State finances still solid, but Indonesia’s government wary of trend
The Finance Minister explained that income from customs and excise, taxes as well as non-tax state revenue would enter a downtrend.
Economic Affairs
Pakistan receives $2 billion from Saudi Arabia: Ishaq Dar
Saudi Arabia had already pledged the money to Pakistan and waited for the much-awaited IMF deal to be announced before depositing it.
Fitch upgrades Pakistan’s rating citing ‘improved external liquidity’
The agency noted some issues had held up the last three reviews of Pakistan’s previous IMF programme.
Coal supply for thermal power plants to increase by 10-15 per cent
The nation is relying more on coal power this year due to water shortages, leading to a 10-15 per cent increase in goal demand.
$190 million ADB loan to Bangladesh for upgrading rural roads
The latest loan will further extend improvement of another 1,350 km of rural roads.
Closer look at jobs picture in Philippines shows growth in unstable employment
The Socioeconomic Planning Secretary has assured the public that the government will continue reforms to sustain current labor market gains.
China’s growth against odds raises world’s hopes
However, experts are expecting much more on the policy front to secure the future of firms and its economy.
Indonesia to ‘fight’ against IMF’s mineral export ban criticism
Indonesia has banned exports of nickel ore since 2020, to which the European Union has responded with a complaint to the World Trade Organization.
China’s digital payment services see global expansion in 2022
In 2022, online payment services provided by China Unionpay extended to over 22 million clients in over 200 countries and regions overseas.
Heat unlikely to keep tourists home this summer: Industry operators
Industry operators and agencies anticipate a full recovery of long-distance tours and family trips, which may even outperform figures in 2019.