Indonesia making big plans for bad times in 2023

JAKARTA – Indonesia may be on safe ground for now, but Finance Minister Sri Mulyani Indrawati is preparing for a worst-case scenario in 2023 by slashing line ministry spending and drawing up contingencies for a now widely-expected global recession. The impact of US Federal Reserve rate hikes, persistent inflationary pressures and a slowdown in global […]Continue Reading

S$1.4b added to Assurance Package to offset GST expenses for households amid rising inflation: Lawrence Wong

SINGAPORE: The Government will spend S$1.4 billion more to offset additional GST expenses for most Singaporean households for at least five years, announced Deputy Prime Minister Lawrence Wong on Monday (Nov 7).  Speaking in Parliament at the second reading of the Goods and Services Tax (Amendment) Bill, Mr Wong saidContinue Reading

China more popular among SE Asia publics than elites

Photo: iStock

Southeast Asian general publics tend to be far more positive about China than their national elites, according to a comparison of existing polls of “elite” opinion and a recently-published survey of 15 Indo-Pacific nations.   Analysts say this could be because ordinary people tend to perceive China primarily through economic lenses, increasing the popularity of the […]Continue Reading

Maxis records solid Q3 performance, delivering growth across all segments

EBITDA increased 3.0% due to continued cost management initiatives
Profit after tax, US$66 mil, 3.1% lower despite solid EBITDA, Maxis continued to deliver growth across all segments, driven by performance of its consumer and enterprise businesses. 
In a statement, the telco said it reported higher service revenue in the third quarter ended Sept…Continue Reading