Economy

In an interview that took place on Thursday with CNBC Indonesia TV, Indonesian President Joko Widodo stated that the country has not yet completed the process of assessing who is qualified to receive fuel subsidies. In order to rein in the out-of-control growth of energy subsidies in the economy that dominates Southeast Asia, some have proposed limiting the number of …

Because of rising commodity prices and a dispute between the government and importers, the leading producers of soft drinks in the Philippines have issued a rare unified statement in which they corroborate claims of a refined sugar scarcity. ARC Refreshments Corporation, Coca-Cola Beverages Philippines, and Pepsi-Cola Products Philippines have all stated that the industry is currently experiencing a shortage of …

Shares of once-buzzing technology companies have been in freefall this year, with some dropping as much as 70 percent as a result of an uncertain climate and concerns about their profitability. The share prices of technology companies that did well during the COVID-19 pandemic have been hit particularly hard. One example of this is the streaming service Netflix, which has …

According to reports in the media on Monday, Indonesia’s energy minister was quoted as saying that the country intends to increase the price of fuel in order to rein in the escalating costs of energy subsidies. As stated by Energy Minister Arifin Tasrif, who was mentioned by many local media outlets, including the news website Bisnis.com, the price increase would …

During the next five years, Thailand plans to invest 2.2 trillion baht, which is equivalent to $61.97 billion, in the industrial east of the nation, according to a government official who spoke on Monday. This is part of Thailand’s effort to strengthen the country’s long-term economic growth. Thanakorn Wangboonkongchana, a government spokesperson, said in a statement that the plan for …

Mr. Mathew, who works for TalentCorp, claims that the organization is making an effort to reduce the magnitude of the brain drain, despite the many factors that are driving Malaysians to leave the country in search of better opportunities elsewhere. Implementation of the Returning Expert Program is one of the initiatives being taken (REP). The program includes the Malaysia@Heart initiative, …

According to a report that was published by a financial news media source on Friday, 21jingji, China may launch a pilot program in six provinces in order to significantly accelerate the disposal of bad loans made by local small and medium-sized banks. The decision was made after a rural banking crisis in the province of Henan in central China and …

Two sources with knowledge of the matter have stated that Malaysia’s second-richest man, Quek Leng Chan, is weighing options for his stake in Hong Leong Bank, including a merger. This is a move that could trigger wider consolidation in the sector and make Quek Leng Chan the second-richest man in Malaysia. According to the sources, Quek, who is 80 years …

The annual rate of inflation in Indonesia maintained its ascent in July, reaching 4.94 percent year-on-year for the month. Since October 2015, this month’s result marks the country’s highest inflation rate ever recorded. During that time, it stood at 6.25 percent. According to Mr. Margo Yuwono, chief of the Indonesian statistics office, this occurs at a time when food and …

Wikipedia is the latest target of the ongoing debate around the correct interpretation of the term “recession.” Wikipedia has halted the majority of edits to the entry for “recession” as well as the entry for “business cycle” after partisans engaged in a heated editing duel on the pages that were relevant. Depending on one’s political leanings, one can see the …