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Indonesia’s unicorn charge makes the rupiah tremble

Indonesia’s booming e-commerce industry is churning out unicorns such as Tokopedia PT and Bukalapak.com. It’s also creating a headache for the government and the rupiah. Authorities are trying to capitalise on this fast-growing cash cow by taxing e-commerce transactions. Starting April, online retailers will need to collect, deposit and report income and value-added taxes. Small and medium-size businesses must pay ...

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Traders indulge in some wishful Brexit thinking

The UK Parliament has inflicted the biggest-ever defeat on a sitting government in the country’s modern history. It has pretty much shredded the only deal agreed by Brussels and London for a Brexit on amicable terms. The deadline of Article 50 (the two-year withdrawal process) draws near, and there’s still no solution beyond the dread prospect of the UK automatically ...

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If all vehicles go electric, that’s just a first step

Many of the headlines coming out of Detroit during the North American International Auto Show will be about electric vehicles – from new electric concept vehicles from Nissan and Infiniti to an emerging partnership between Ford and VW on electric and autonomous vehicles. By all means, environmentalists and others should celebrate progress in bringing more EVs to market. But they ...

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