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Vietnam: Indonesia seeks to boost palm oil, paper trade

HANOI — Vietnam’s import of palm oil and paper from Indonesia could experience a year-on-year increase of 38 per cent, Indonesian ambassador to Vietnam Ibnu Hadi said on Wednesday. While addressing a seminar held by the Indonesian Embassy in Vietnam with the aim of linking the two countries’ businesses in the trade of palm oil […]

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Alibaba Eyeing Indonesian Major E-Commerce Company

TEMPO.CO, Jakarta – Alibaba Group Holding Co. is eyeing investment opportunities in Indonesianmajor e-commerce company Tokopedia, according to Strait Times. A source said that the China-based company is currently negotiating to lead a series of US$500 million funding for Tokopedia. A smooth negotiation would see Alibaba joining SoftBank Group and Sequoia Capital as the existing investors of Tokopedia. Alibaba may challenge JD.com that aim to become an investor as well. Both Alibaba and Tokopedia managements have yet to issue a statement on the report. For Alibaba, Tokopedia is the […]

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World Bank: Indonesia needs $500 bn for infrastructure

JAKARTA — World Bank Group President Jim Yong Kim said on Tuesday that Indonesia needs to nearly its double public spending on infrastructure and bring in more private investment to fill an infrastructure gap of $500 billion in the next five years. Mr Kim said Indonesia’s population was growing faster than those in China, India, Vietnam and Thailand, which was putting even more strain […]

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Indonesia: Labors Refuse Plan to Lower Non-taxable Income

TEMPO.CO, Jakarta – Workers who are members of the Indonesian Trade Unions Confederation(KSPI) reject the government’s plan to lower the limit of non-taxable income (PTKP), arguing it will further burden of people with low-income. KSPI President Said Iqbal said in Jakarta, Sunday that the government should focus on taxing more from big taxpayers, especially people and businesses who still owe taxes. He argued further that the low-income workers still have lo purchasing power, […]

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Philippines, Indonesia stocks hit more than 1-wk lows

MANILA — Most Southeast Asian stocks fell on Friday, in line with Asian markets, after the European Central Bank and the Bank of Japan kept rates steady and signalled that they were in no hurry to start unwinding their massive stimulus programmes. Asian markets edged down, with MSCI’s broadest index of Asia-Pacific shares outside Japan, […]

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