The great car parking swindle

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Best of the best

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The law unto himself

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A night on the Midtown

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Comment: shedding light on the A13

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Unhappy union

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Gojek, Grab prices now included in inflation calculation as they ‘grow significantly’

first_imgStatistics Indonesia (BPS) has started to include prices of services provided by ride-hailing startups Gojek and Grab, among other new components, in the country’s inflation calculation.BPS head Suhariyanto said on Monday that the agency incorporated the new price components into the country’s consumer price index (CPI) because of their significant economic sizes.”There are 98 new commodities, such as cellphone accessories and Grab and Gojek prices [that are incorporated in the CPI],” said Suhariyanto. “These components are growing significantly and have substantial economic activities.” In addition to the new components, the BPS also changed the CPI base year to 2018 from 2012.Therefore, January’s inflation figure cannot be compared with December’s inflation rate of 2.72 percent since it was not “an apple-to-apple comparison”, Suhariyanto added.”But it did not significantly affect this year’s inflation rate compared to the previous years,” he stated.Indonesia recorded annual inflation of 2.68 percent in January as chili, fish and tobacco prices increased. In January 2019, inflation was 0.32 percent.Bank Indonesia has aimed for inflation to be between 2 and 4 percent this year while the government targets a CPI of 3.1 percent in its 2020 state budget. Topics :last_img read more

Govt’s inclusive approach to tackle inequality amid slowdown: Sri Mulyani

first_imgThe government has allocated large funds to finance social assistance programs as part of its inclusive growth policy, including the non-cash assistance program, the national health insurance scheme and educational scholarships for poor families. It has also increased the budget allocation for the village funds program that aims to empower rural economies.“The state budget for 2020 is similar to the 2019 [budget]. The theme is to maintain the growth momentum and improve economic fundamentals,” Sri Mulyani said.The government had also laid out a comprehensive program to revive the economy through deregulatory measures to remove barriers to investment, as well as fiscal incentives to help businesses cope with the sluggish growth.The minister stressed that Indonesia remained ahead of many other countries with its economic growth of about 5 percent. (ydp)Topics : “Global and domestic growth have fallen to their lowest levels in the last 10 years,” she said.The World Bank slightly lowered its global growth forecast for 2019 and 2020 in early January, despite the easing trade tensions between the United States and China.In the latest edition of its annual Global Economic Prospects, the bank lowered its global forecast by 0.2 percentage point to 2.4 percent for 2019 and 2.5 percent for 2020.Indonesia recorded growth of 5.02 percent in the third quarter of 2019, the lowest in more than two years amid the slowdown in the global economy. The government will continue to promote inclusive and sustainable economic growth in its development agenda to mitigate the impact of the global slowdown and to reduce economic inequality, Finance Minister Sri Mulyani Indrawati said during a public lecture.Addressing students at the campus of the University of Indonesia in Salemba, Jakarta on Monday, the former World Bank Group managing director said the development goals were reflected in the state budget, which focused on infrastructure development as well as rural development and social assistance programs for the poor and others in need.Sri Mulyani said that the inclusive development approach would help mitigate the impacts of sluggish economic growth, especially on the poor.last_img read more

PREMIUMConcerns of cover up grow after KPK dismisses officials probing KPU bribery case

first_imgLinkedin LOG INDon’t have an account? Register here The Corruption Eradication Commission (KPK) is once again under the spotlight after two officials leading an investigation into a corruption case implicating the ruling Indonesian Democratic Party of Struggle (PDI-P) were dismissed.In a move that may cripple the investigation into alleged bribery implicating PDI-P politician Harun Masiku, Rossa Purbo Bekti, a police officer who had been stationed at the antigraft agency and involved in the arrests of suspects in the case, has been dismissed from the KPK and returned to the National Police.The KPK and the National Police were reportedly at odds over the grounds for his dismissal, resulting in Rossa being barred from entering the KPK building in Kuningan, South Jakarta, while also not holding a position at the police headquarters. He has also reportedly not received his salary. &nbs… Google Log in with your social account KPK Firli-Bahuri Jokowi-second-term National-Police AGO Rossa-Purbo-Bekti Yadyn-Palebangan Facebook Topics : Forgot Password ?last_img read more

South Korea reports lowest new infections for a week

first_imgSouth Korea reported its lowest number of new novel coronavirus cases for a week Wednesday, as the government proposed a near-$10 billion additional budget to try to address the epidemic’s impact.Seoul announced 435 new cases Wednesday, far below Tuesday’s rise of 851 — when President Moon Jae-in declared “war” on the virus — and its lowest increase since February 26. The South’s total, which is already the largest in the world outside China, reached 5,621, and the Korea Centers for Disease Control and Prevention said four more people had died, taking the toll to 32. South Korea has seen a rapid rise in infections in recent days as authorities carry out checks on more than 260,000 people associated with the Shincheonji Church of Jesus, a religious sect often condemned as a cult that is now linked to more than half the cases.Over 4,000 cases have now been confirmed in southern city of Daegu — where the outbreak among Shincheonji members began with a 61-year-old woman, who developed symptoms on February 10 and attended at least four worship services in the city.Authorities are looking to secure places in hospitals or other care facilities for some 2,300 Daegu patients still in self-quarantine at home — some of them with severe symptoms, others with either mild ones or none at all — vice health minister Kim Gang-lip told reporters.Scores of events in the country — from K-pop concerts to sports seasons — have been cancelled or postponed over the contagion, with school and kindergarten breaks extended by three weeks nationwide.All daycare centers are also closed until Sunday, and the government is contemplating whether to keep them closed for longer.”I urge you to refrain from all possible meetings and outings,” said KCDC director Jung Eun-kyeong. “We recommend that each institution or company actively work online or work from home.”The central bank has warned of a contraction in the first quarter for the world’s 12th-largest economy, noting the epidemic will hit both consumption and exports. The government proposed an extra budget of 11.7 trillion won (US$9.9 billion) on Wednesday to improve the country’s infectious disease prevention system and support small- and medium-size businesses.It is part of a 30-trillion-won package Moon announced Tuesday to address the “grave” situation brought on by the outbreak.Moon cancelled his trip to the United Arab Emirates, Egypt and Turkey scheduled for later this month to focus on containing the epidemic, his office said. Turkey is one of more than 30 countries that have issued entry bans on arrivals from South Korea in the wake of the virus outbreak.center_img Topics :last_img read more