On 12 May, Indonesia’s Finance Minister Purbaya Yudhi Sadewa confirmed that the government would enter the bond market the following day to assist Bank Indonesia (central bank) in stabilising the exchange rate.
Category: Economy
Hanoi to launch HalalViet Centre, eyeing global halal supply chain
Vietnam is set to debut the HalalViet Promotion and Experience Centre on May 15 in Hanoi. Organised by the Vietnam Institute of Strategy and Policy for Industry and Trade (VIOIT) under the Ministry of Industry and Trade, the launch will serve as a platform for business networking and Halal cultural experiences.
Malaysia to restrict EV imports from July 2026
Malaysia will curb electric vehicle (EV) imports starting July 2026 to protect local carmakers, declared the Ministry of Investment, Trade and Industry (MITI) in a statement on May 6.
ASEAN Foreign and Economic Ministers hold joint meeting ahead of main summit
Ahead of the 48th ASEAN Summit scheduled for May 8, ASEAN Foreign and Economic Ministers convened a joint meeting on May 7,
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.