Economy

Bahlil Lahadalia, Investment Minister/Head of the Investment Coordinating Board (BKPM), revealed the UK’s plan to build a battery factory in Bantaeng Regency, South Sulawesi. The investment value reaches IDR 135 trillion. On Friday 31 July 2023, Bahlil was authorized to accelerate investment. He also reported this directly to President Joko Widodo. “We just had a […]

The Reserve Bank of India (RBI) has decided to withdraw the Rs 2,000 note from circulation. However, the central bank said in a circular letter on Friday that the notes could still be legal tender. (firework.com) Through the RBI circular, it was said that in order to complete the implementation in a time-bound manner and

Thailand GDP reported to grow 2,7% in the first quartal on 2023 because it was supported by a strong recovery in tourism and increased consumption, although the dismal global economic outlook is still weighing on the country. According to the National Economic and Social Development Council, the country’s gross domestic product grew from a 1.4%

Malaysia’s economy says that its gross domestic product (GDP) expanded by 5.6% in the first quarter of 2023, mainly driven by private sector spending. Earlier, local daily The Star, quoted analysts as forecasting GDP growth for the first three months of this year at around 4.8%. Nor Shamsiah Mohd Yunus, Governor of Bank Negara Malaysia

Sri Mulyani revealed that Indonesia officially increased its shareholding in the Islamic Development Bank (IsDB) from 12th to 3rd. The special capital increase (SCI) places Indonesia’s stake in IsDB at 8.43%, lower than Saudi Arabia and Libya. “Post-SCI, there will be dilution for all shareholders, resulting in Indonesia’s final shareholding being 7.94 percent. The IsDB

Japan‘s industrial production rose faster than previously expected in February, according to revised data released by the Ministry of Economy, Trade, and Industry on Wednesday. In February, industrial production increased by 4.6% month on month, reversing a 5.3 % fall in January. The rate of increase in the flash report was 4.5%. Read More: Becoming

Singapore wants to increase interactions and connectivity with more Malaysian states and beyond the capital city of Kuala Lumpur. This is done to increase cooperation and cross-border tourism. Singapore’s Second Foreign Minister Maliki Osman said that there would also be more collaboration in planning such as in the fields of development and education. These topics,

Malaysian Prime Minister Anwar Ibrahim announced the lifting of all toll tariffs for 4 days starting from April 19, 20, 21, and 24 along with the momentum of Lebaran Homecoming 2023. With this rule, all toll roads in Malaysia are free. Anwar said that the policy was made to ease the economy of Malaysians ahead

Indonesia became a partner country at the Hannover Messe 2023 exhibition in Hannover, Germany. Director General of Information and Public Communication of the Ministry of Communication and Informatics, Usman Kansong, stated that the largest industrial exhibition in Europe, Hannover Messe 2023, was a great opportunity to attract investors to Indonesia. According to Director General Usman