ECONOMIC AFFAIRSAsia News Network

Covid-19 expedites deindustrialization in Indonesia

The share of manufacturing in the country’s GDP in 2015 prices shrank to 20.08% in 2020 from 20.26% a year earlier.

Cambodia in 2021 harvested in nearly 860,000 tonnes of fisheries products, with a total value of $1.7 billion.

Exports of gems and jewellery, excluding gold, in Dec 2021 were worth US$587.16 million, up 29.33 per cent year on year.

He also said millions of jobs were lost, while per capita income and expenditure declined over the past two years.

President Joko Widodo inaugurated on Feb 4, 2021, the first of five sections of the 131-kilometer Binjai-Langsa toll road.

Nowadays, imported goods are no longer exclusive to residents in first- and second-tier cities, as disposable incomes go up.

He vowed the upcoming 2022-23 Budget will have measures to deal with the short and medium-term economic situations.

Economists expect the consumer price index to trend higher in the first few months of the year before easing later on.

The Vietnamese stock market after Tet has inched up five times in six years during the 2016-2021 period, and only declined in 2020.

The US remained the largest importer of Vietnamese leather, footwear and bag products with a turnover of over $8.76 billion.