Wave of layoffs, deflation herald bleak Eid for thousands of Indonesians
Some 60,000 workers from 50 companies lost their jobs in January and February, according to the Indonesian Trade Union Confederation in a media statement on March 15.
Economic Affairs
Indonesia’s stock market plunges while others shine
Analysts suggest a downturn of the Indonesia Stock Exchange Composite index, which gained momentum with a sudden plunge on Tuesday prompting a brief suspension of trade, is driven…
New Sino-Cambodia ‘cold chain’ shipping route launched
The new route was announced on March 15. The following day, Wang Wenbin, Chinese ambassador to Cambodia, took to social media to laud the latest commercial link between the two…
Indonesia’s populist policies lead to weak investor confidence, drag stock market down: Analysts
They said there are doubts about whether the Prabowo administration can sustainably fund populist programmes that have placed a strain on already stretched finances and prompted…
North Korea’s bitcoin reserve thought to be 3rd largest in world: report
Through illicit hacking and theft, the country is now believed to have amassed 13,562 BTC, which is valued at $1.14 billion.
South Korea ramps up efforts to reverse US ‘sensitive country’ label
Key officials have been visiting Washington to seek tariff exemptions and request South Korean businesses not face disadvantages.
China’s economy on track to sustain recovery momentum: National Bureau of Statistics
Officials and economists said the better-than-expected demand and supply performance indicates the economy gained steam in the first two months, setting the stage for robust…
India’s exports decline for 4th month in a row in Feb to US$36.91 billion
Speaking to the media, Commerce Secretary Sunil Barthwal said that although FY25 has been a difficult year, the country is moving towards achieving USD 800 billion in combined…
China has a plan to boost consumption, but will it work?
Boosting consumption is a top economic priority for China in 2025 as the world’s second-largest economy struggles to shake off deflationary pressures while bracing itself for a…
China’s retail sales, investment pick up pace
However, the National Bureau of Statistics warned of challenges from a more complicated external environment and lackluster domestic demand, saying some enterprises still face…