The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.
As the world contemplates the savage impact of the COVID-19 pandemic on the global economy, there's a need to deepen global cooperation to emerge from the slump caused by the lockdowns and other measures to contain the novel coronavirus.
The Indonesian government is preparing 89 new National Strategic Projects (NSP) worth a total 1,422 trillion rupiah (94.8 billion USD) throughout 2020 – 2024, a senior minister said.
Speakers from India, Vietnam, Thailand, Malaysia and Laos discussed trade and geopolitical connectivity between Indian and ASEAN at a recent video conference, during which they said that the two sides have stayed closed in numerous fields.
The price of Thai rice is higher than that of competitors due to limited supply and the strengthening of the baht, which could hurt exports, the Thai Rice Exporters Association (TREA) said.
Thailand’s economy has been kept above water by government expenditure in the first four months of the year as the tourism industry has been halted and exports have dropped sharply.
While competition between the US and China rages, it is unclear if Southeast Asia’s leadership can pursue policies that draw maximum benefit from both sides while ensuring their independence remains intact. The existing tensions between Washington and Beijing mean that leaders in Southeast Asia will struggle to find a position that pleases both partners.
Tourist destinations across Cambodia welcomed nearly 400,000 visitors during the first three weeks of May, said the country’s Minister of Tourism Thong Khon.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
