Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending.
Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending (Source: Reuters)
Hanoi (VNA) – 💦Indonesia’s economy has slowed down slightlyin the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weakerexports, and household spending.
Data released by the Statistics Indonesia (BPS) on November 5 showedthat the country’s gross domestic product (GDP) during the July-September periodexpanded by 5.17 percent compared to the previous year’s period, slightly higherthan the 5.15 percent expected in a Reuters’ poll. Meanwhile, the preceding April-Juneperiod had the fastest quarter growth rate since 2013.
ꦫ The slowdown was largely due to softer household consumption inthe third quarter and a negative contribution from foreign trade. Although theexpansion was a notch faster than expected, economists warn the growth mayweaken further.
Fakhrul Fulvian, chief economist of Jakarta-based TrimegahSecurities, said that the growth of the global economy, and Indonesia inparticular, will tend towards a slower pace in the near future due the impactof a weakening rupiah. He expects Indonesia’s GDP to grow 5.13 percent in 2018and 5 percent in 2019. The rupiah is down around 9 percent this year, making it thesecond worst performing currency among emerging Asian markets. Though a weaker currency has not stoked inflation, Indonesia’scentral bank has raised interest rates five times since May to slow capitaloutflows, in a measure analysts say could dampen domestic demand. Alex Holmes, Capital Economics analyst for emerging Asia, alsopredicted that Indonesian growth will probably stay at around 5 percent overthe next couple of years. While the Indonesian Government’s official GDP growth targetthis year is 5.4 percent, Finance Minister Sri Mulyani Indrawati last monthtold parliament that the growth for 2018 was more likely to be 5.14 percent.-VNA
The fourth Industrial Revolution (Industry 4.0), is expected to make Indonesia one of the top 10 economies in the world in 2030, stated Industry Minister Airlangga Hartarto.
Indonesia's Corruption Eradication Commission (KPK) on October 18 raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the firm's 21 billion-USD Meikarta property project.
President Joko Widodo affirmed his resolve to turn Indonesia into a maritime power in the world while delivering an opening speech at the 2018 Our Ocean Conference (OOC) on October 29.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
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.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
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.
Indonesia’s economy has slowed down slightly in the third quarter of 2018, lower than the previous quarter’s growth due to capital outflows, weaker exports, and household spending (Source: Reuters) 
