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Indonesia has room to cut rates further

Bloomberg Indonesia has a raft of stimulus options available to bolster Southeast Asia’s biggest economy if global conditions worsen, Finance Minister Sri Mulyani Indrawati said. The government is prepared to boost spending and “re-activate” measures used during the global financial crisis if domestic growth needs a boost, Indrawati said on Tuesday in an interview in Jakarta. The administration could both ...

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Pakistan’s fiscal deficit widens to 8.9% of GDP

Bloomberg Pakistan’s budget deficit rose to the highest in almost three decades, ahead of the International Monetary Fund’s (IMF) first quarterly review of a bailout program that sought to curtail a fiscal blowout. The deficit increased to 8.9% of the nation’s gross domestic product in the year ended June compared with 6.6% a year earlier, according to provisional numbers released ...

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Thailand aims to be power-trading hub

Bloomberg Thailand is jump starting a decades-old plan to create a Southeast Asia electricity super-grid, and wants to be the power-trading hub at the center of it. The nation is set to triple the amount of electricity from Laos that it resells to Malaysia, while encouraging infrastructure upgrades stretching from Cambodia to Myanmar necessary for cross-border power trading, said Wattanapong ...

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