5:51 pm May 22, 2015 | No Comment
Bank Indonesia, the central bank, said it will cut down payment requirement for first-time home buyers to 20 percent from 30 percent now, in a move to encourage more lending and boost economy growth.
3:52 pm May 22, 2015 | No Comment
Move over, Shanghai. The fastest growing city in Asia over the next five years will be Delhi, according to Oxford Economics. Chinese cities make up only three of its top 10 list, with India accounting for six. Ho Chi Minh City is the sole outsider beyond the two giants.
5:05 pm May 21, 2015 | No Comment
The uptick in Southeast Asia's forex reserves last month is a respite after a drop of about $60 billion since mid-2014. But the gain of less than 1 percent is hardly boosting coverage for the region's external finances, which are more stretched than they have been for many years.
3:15 pm May 21, 2015 | No Comment
Indonesia has started marketing dollar- denominated Islamic bonds for a fifth straight year, cementing its place as the most regular sovereign issuer of global sukuk.
11:27 am May 21, 2015 | No Comment
Prime Minister Najib Razak said on Thursday that Malaysia's real gross domestic product will grow between 5 percent and 6 percent annually from 2016 to 2020, resulting in a 7.9 percent per annum rise in gross national income (GNI) per capita.
11:07 am May 21, 2015 | No Comment
Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the U.S. economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeting released on Wednesday.
10:07 pm May 20, 2015 | 6 Comments
As Indonesia prepares to ban domestic use of the dollar to build faith in its own currency, it might succeed in taking the greenback out of local hands, but much of the benefit of the reform will be lost as local heads still calculate in dollars.
10:01 pm May 20, 2015 | 4 Comments
After more than five years of feasibility studies and high-level lobbying, Japanese officials thought they were on the brink of bringing bullet trains to Indonesia. Then China showed up.
8:26 pm May 20, 2015 | 2 Comments
A survey from a global market researcher Nielsen showed that Indonesia retained its position as the world’s second most optimistic country from Indonesian online consumers perspectives.
2:42 pm May 20, 2015 | No Comment
China will spend more than $182 billion to boost Internet speeds by the end of 2017, a top government body said, as Beijing moves towards a more service-driven economy to boost growth.
12:49 pm May 20, 2015 | 1 Comment
Indonesia's 2016 state budget is going to be based on the assumption that the economy will grow by between 5.8 percent and 6.2 percent, less than earlier estimates, finance minister said on Wednesday.
7:41 pm May 19, 2015 | No Comment
Indonesia's central bank maintained its benchmark interest rate at 7.5 percent on Tuesday, while pledging to ease reserve requirements and down payment rules as it tries to balance financial stability with the need to boost growth.
2:19 pm May 19, 2015 | 3 Comments
Investors from the United Kingdom have expressed interest in planting a combined $4.01 billion in Indonesia's renewable energy sector, the country's Investment Coordinating Board, or BKPM, said in a statement on Tuesday.