Indonesia’s economy sees positive signals in Q1
Indonesia's strengthening of the manufacturing Purchasing Managers' Index (PMI) is indicative of optimism among business actors, head of the Fiscal Policy Agency of the Ministry of Finance Febrio Kacaribu stated.
Jakarta (VNA) - Indonesia's strengthening of the manufacturing
Purchasing Managers' Index (PMI) is indicative of optimism among business
actors, head of the Fiscal Policy Agency of the Ministry of Finance Febrio
Kacaribu stated.
Kacaribu said the manufacturing industry, which continues to be expansive, reflects the strength of Indonesia's economy amid the global economy that is still overshadowed by the trend of slowdown and uncertainty, reported Indonesia’s Antara news agency.
The local manufacturing sector has consistently expanded throughout the first quarter, with the PMI indicator increasing to a level of 51.9 in March from 51.2 in February.
According to Kacaribu, there are indications that the level of domestic demand has continued to increase, supporting manufacturing production activities in the midst of relatively strained export demand.
In addition, distribution and logistics have continued to improve in the last two months and been able to boost production activities in the country./.
Kacaribu said the manufacturing industry, which continues to be expansive, reflects the strength of Indonesia's economy amid the global economy that is still overshadowed by the trend of slowdown and uncertainty, reported Indonesia’s Antara news agency.
The local manufacturing sector has consistently expanded throughout the first quarter, with the PMI indicator increasing to a level of 51.9 in March from 51.2 in February.
According to Kacaribu, there are indications that the level of domestic demand has continued to increase, supporting manufacturing production activities in the midst of relatively strained export demand.
In addition, distribution and logistics have continued to improve in the last two months and been able to boost production activities in the country./.
You should also see
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
See more
World
India’s trade deficit with ASEAN widens
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
World
Malaysia to cut down on petrol subsidies this year
Malaysian Economy Minister Rafizi Ramli has announced that the country will reduce petrol subsidies this year to reduce its fiscal deficit.
World
El Nino thins the only glacier in Indonesia: BMKG
Global warming has played a key role in gradually thinning the glaciers atop Puncak Jaya, Papua, Indonesia, some of the few remaining tropical glaciers in the world, according to Indonesian Agency for Meteorology, Climatology, and Geophysics (BMKG).
World
Thailand welcomes over 10 mln foreign arrivals so far this year
More than 10 million foreign tourists have visited Thailand so far this year, bringing in more than 500 billion THB (13.5 billion USD), the country’s Tourism and Sports Ministry has reported.
World
Thailand's Maha Songkran World Water Festival welcomes over 784,000 festival-goers
The Tourism Authority of Thailand (TAT) claims that the “Maha Songkran World Water Festival 2024”, held at Sanam Luang and Ratchadamnoen Avenue from April 11-15 is a great success with more than 784,000 participants.
