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View all search resultsThe World Bank has revised its estimated rate of Indonesian economic growth down to 5.2 percent in its April edition of the East Asia and Pacific Economic Update report, compared to the 5.3 percent set in the January edition of the Indonesia Economic Quarterly.
CIMB Niaga Syariah, a sharia unit of private lender CIMB Niaga, has set an optimistic growth target for its financing disbursement this year by boosting its mortgage and Syariah Gold Card, a service similar to the credit card facility offered by CIMB Niaga.
Effective spending along with reform in fiscal policy and the investment climate will help Indonesia grow its economy by 5.3 percent this year, according to a new World Bank report. The estimation is higher than the government's estimate of 5.1 percent.
The International Monetary Fund on Monday raised its forecast for the US economy over the next two years, saying President-elect Donald Trump's policies should boost economic growth, particularly in 2018. But officials warned that if Trump's protectionist trade proposals set off a trade war, that could be "quite destructive" for the global economy.
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