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Indonesia: Sri Mulyani Predicts 2018 State Budget Deficit at 1.87 Percent

TEMPO.CO, Nusa Dua – Finance Minister Sri Mulyani Indrawati ensures the state budget deficit at the end of 2018 will be around 1.86-1.87 percent of the gross domestic product (GDP). The prediction is lower than the target set in the 2018 State Budget (APBN) which was 2.19 percent. “Now the deficit is still at 1.95 percent. Until year’s end, it is estimated to be 1.86-1.87 percent,” said Sri on Thursday, December 6, during a media meeting in […]

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ASEAN to open markets for regional startups

Ubud, Bali (ANTARA News) – Member countries of the Association of Southeast Asian Nations (ASEAN) are expected to open their markets for startup companies from the region, especially unicorn startups, to boost development of the regional digital economy. “We also discuss ways to open the markets within ASEAN and expand presence of ASEAN unicorns in […]

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Malaysia: AirAsia to set up operations in Vietnam

KUALA LUMPUR (Bernama) – AirAsia and Thien Minh Travel Joint Stock Company (TMG) have signed a Memorandum of Cooperation to set up a low-cost carrier service with local partners in Vietnam, said Group Chief Executive Officer (CEO) Tan Sri Tony Fernandes. He said yesterday’s memorandum reaffirmed the group’s commitment to set up the service in […]

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Thailand: E-commerce players up in arms over tax

The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents.  The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier.  The volume of e-payment transactions in June 2018 totalled 375 […]

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Philippines logistics cost among highest in Southeast Asia

MANILA, Philippines — The Philippines has the highest logistics cost compared to three other Southeast Asian countries, a study undertaken by the Department of Trade and Industry (DTI) and the World Bank showed. The DTI and World Bank’s policy brief, titled “An Assessment of Logistics Performance of Manufacturing Firms in the Philippines,” released during the Logistics Services Philippines Conference and […]

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