Indonesia seen as ‘bright spot’ amid global economic gloom
Indonesia has thrived throughout the pandemic, growing at 3.69 per cent in 2021, according to Statistics Indonesia (BPS).
Indonesia has thrived throughout the pandemic, growing at 3.69 per cent in 2021, according to Statistics Indonesia (BPS).
During the country's worst-ever economic crisis, Sri Lankans are buying less, eating less and working less.
Before the war, about a quarter of Indonesia's imported wheat came from Ukraine, whose ports Moscow is now blockading.
The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the US dollar.
The pandemic-induced economic crisis has taught us that solely adjusting policy rates does not serve the goal of economic development.
An expert attributed the projected rollback in local pump prices to the lockdowns in China and interest rate hikes globally.
The latest restriction, till August-end, has been imposed on importing mobile sets that are priced over $300 and motorcycles with capacity over 150cc.
Central banks globally have also been on a tightening spree to fight inflation.
To avoid potential crises and boost growth and productivity, more coordinated international action is urgently needed.
In the medium term, the government will introduce a progressive rating system for domestic properties in 2024-25 to reflect the "affordable users pay" principle.