Weststar, Rocket Technologies International Collaboration To Generate Over US$10 Bln Commercial Potential

CANBERRA, July 1 (Bernama) -- The strategic joint venture agreement (JVA) between Weststar Group and Australia's Rocket Technologies International Pty Ltd is expected to contribute significantly to bilateral trade and economic growth between Malaysia and Australia, with long-term commercial potential estimated at over US$10 billion (US$1 = RM4.08) through future aerospace, defence, satellite, and advanced technology programmes. 

Higher BI-Rate, Fuel Price Hike Test Indonesia's Economic Balancing Act

By Nik Nurfaqih Nik Wil

JAKARTA, June 13 (Bernama) -- Indonesia's decision to raise the BI-Rate and increase non-subsidised fuel prices within days highlights the government's effort to support the rupiah and ease fiscal pressures, although the measures are expected to add pressure on households and businesses, analysts say.