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Tax amnesty windfall brightens Indonesia’s S&P upgrade odds

  Bloomberg After netting more than $10 billion in revenue from its tax amnesty program, Indonesia may be a step closer to winning a much-coveted investment grade from S&P Global Ratings. The nine-month amnesty drive, which ended on Friday, led citizens to declare 4,866 trillion rupiah ($365 billion) of assets hidden from tax authorities. The success may help Southeast Asia’s ...

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Correcting America’s ‘ailing’ health system

  Here’s a radical idea for reframing the health care debate on the ruins of the GOP’s half-baked plan: Let’s listen to doctors, rather than politicians. And let’s begin with a simple formula offered last week by the National Academy of Medicine: “Better health at lower cost.” Better and cheaper. It’s hard to argue with that prescription. Because the real ...

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Singapore takes on China over a surfeit of lemons

  After seeing investors in Singapore duped for years by misbehaving bosses, the city’s stock exchange is taking its fight for justice to mainland China, an exemplar of egregious corporate behavior in the post-Enron world. Singapore Exchange Ltd. said last week that its lawyers in the People’s Republic filed complaints with the authorities against Wu Xinhua, executive chairman and CEO ...

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