Morgan Stanley cuts projection for Indonesia’s economic growth

Morgan Stanley has cut its projection for Indonesia’s economic growth to 4.5 percent year-on-year from 6.3 percent in 2021, and to 5.4 percent from 5.5 percent in 2022.
Morgan Stanley cuts projection for Indonesia’s economic growth ảnh 1Morgan Stanley cuts projection for Indonesia’s economic growth. - Illustrative image (Source: world-today-news.com/)
Jakarta (VNA) - MorganStanley has cut its projection for Indonesia’s economic growth to 4.5 percent year-on-year from 6.3percent in 2021, and to 5.4 percent from 5.5 percent in 2022.

In its report, Morgan Stanley said Indonesia’s economic recovery will be drivenby domestic and foreign demand.

According to Morgan Stanley’s Asia Economist Deyi Tan, Indonesia’s economic growth in 2021 couldnot be separated from the achievement of economic growth per quarter.

In the first quarter of 2021, Indonesia’s economic growth was still recorded atnegative 0.7 percent year-on-year.

Morgan Stanley predicts that economic growth of the Southeast Asian countrycould soar to 6.5 percent year-on-year in the second quarter, but will declineslightly to 6.3 percent, and 6.2 percent in the third and fourth quarter of2021, respectively.

Morgan Stanley also revised its projection foreconomic growth in ASEAN member countries to 5.4 percent from 7.4 percent in2021./. 
VNA

See more

Illustrative image (Photo: Internet)

Lao, Cambodian Parties vow to tighten ties

The 15th high-level meeting between the Lao People’s Revolutionary Party (LPRP) and the Cambodian People’s Party (CPP) took place in Vientiane, Laos on February 7.

Chinese President Xi Jinping meets with Prime Minister of Thailand Paetongtarn Shinawatra, who is on an official visit to China, at the Great Hall of the People in Beijing on February 6, 2025. (Photo: Xinhua)

Thailand, China strengthen bilateral ties

Thai Prime Minister Paetongtarn affirmed Thailand's commitment to deepening law enforcement cooperation with China and its neighbouring countries, pledging strong and decisive actions to combat cross-border crimes, including online gambling and telecom fraud.

Cambodian Senate President Samdech Techo Hun Sen begins visit to Laos. (Photo: cpp.org.kh)

Lao, Cambodian legislative bodies enhance collaboration

The two sides appreciated the strong and close collaboration between Laos and Cambodia as well as their legislative bodies, reflected through the implementation of the contents of the Memorandum of Understanding on cooperation between the two legislatures, such as all-level delegation exchanges, and experience sharing.

Chinese President Xi Jinping (right) and Brunei's Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah at their meeting in Beijing, China, on February 6, 2025. (Photo: Xinhua/VNA)

Brunei, China step up cooperation across multiple fields

Xi Jinping said China is ready to strengthen strategic connectivity with Brunei, encourage more Chinese enterprises to invest and start business in the country, and support Brunei in diversifying its economy and developing its digital economy, artificial intelligence, and new energy industries.

An office worker in Bangkok points to the Fineasy app on her Oppo smartphone. (Photo: bangkokpost.com)

Illegal mobile loan apps found in Thailand

The Bank of Thailand initially reported 10 verified illegal apps offering personal loans, including Fineasy and Happy Loan, to the Personal Data Protection Committee (PDPC) under the Digital Economy and Society (DES) Ministry.

A screenshot of the talk show (Photo: VNA)

Cambodian TV channel spotlights Vietnamese Party chief’s article

In a 10-minute talk show, Cambodian journalist Khieu Kolar analysed Vietnam's strategic orientations, especially the continued Party building and redtification, the streamlining of the political system, and the promotion of science and technology application and digital transformation in Party building.