Still rotten at the top of graft-ridden Indonesia

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JAKARTA – Indonesians have been given yet another reminder that corruption remains a drag on the country’s economy with a Supreme Court justice and the gambling-addicted governor of Papua under investigation for allegedly taking bribes and stealing from the public purse. Transparency International’s 2021 Corruption Perception Index ranks Indonesia 96th out of 180 ranked countries, a […]

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7,400 tickets issued for smoking in prohibited areas in first half of 2022; enforcement action at newly banned sites to begin Oct 1

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SINGAPORE: About 7,400 tickets were issued for smoking in prohibited areas in the first of half of 2022, as enforcement actions against those smoking at newly banned places are set to begin from Saturday (Oct 1). In 2021, more than 13,000 tickets were issued for smoking in prohibited areas. At the time,Continue Reading

The Fed in a floating world

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The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]

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Asia tech ‘godfathers’ to decide US chips fate

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The importance of semiconductors to economic security adorned newspaper headlines in 2022. As part of its technological competition with China, the United States has introduced a policy of “friendshoring” its semiconductor production to secure its supply of high-end chips that enable daily life and stock the inventory of major technology firms such as Apple. The […]

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