Friday, July 10, 2020
Bank Indonesia (BI) predicts that the inflation rate will return to normal in February 2015 after it increased following the subsidized-fuel price hike in November. “Month-to-month inflation will return to its normal pattern in February 2015,” BI spokesman Hendra said as quoted by Antara news agencyin Jakarta on Thursday. According to Central...
Indonesia's capital girded for a potential turnout of millions of protesters asking for a bigger increase in minimum wages in the world’s fourth most-populous nation, a test of President Joko Widodo’s pro-business image. The two-day national protest, starting Dec. 10, will involve four trade union groups, Muhammad Rusdi, a secretary...

MICE industries feel pinch

Industries supporting the meetings, incentives, conferences and exhibitions (MICE) sector are bracing for possible losses in light of the government's decision to reduce lavish state spending and dampen the extravagance of public officials. The hotel industry, for instance, must take swift measures to adopt or risk losing a significant client...
Singaporean companies that have been certified by Singapore Customs can now enjoy faster customs clearance for goods they export to the USA. This follows a mutual recognition agreement between Singapore Customs and the United States Customs and Border Protection (US CBP) on Dec 1 that companies will have their exports...

Rupiah falls to 11-month low

Indonesia’s rupiah fell to the weakest level in almost 11 months as reports showed exports contracted more than forecast and inflation accelerated. Overseas sales dropped 2.21 percent in October from a year earlier, data showed on Monday, compared with the 1.45 percent decline projected in a Bloomberg survey. Imports also...
Hitachi Sunway Information Systems recently released its outlook on the ICT sector in Malaysia, foreseeing rapidly growing business opportunities in ICT infrastructure building presented within the SEA emerging markets such as Vietnam, Cambodia, Indonesia, Myanmar and more in parallel with national developments across borders. The ICT sector will witness accelerated...
In a recent survey about which company most Malaysian would like to work for, Jobstreet found that Petronas topped the list, followed by Shell, Google Malaysia, Maybank and Sime Darby. According to the survey, salary is the prime reason candidates want to work for these companies. The reason is the...
Ebizu Sdn Bhd today announced its latest features for small and medium businesses, hypermarkets and malls to connect their brands to the constantly connected consumer using affordable cloud and mobile technologies. Owners of physical stores in Malaysia now have more ways of connecting with customers via the Ebizu Manager...
International Data Corporation (IDC), a leading ICT market research and advisory firm revealed findings from a recent survey of Malaysian IT security that highlights healthy spend in network security, endpoint security and other basic security solutions, but very limited spend in more sophisticated solutions that represent critical gaps in...
OCBC Bank announced that Dr Cheong Choong Kong will retire as Chairman of its Board of Directors on 31 August 2014. He will be succeeded on 1 September 2014 by Mr Ooi Sang Kuang, the non-executive lead independent director of the Board. Dr Cheong will remain a director of...
Tetra Pak (Malaysia) Sdn Bhd announces the appointment of Brian May as the new Managing Director effective 1st July 2014. May takes over from Gaine Clarke, who has assumed a new role within Tetra Pak. As the new Managing Director, May is responsible for Tetra Pak’s business operations in...
Malaysia’s total IT spending is forecast to grow 11 percent to reach MYR 67.9 billion in 2014. On the other hand, IT spending in the Asia Pacific region is forecast to reach US$746 billion in 2014, up 3 percent from 2013, revised downward from 4.4 percent in the previous...

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