Ahead of the 48th ASEAN Summit scheduled for May 8, ASEAN Foreign and Economic Ministers convened a joint meeting on May 7,
Category: Economy
Indonesia to maintain coal reliance amid energy security push
“I have decided, let’s go with coal. This is survival mode,” declared Indonesia’s Energy and Mineral Resources Minister, Bahlil Lahadalia, during his keynote speech at the Bogor Agricultural University Alumni Forum in Jakarta on 2 May.
Myanmar President inspects Yangon urban development, orders proper town planning
On May 2, President of the Republic of the Union of Myanmar, Min Aung Hlaing, inspected urban development activities and sanitation progress along the No. 5 Highway in Hlinethaya Township, Yangon Region.
Cambodia to cut textile import reliance by 2027
Cambodia’s Labour and Vocational Training Minister, Heng Sour, expressed confidence that the country will achieve textile independence by 2027.
Why Indonesia Needs a Developmental State to Reach Vision 2045
Indonesia’s Golden Vision 2045 is one of the most consequential national projects in Indonesia. It promises stronger human capital, world-class infrastructure, wider prosperity and greater welfare for more than 280 million citizens.
The Persistence of Indonesia’s “Zombie” Mining Sector
The persistence of “zombie” mining refers to entities that are legally revoked but remain operational. Every year, an estimated 3.5 trillion Indonesian rupiah (201.7 million USD) in state revenue is lost within Indonesia’s mining sector.
Cambodia ends April with sixth fuel price rise
Phnom Penh ends April with a fuel price surge. Effective April 29, petrol (Gasoline 92) is priced at 5,510 Cambodian riels (1.37 US dollars) per litre, while diesel (Gasoil 10 parts per million (ppm)) costs 5,650 Cambodian riels (1.41 US dollars) per litre.
Indonesia’s Economic Growth Story Has a Trust Gap
On paper, Indonesia is Southeast Asia’s “unbreakable” economy. Growth holds steady at around 5%, domestic consumption remains resilient and foreign investment continues to flow despite a tightening global environment.
Indonesia to cover airfare VAT as jet fuel price surge
Coordinating Minister for Economic Affairs, Airlangga Hartanto, held a press conference on 25 April to discuss the sustainability of the national airline industry amid rising aviation fuel costs.
Blaze engulfs Myanmar’s Homalin Township oil terminal, 22 vessels destroyed
On April 20, a blaze broke out from an oil terminal in Homalin Township at Myanmar’s northwestern Sagaing district—one of the country’s busiest trading hubs.