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Full-year GDP target of 5.3% to 6.3% achievable
Finance Minister Tengku Zafrul says the country’s growth is on a firmer footing based on higher domestic and external demand among others.
Indonesia's trade surplus seen narrowing in April
Indonesia likely registered a smaller trade surplus in April compared with March, as the value of exports was squeezed by a dip in commodity prices and due to higher imports over the Muslim fasting month of Ramadan, a Reuters poll showed.
Service sector activity expands for the first time
TOKYO: Japan’s service sector activity expanded for the first time in four months in April, as consumer sentiment recovered after the government lifted coronavirus curbs following a decline in domestic Omicron infections.
Increasing import prices cost Indonesian manufacturing dearly
JAKARTA (The Jakarta Post/Asia News Network): The Ukraine invasion and the economic sanctions against Russia are putting Indonesian manufacturers in a tight spot, as increasing import costs eat into profit margins.
Asean News Headlines at 9pm on Sunday (May 8, 2022)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Sunday (May 8, 2022)
Indonesia ranks third in Asean on manufacturing PMI uptick
The mood of the local manufacturing industry has improved slightly over the past month to rise above most other Asean countries, a report that has been released shows.
Coronavirus: Beijing outbreak ramps up pressure on China’s economic momentum
China’s economy is expected to take a further hit as authorities in Beijing rush to contain a coronavirus outbreak with mass testing and tough restrictions that have left streets and shops empty in the capital during the five-day Labour Day holiday.
Indonesia's annual economic growth likely to hold steady in Q1, says Reuters
Indonesia's annual economic growth likely remained steady in the first quarter as commodities exports partly offset weak consumer spending due to mobility curbs imposed to stop the spread of the Omicron coronavirus variant, a Reuters poll found.
Manufacturing sector returns to expansion
KUALA LUMPUR: Operating conditions across the Asean manufacturing sector improved solidly in April, with Malaysian manufacturers signalling a return to expansion territory as new order growth hits an eight-year high.
Services activity falls at second sharpest rate
BEIJING: China’s services sector activity contracted at the second-steepest rate on record in April, as Covid curbs halted the industry, leading to sharper reductions in new business and employment, a private-sector survey showed yesterday.
