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Indonesia: More Retail Shops to Close Down, Aprindo Says

TEMPO.CO, Jakarta – Indonesian Retailers Association (Aprindo) deputy chairman Tutum Rahanta stated that there will be more retail shops to close down. “Some of my colleagues have confirmed that they will close down or cut their growth,” Tutum said in Central Jakarta on Saturday (28/10). Tutum explained that businessmen will take efficiency measures if the trend of conventional retail begins to significantly decline. Tutum added that […]

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Indonesia – Pertamina: More than Rp800bn Needed for One-price Fuel Policy

TEMPO.CO, Jakarta – State-owned energy company PT Pertamina Secretary Syahrial Mochtar stated that the fund required to realize one-price fuel policy nationwide reaches Rp800 billion. “It is likely to increase due to the implementation of the policy in Papua,” he said in Yogyakarta on Saturday (28/10). The large amount of fund released by Pertamina, Syahrial continued, is part of the corporation’s job not only to seek profit, but also […]

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Indonesia: Labors Demand US$5 Rise

TEMPO.CO, Jakarta – Jakarta Provincial Executive Board of Indonesian Metal Workers Federation (DPW FSPMI) threatened to deploy thousands of labors to rally in Jakarta city hall on Tuesday (31/10) demanding a rise in provincial minimum wage (UMP). They demanded Jakarta Governor Anies Baswedan to realize his statement on raising Jakarta UMP as much as US$50 equals to Rp650,000. FSPMI also demanded Anies to disregard […]

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Philippines: Infra spending builds up to P391.2 B in 9 months

MANILA, Philippines — The government spent P142.1 billion for infrastructure projects in the third quarter, up 15.4 percent from P123.2 billion in the same period last year, the Department of Budget and Management (DBM) reported yesterday. The amount also exceeded by 3.1 percent the government’s quarterly infrastructure spending program of P137.8 billion. For the first […]

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