People shop at a supermarket in Indonesia. (Photo: AFP/VNA)
Jakarta (VNA) - Governor of BankIndonesia (BI) Perry Warjiyo has estimated that the country will grow 5.2% in2022, supported by exports and domestic consumption.
Meanwhile, in 2023, he estimated that the growthcan reach 4.6 to 5.3% or higher than that of the global economy that is estimated at 2.6%, reported the local news agency Antara.
This year's economic growth forecast was madein the context that Indonesia has managed to maintain the purchasing power ofthe people, who contribute over 50% of the gross domestic product (GDP)by controlling inflation, among others.
In September 2022, the annual inflation reached5.9%, lower than BI's forecast of 6.2%.
"This is due to strong coordination toovercome the impact of the propagation of the increase in commodities and fueloil (BBM) prices. Coordination is carried out through the Central and RegionalInflation Control Teams, the national movement to control food prices, and theprovision of fiscal incentives," Warjiyo said as quoted by Antara./.
Indonesian President Joko Joko Widodo has asked state-owned enterprises (SOEs) along with their venture-capital arms to be more involved in aiding home-grown start-ups, hoping it can boost the country’s digital economic resilience amid the highly competitive tech-firm market.
Indonesia is formulating a new legal basis for domestic product spending in the form of Public Goods and Services Draft Bill (RUU), the country’s Maritime Affairs and Investments Coordinating Minister Luhut Pandjaitan has said.
Indonesia’s Minister of Health Budi Gunadi Sadikin expressed his optimism that Indonesia would be able to put an end to the COVID-19 pandemic if there are no spike in cases until February 2023.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
People shop at a supermarket in Indonesia. (Photo: AFP/VNA)
