Economy
IMF Agrees Funding Boost, Extra Africa Board Seat
In a landmark development, the International Monetary Fund (IMF) has made significant strides toward enhancing its global influence and promoting diversity within the organization. At
Majority Leader Schumer Leads U.S. Senators for the First China Congressional Visit After 4 Years
The delegation of U.S.’ senators is reported to arrive in China on Saturday to attend the first congressional visit since their last visit 4 years
Osaka Expo 2025 Construction Costs Now $330m Over Budget
The construction costs for the World Expo 2025 venue in Osaka are set to rise significantly, with estimates now reaching 235 billion yen ($1.7 billion).
Saudi Arabia’s Economy Transforms to an Enhanced State Through Diversified Income Sources
Saudi Arabia’s economic situation currently is in a transformation phase. They are having a big change in reducing oil dependence, diversifying income sources, and intensifying
Indonesian Consortium Led by Agung Sedayu Group Blast Off A $1,3 Billion Project
The league of Indonesian conglomerates were reported to launch a massive project worth $1,3 billion. And the project aims to build a new yet qualified
U.S and China to Launch Economic and Finance Working Groups
The US Treasury Department and China’s Ministry of Finance have established two economic working groups to reduce tensions and strengthen ties between the two countries.
Indonesia Rice Imports Spike as Jakarta Shores Up Stocks
The Indonesian statistics office said Friday that rice imports increased significantly in the first eight months of this year compared to the same time last
Indonesia, Thailand, and Malaysia to Promote Local Currencies In Bilateral Transactions
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)
China State Council Issued New Bidding Guidelines to Increase Foreign Investment
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
Indonesia’s Economic Growth Consistent Above 5% in Q2
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
Malaysia Aims to Pursue a Position Among the Top 30 Global Economies
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
Indonesia Rises Again to Upper Middle Class, Recovering From the Pandemic
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
