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.
Indonesian Minister of Finance Sri Mulyani Indrawati said that the government has set an economic growth target of between 5.4-5.8 percent in 2019.
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.
The Prime Minister has allowed the Taiwanese Hung Nghiep Formosa Co Ltd (Formosa) to import coal for electricity production at its thermal power plant in the southern province of Dong Nai.
Moody’s has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country’s macroeconomic stability will support the banks’ weak credit profiles.
The Indonesian Government maintained a 5.3 percent economic growth target for this year in the revised state budget to withstand uncertainties in the domestic and global economies.
Increased use of electronic payment products added 880 million USD to Vietnam's Gross Domestic Product (GDP) from 2011 to 2015, according to a new report released by Moody's Analytics.
Vietnam’s consumption of electronic and electrical appliances is expected to rise from 7.3 percent to 11.9 percent by 2020, thanks to a new focus on its youthful consumers.
Final consumption expenditure in Vietnam was estimated at 70 percent last year by the World Bank, making the country among Asia’s top 5 retail markets.
Tropical storm Egay has brought flooding, stranded passengers in several ports, cut power supply, and caused the canceling of domestic flights in the Philippines.
The outlook for Southeast Asian markets is positive in the future despite uncertainty over interest rate.
