Indonesia’s July inflation jumps to 7-year high

JAKARTA: Indonesia’s inflation accelerated to the highest in seven years at four. 94 per cent in July, more than anticipated and well over the central bank’s target range, but core inflation continued to be within target, established data showed on Monday (Aug 1). The July inflation rate was the highestContinue Reading

Hong Kong’s online retail market has become too crowded for ecommerce giant Alibaba, which is closing its local Tmall site

Alibaba will shut down functions of Tmall Hong Kong on Oct 31, as the company sharpens its focus on cross-border ecommerce opportunities. That move comes as no surprise, according to analysts, mainly because Hongkongers have plenty of online shopping platforms to choose from. Look over full story Continue Reading

Indonesian court rejects call to legalise medicinal marijuana

JAKARTA: Indonesia’s Constitutional Court on Wednesday (Jul 20) rejected a judicial review of the state’s narcotics law that will have paved the way meant for legalising marijuana designed for medicinal use, a panel of nine judges ruled. Three moms of children with cerebral palsy backed by civil society companies hadContinue Reading