JAKARTA - In a research note on the outcome of Indonesia's general election the French banking group, Natixis, said it believes the re-election of Jokowi would allow him to finish what he started - increasing infrastructure supply - with 245 on-going and planned national projects to build roads, railways, seaports and refineries which amount to 31% of GDP or US$304 billion. "And if he is able to do so, Indonesia will go beyond the 5% growth range," the note says.
ATI Newswire - the latest updates
SINGAPORE - There are further signs that the current growth slowdown in Asia may be close to a trough, ANZ Bank says in a research note. "China's Q1 GDP growth has beat expectations but more importantly, the activity indicators for March showed improving momentum," it says.
SEOUL - The Bank of Korea (BoK) maintained its policy rate at 1.75% today, but lowered its growth and inflation forecasts for 2019 on the back of disappointing activity and inflation data in Q1.
BEIJING - China's State Council General Office has published a document to promote development of the elderly care industry, seeking to address hurdles that elderly care service providers face.