Economy

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

Indonesia Stock Exchange (IDX) Recorded IPO Company Growth Highest in the World
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

Philippines to Become World’s 18th Biggest Economy in 2050
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

Indonesia’s Inflation Eases to the Central Bank’s Target Earlier Than Predicted
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

UK to Construct IDR 135 Trillion Battery Facility in Bantaeng, South Sulawesi
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

RBI Will Withdraw Rs 2,000 Note from Circulation
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

Thailand GDP Growth 2,7% due to Their Focus on Economy
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,

Malaysia Report 5.6% GDP Expansion on Q1, Better Than Expected
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,