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economic-recovery

Asian markets mixed as inflation spectre hangs

Business 5 years ago

Asian markets mixed as inflation spectre hangs

While Wall Street provided a positive lead with all three main indexes posting healthy gains, there is a reluctance on trading floors to push a year-long rally any further, while a stuttering vaccine rollout and new lockdowns in Europe are adding to the angst.

'Markets be damned!': Fed standing firm on inflation fears

Business 5 years ago

'Markets be damned!': Fed standing firm on inflation fears

In the balance between allowing faster growth -- and rising prices -- in order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell's message has been clear: he wants to see more people back to work.

Govt extends electricity relief to June but halves discounts

Business 5 years ago

PREMIUM
Govt extends electricity relief to June but halves discounts

The change will reduce electricity relief spending by 50 percent qtq to Rp 2.3 trillion in the April-June period even though the number of recipients has risen by 0.8 percent to 33.9 million over the same period.

Property market sees recovery in Vietnam

Business 5 years ago

Property market sees recovery in Vietnam

In the fourth quarter of 2020, most businesses in the real estate sector started operating again.

Bank Indonesia trims rate to record low to spur economic recovery

Business 5 years ago

PREMIUM
Bank Indonesia trims rate to record low to spur economic recovery

Bank Indonesia (BI) has cut its benchmark interest rate for the sixth time since COVID-19 struck Indonesia, bringing it to a record low.

Indonesia targets over $372 billion in investment to speed up recovery

Business 5 years ago

PREMIUM
Indonesia targets over $372 billion in investment to speed up recovery

At least 85 percent of the investment is expected to come from the private sector.

Indonesia eyes 6 percent growth in non-oil and gas exports after turbulent year

Business 5 years ago

PREMIUM
Indonesia eyes 6 percent growth in non-oil and gas exports after turbulent year

Trade Minister Muhamad Lutfi said the growth target was based on the projected path of Indonesia’s economic recovery this year.

Japan's December factory output extends declines as recovery stalls

Business 5 years ago

Japan's December factory output extends declines as recovery stalls

Japan’s industrial output extended declines in December as factories struggled with a hit to demand from expanded COVID-19 lockdown measures globally, suggesting the economic recovery was teetering.

Fed's Powell warns economic outlook still 'highly uncertain'

Business 5 years ago

Fed's Powell warns economic outlook still 'highly uncertain'

The FOMC again pledged to keep the benchmark lending rate low until the economy achieves "full employment," in keeping with the Fed's new policy stance.

Recent pandemic developments ‘worrying’: Business association

Business 5 years ago

PREMIUM
Recent pandemic developments ‘worrying’: Business association

The government has extended tighter mobility restrictions until Feb. 8 for regions of Java and Bali with overwhelmed healthcare facilities.

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