Jakarta (VNA) – Indonesia grew 5.31% in 2022from a year earlier, the highest in the past nine years.
The source of growth from the expenditure side is householdconsumption, Margo Yuwono, head of Statistics Indonesia, told reporters at anews conference on February 6. The improvement in income boostedconsumption in the transport, communication, and restaurant-hotelsectors, he added.
The official emphasisedthat these indicators show that Indonesia's economy grew steadily last year.
According to him, the nation recorded a high growth thanks tohigh export prices and the lifting of travel restrictions, including thecancellation of the quarantine requirement in March 2022, which has boostedbusiness activities and tourist arrivals.
Yuwono affirmed that the reopening of most internationalairports has bolstered people's economic activity. In the first half of 2022, Indonesiahosted more than 740,000 visitors, an annual increase of more than 900%.
The country's GDP in the fourth quarter alone showed ayear-on-year growth rate of 5.01%, slowing from 5.72% in the third quarter./.
Indonesian president Joko Widodo said his government will soon consider halting the export of unprocessed copper ores to encourage domestic processing of raw materials in the country’s industrialisation push, following a similar policy on nickel and bauxite.
Indonesian State Apparatus Empowerment and Bureaucratic Reform Ministry and Australian Public Service Commission (APSC) on January 31 signed a memorandum of understanding on continued cooperation in capacity-building and management of state civil apparatus (ASN).
The Jakarta Provincial Government is taking a series of measures, including implementing an electronic road pricing (ERP) policy, to lessen congestion in the capital city.
Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment.
Indonesia’s Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has expressed his hope that the largest economy of Southeast Asia will not import petrochemical products from 2027 thanks to petrochemical industry development in North Kalimantan’s green industrial area.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
A corner of Jakarta (Photo: Xinhua/VNA) 
