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Indonesia’s Foreign Debt Rises 4.8 Percent

TEMPO.CO, Jakarta – Indonesia`s foreign debt annually increased as much as 4.8 percent by the end of October 2017 into US$341.5 billion as it is pushed by rising private and public debts. Foreign debt (ULN) of private sector went up 1.3 percent (year-on-year) on October 2017 adding up to US$168.3 billion. The increase is still the same as […]

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Thailand: DHL to add 1,000 delivery locations

DHL eCommerce Thailand, a division of the logistics firm Deutsche Post DHL Group, will expand its local delivery network to 1,000 locations nationwide by 2018, fuelled by online shopping growth in the country. DHL ServicePoints now cover 200 spots in Bangkok and vicinity. Another 500 locations will be added in the first quarter next year. […]

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Passenger planes of Malaysia's national flag carrier, Malaysian Airline System Bhd (MAS), sit in the tarmac at Kuala Lumpur International Airport in Sepang, outside Kuala Lumpur, Malaysia, Wednesday, Dec. 6, 2006. National carrier Malaysia Airlines will embark on a massive exercise to improve service, match rivals' lowest fares, and revamp its ticketing process to catch up with regional foes Cathay Pacific and Singapore Airlines, its chief executive said Wednesday. (AP Photo/Vincent Thian)
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Malaysia Airlines named leading ASEAN Airline in Indonesia

KUALA LUMPUR, Dec 14: Malaysia Airlines was named the leading ASEAN Airline in Indonesia at the recent 8th Indonesia Travel Tourism Awards (ITTA) 2017/18. Featuring an impressive list of travel brands across the Indonesian tourism industry, the airline was among 160 nominees across 50 categories. Receiving the award on behalf of Malaysia Airlines was Regional Manager […]

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World Bank hikes 2017 growth forecast for Philippines

MANILA, Philippines — After the Philippine economy grew faster than expected in the third quarter, the World Bank has upwardly revised its 2017 growth projection for the country to 6.7 percent. In a statement issued on Friday, the Washington-based multilateral lender said it upgraded its economic growth forecast for the Philippines from the previous estimate of […]

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Indonesia needs to focus on upper-middle-income taxpayers

The World Bank (WB) has said  newly appointed Director General of Taxation Robert Pakpahan, who assumed office on Dec. 1, needs to create programs to draw more taxpayers in trying to boost the country’s tax revenue. Speaking during the launch of the World Bank’s December edition of the Indonesia Economic Quarterly, WB Indonesia lead economist Frederico Gil […]

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