The prestigious club of the few Asian countries that have formed sovereign wealth fund (SWF) will soon be entered by Indonesia and this is something that they are waiting for.  In view of this, The newly passed Job Development Legislation stipulates that the Indonesian Investment Authority (LPI) with an initial capital of Rp 15 trillion ($1.36 billion) derived from the …

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, …

PUTRAJAYA – Finance Minister Lim Guan Eng said that Malaysia is not facing risk of recession despite the government’s plan to expedite implementation of an economic stimulus package. “There’s no risk of recession in Malaysia. I think what the government want is to ensure sustainable economic growth.” He added. The ministry’s economic stimulus package would include rebates on tax and …