Trade War: US, China Reach ‘Historic and Enforceable’ Phase One Deal
Source: South China Morning Post, December 13 2019 China and the United States have made a breakthrough in trade negotiations, with a consensus agreement reached for a phase one deal that will halt further tariff increases and lower some already in place, vice-minister of commerce…
Game of Thrones Between the US and China Will Have Significant Impact on Indonesia
Editor: Shoeb Z Kagda The global economy is entering a period of great geo-political, technological and economic disruption; there is great churn in the world. The political discord in the US is reverberating around the world; while China is undergoing a fundamental economic restructuring, noted…
Indonesia’s GDP grows 5.02 Percent in Q3, Slowest in Over Two Years
Source: Jakarta Post, November 5, 2019 Indonesia’s economic growth reached 5.02 percent in the third quarter, the lowest level in more than two years, with investment failing to contribute to the economy, which has been hit by a global economic slowdown driven by the trade war…
Trump Announces Partial Trade Deal with China, Lifting Hopes that Tensions Could Ease
Source: Washington Post, October 12 2019 By David J. Lynch President Trump said Friday that the United States and China have “agreed in principle” on a preliminary trade deal, marking the first tangible achievement in their 18-month trade war while leaving all of the toughest issues…
Indonesia to Relax Rules, Launch More Special Economic Zones to Attract Investment
Source: Reuters, October 10 2019 JAKARTA (Reuters) – Indonesia will expand and simplify tax incentives it offers for investment in special economic zones (SEZs) and develop more such areas, aiming to attract over $50 billion investment into those zones in the next decade, a senior…
Trade War: Indonesia is Not Among China’s Choices for its Industrial Relocation
Source: Kompas, October 7 2019 Writer: Akhdi Martin Pratama, Editor: Bambang Priyo Jatmiko JAKARTA, KOMPAS.com – Indonesia is said to be the only country in ASEAN to have lost its chance in taking advantage of the trade war’s effects between the United States and China. Many…
China Narrows Scope for Trade Deal With U.S. Ahead of Talks
Source: BloombergQuint, October 7 2019 By Shawn Donnan and Jenny Leonard Chinese officials suggest a broad pact is off the table U.S. president still insists any deal has to be “100% for us” (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in…
China Trade Talks set to Resume Oct. 10
Source: CNBC, September 26 2019, 5:10 PM EDT KEY POINTS Trade talks between the U.S. and China are set to resume Oct. 10-11 in Washington, D.C., three people close to the talks told CNBC on Thursday. Chinese Vice Premier Liu He will be representing the delegation…
Uncertainty of the Trade War — Not Tariffs — is Slowing Global Growth, says Former Fed Official
Source: CNBC, September 19 2019 KEY POINTS “One of the things actually weighing on the U.S. economy as well as the world economy really is the uncertainty regarding these trade tensions, it’s very difficult to know what the end game is,” former U.S. Deputy Treasury…
Opportunities for Indonesia’s Services Sector: The Time is Now
In the previous interview, Tom Lembong shared about how the services sector serves as an engine for growth for Indonesia in the wake global competitiveness. He goes on to expand on those points here with specific illustrations. IEF: You have been, I think, one of…