The Indonesian economy is expected to grow in the range of minus 2 percent to positive 0.6 percent in the fourth quarter of this year, Coordinating Minister for Economic Affairs Airlangga Hartarto said on December 15.
Data from the Ministry of Industry and Trade shows Vietnam will sharply increase imports of coal, gas and primitive energies to meet development needs from now to 2030.
The Philippine economy is projected to contract 1.9 percent this year due to the economic fallout triggered by natural disasters and COVID-19, the World Bank said in an updated report released on June 9.
The Ministry of Industry and Trade has sent a report to the Prime Minister, proposing a reduction in the prices of electricity for three months to help ease difficulties facing production and business in the context of the ravaging COVID-19 epidemic.
The national pork output in 2019 stood at 3.3 million tons, 13.8 percent lower than that in 2018. The short supply affected the price and pushed the common CPI to rise by 0.83 percent.
A free trade agreement (FTA) with the European Union (EU) is likely to stimulate not only exports but also imports and investment as well, helping to raise Thailand's GDP by 1.63 percent a year, according to a study.
The Philippine Statistics Authority (PSA) reported on August 8 that the gross domestic product (GDP) growth slowed to 5.5 percent in the second quarter, its slowest pace in four years.
The Asian Development Bank (ADB) has recently reduced its economic forecast for the Philippines to 6.2 percent this year from the previous 6.4 percent.
The Royal Irrigation Department (RID) of Thailand is speeding up efforts to mitigate the impacts of drought after water levels in several major reservoirs fell below the levels of last year.
Thailand’s cabinet on May 14 passed resolutions on several issues, ranging from the transfers of high-ranking government officials and measures for oil palm growers to measures for business operators.
Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending.
Indonesia’s economy expanded 5.27 percent in the second quarter of 2018, the highest growth rate since the fourth quarter of 2013, thanks to growing domestic consumption.
The Asian Development Bank (ADB) projected that Indonesia's economy will grow by 5.3 percent annually in 2018 and 2019 thanks to improving investment and household consumption.
The World Bank (WB) has forecast that the Indonesian economy will remain strong and record a growth rate of 5.1 percent in 2017 and 5.3 percent in 2018.
Indonesian Minister of Finance Sri Mulyani has warned of global risks that could affect the country's economic situation as well as its efforts to reach the development targets in 2018, the Antara news agency reported on September 8.
A spike in electricity usage as a result of the record heat wave earlier this month across the northern region, especially Hanoi, will leave most residents high electricity bills.
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