May 2023 was the highest in the world. Iman explained that new public companies on the IDX had increased by 4.7% year to date (ytd) to 40 public companies as of

Philippines is poised to become the world’s 18th largest economy by 2050 provided it overcomes its infrastructure deficiencies, according to a long-term projection by London-based macroeconomic research organization Capital Economics. Countries currently classified as emerging markets (EM) will account for more than half of global economic output by 2050, a Fitch Group unit said on

Indonesia’s annual inflation eased to 4% in May, earlier than the central bank’s expected target range. This is shown through data from the statistics bureau on Monday. Inflation in Southeast Asia’s largest economy has been above Bank Indonesia’s (BI) target range of 2 to 4% since June 2022 because of the pressure from rising global