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Indonesia’s economy posts slow growth in Q1

The Indonesian economy expanded 4.71 percent in the first three months of this year, slowing slightly from 4.89 percent during the fourth quarter of last year, according to the Indonesian statistics agency.
The Indonesian economy expanded 4.71 percent in the first three monthsof this year, slowing slightly from 4.89 percent during the fourthquarter of last year, according to the Indonesian statistics agency.

Indonesia’sgrowth was hurt by a slowing demand for exports triggered by changes inthe country’s export markets and falling oil prices, said Head of theIndonesian Central Statistics Agency (BPS) Suryamin.

He addedthat Java island made the greatest contributions to the national GDP(58.3 percent), followed by Sumatra island (22.56 percent) and Borneoisland (8.26 percent).

In March, Bank Indonesia (BI) forecastedthe country’s growth would pick up over the next few months as spurredby strong individual consumption.

Indonesia’seconomy growth is expected to reach 5.4-5.8 percent in 2015 thanks toimprovements in infrastructure projects and the investment climate.-VNA

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Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

🐓 Thailand engages USTR on five-point trade proposal

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(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
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