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Singapore households’ inflation expectations inch up to 2.97% in December: SMU survey

INFLATION expectations in Singapore stayed tame as geopolitical uncertainties cooled the euphoria from global economic growth, a survey by the Singapore Management University (SMU) showed on Tuesday. The results ofthe survey last month showed that Singapore households expect the median one-year-ahead headline inflation (or CPI-All Item inflation) to inch up to 2.97 per cent from […]

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Indonesia: BPS starts collecting data on e-commerce

The Central Statistics Agency (BPS) has started to collect data on e-commerce, the results of which will be used to help the government introduce a policy on the industry. Communications and Information Minister Rudiantara said for the initial step, the BPS would focus on the data collection of certain business sectors including transportation, specialty stores, […]

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Bank Indonesia: Foreign Debt Rises USD 347 billion

TEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that Indonesia foreign debt until November 2017 amounted to USD 347.3 billion. The number is a 9.1 percent increase year on year (YoY). Based on borrower group, the public sector experienced a significant increase in foreign debt. Through the Foreign Debt Statistics, the central bank published that the position of the public sector foreign debt […]

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Bank Indonesia Calls on Gojek to Stop QR Code Payment System

TEMPO.CO, Jakarta – App-based ride-hailing service Go-Jek complied with the request of Bank Indonesia to stop the company`s trial of the QR-based electronic payment. “Bank Indonesia has recently asked Go-Pay to end the trial period. We are currently obeying the request,” said Go-Pay Chief of Compliance Officer Budi Gandasoebrata in a press release on Tuesday, January 16. Go-Jek trial tested their […]

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Cambodia: Unions and companies alike unhappy with draft changes to law on worker contracts

Both unionists and private sector representatives are unhappy with draft amendments to Cambodia’s Labour Law, which would overhaul the regulations surrounding worker contracts and guaranteed employee protections. Negotiations between the Ministry of Labour and representatives from employers and unions have been ongoing since the draft amendments were released on December 14. The amendments closely follow […]

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