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KPPU Concerns of Economic Inequality in Indonesia

TEMPO.CO, Jakarta – Business Competition Supervisory Commission (KPPU) Chairman Syarkawi Rauf admits that the level of economic inequality in Indonesia is in a very worrying state. “The inequality in Indonesia is nearly reaching [the level of disparity in] several African countries,” said Syarkawi today, July 14. According to Syarkawi, this phenomenon can happen because of several reasons. […]

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Singapore Softens Stance in Tax Cooperation

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati assured that the negotiation of tax cooperation between Indonesia and Singapore is running smoothly. The Indonesian government is currently registering the wealth of Indonesian citizens in Singapore. “We are applying the principle that is mentioned in the Base Erosion and Profit Shifting (BEPS),” said Sri Mulyani on Thursday, July 13. BEPS was formed as a […]

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Lao economy remain fastest growing in region: report

Lao economy is set to remain one of the fastest growing in the region in coming years as long as the global economic recovery remains on track, local daily Vientiane Times reported Thursday. The World Bank projected the Lao economy to expand at around 7 percent in 2017-19, while the International Monetary Fund (IMF) has […]

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Singapore: Services growth picks up pace in Q2 at 1.7% y-o-y, manufacturing leads at 8%

GROWTH in Singapore’s services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace. Advance estimates released by the city-state’s Ministry of Trade and Industry on Friday morning showed that the services sector – which accounts for a major proportion of […]

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