Indonesia – The Head of the Finance Ministry’s Fiscal Policy Agency Febrio Kacaribu has ascribed the proceeded with decrease in the public neediness and disparity rates – notwithstanding the COVID-19 pandemic-to thorough government approaches and social security programs. In view of this, The proceeded with decrease in the destitution and imbalance rates can be ascribed to strategies that the office …

Malaysia received RM7.7 billion in net foreign capital inflows in August 2021, the highest monthly net inflow since June 2020, according to Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz. Foreigners bought RM6.6 billion in ringgit bonds (RM3.6 billion in July 2021) and RM1.1 billion in Malaysian equity (July 2021: -RM1.3 billion). According to the finance minister, the National …

Surprisinly, The Carbon assessment will be carried out at the ideal opportunity with installment sections that would not trouble business people, Finance Ministry’s extraordinary staff for key correspondence Yustimus Prastowo has guaranteed. In view of this, certain areas that have enormous commitments and very fit to be forced with carbon expense will be picked. There will likewise be non-monetary motivator …

Tan Sri Mohd Sheriff Kassim who was a former secretary-general of the Finance Ministry, has said that if the retail prices of fuel and cooking oil in southern Thailand, Indonesia’s Sumatra province and the Philippine islands off Sabah followed market trends, then the subsidised Malaysian fuel and cooking oil would be cheaper. This former top civil servant has called on …

Unexpectedly, The Kla Party pioneer Korn Chatikavanij has cautioned the public authority to keep governmental issues out of Thai Airways International Plc’s (THAI) obligation restoration and not to look to return the aircraft to its previous state endeavor status. The previous money serve shared that he was frustrated with the choices the Finance Ministry has drifted for facilitating the carrier’s …

KUALA LUMPUR: According to finance minister Tengku Zafrul Aziz, the Employment Insurance System under the Social Security Organisation (Socso) has successfully channeled RM366.37 million to more than 107,000 people who lost their jobs in 2020. He claimed that as of March 14, this year, Socso had assisted over 18,000 employees who had lost their jobs by channeling RM85.96 million in …

In addition to triggering serious public health issues, the current COVID-19 pandemic has also devastated the economies of numerous countries, including Indonesia, leading to tight limits on public travel and activities. Because of the pandemic, the Indonesian economy shrank 5.32 percent in the second quarter and 3.49 percent in the third quarter of 2020. The Task Force for COVID-19 Handling …

PETALING JAYA: Considering the new Movement Control Orders (MCO) and the state of emergency, which was declared today, the country’s economic recovery from the Covid-19 pandemic will not be affected. Finance Minister Tengku Zafrul Aziz said this was because, with fundraising, trade, and investment activities continuing as normal and with all regulatory functions in place, capital markets will stay open. …

In the third quarter, Indonesia experienced its first downturn in more than two decades and millions of people lost their jobs over the past year as the Covid-19 pandemic ravaged the largest economy in Southeast Asia. As household consumption dropped while spending also fell in the third quarter, official statistics shows, the gross domestic product ( GDP) shrank by a …

In the quarter II-2020, Indonesia’s economic growth contracted or -5.32% compared to the previous quarter II-2019 (year on year). Meanwhile, the Central Statistics Agency (BPS) reports quarterly or from the first quarter of 2020 to the second quarter of 2020, Indonesia’s economy contracted -4.19% (QtQ). Although Indonesia’s economic growth is experiencing a minus, according to Finance Minister Sri Mulyani Indrawati, …