TEMPO.CO, Jakarta – The Japan International Cooperation Agency (JICA) offers a fast train concept between Jakarta and Surabaya with a train that runs 120 kilometers per hour. The offer was delivered by the Japanese government’s delegation received by President Joko Widodo at the Presidential Palace in Jakarta, yesterday. Transportation Minister Budi Karya Sumadi said the Indonesian government […]
Read More[SINGAPORE] While Japan had the biggest slump in its workforce in Asia over the last 10 years, Singapore has the most to fear from an aging population over the next two decades. The city state will face a double whammy: a shrinking workforce and slower progress than Asian neighbors in getting more people into the labour market. According […]
Read MoreAlthough the Thai government and several organisations are optimistic about Thai exports, the Thai National Shippers’ Council (TNSC) remains pessimistic and is keeping its annual export growth outlook unchanged at 5%, saying several potential hiccups could disrupt exports before the year’s end. Exporters are still concerned about uncontrollable factors that could hurt shipments, particularly the […]
Read MoreA draft bill would waive capital gains and corporate income taxes for venture capital and angel investors in a bid to spur interest in local startups. The bill will go before the cabinet this year, said Chinawut Chinaprayoon, director for new ventures at the National Science Technology and Innovation Policy Office. The tax incentives are […]
Read MoreTEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said the national pharmaceutical industry continues to show positive performances. According to Airlangga, the market value of Indonesia’s pharmaceutical products has reached US$4.7 billion. “It is equivalent to 27 percent of the total market in ASEAN,” Airlangga said in an e-mail yesterday. When attending the 60th anniversary of Bayer’s operations […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Agus Martowardojo asserted the low coreinflation and deflation do not necessarily mean low public purchasing power. Instead, the deflation and low core inflation reflect government’s success in controlling prices. “Core inflation does not necessarily reflect weak purchasing power,” Agus said after a meeting with President Joko Widodo or Jokowi at the […]
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