Indonesia faces struggle to avoid recession: Finance minister

JAKARTA: Indonesia's economic recovery was"very fragile" and could reverse as shown by tax revenue data in July, the country's finance minister said on Tuesday , warning that the economy faced a struggle to avoid a recession.

"We will see if the trend continues in August, whether we can stay in the zone of near 0 per cent and we can continue to guard against falling into recession," she said.From January to July, total state revenue fell 12.4 per cent on year, while total spending rose 1.3 per cent.

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ByteDance investors seek to use stakes to finance TikTok bid: SourcesBEIJING (REUTERS) - ByteDance investors are in talks to use their stakes in the Chinese technology firm to help finance their bid for its popular short-video app TikTok, according to people familiar with the matter.. Read more at straitstimes.com.
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