Google Inc. and Temasek Holdings Pte released joint research that signals Southeast Asia's digital economy (which includes e-commerce, online games, advertising and other economic activities related to the Internet) will surge to USD $200 billion by 2025. Indonesia's digital market will account for 40.5 percent - or USD $81 billion - of this total market. With an estimated USD $46 billion, Indonesia's e-commerce sector will contribute most to the total.

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On 28 August 2016, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website over the last seven days. Most of the topics involve economy-related topics such as Indonesia's 13th economic policy package, an update on the tax amnesty program, US monetary policy, the tobacco and cement industries, the Palapa Ring project, and more.

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After the speech of Federal Reserve Chair Janet Yellen at an annual meeting of central bankers in Jackson Hole (Wyoming) on Friday (26/08), speculation about a looming Fed Funds Rate hike has risen. In her speech Yellen said the case for higher US interest rates has strengthened in recent months due to the nation's economic growth and stronger jobs market. Meanwhile, Federal Reserve Vice Chairman Stanley Fischer said a US interest rate hike could come as early as September 2016.

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Indonesia's business community rejects the proposal of the House of Representatives (DPR) to impose mandatory corporate social responsibility (CSR) programs on Indonesian companies. A proposal that is being discussed among the DPR stipulates that companies need to allocate about 2 - 3 percent of their annual spending for their CSR programs. Hariyadi Sukamdani, Chairman of the Indonesian Employers Association (Apindo), informed that Indonesian employers generally reject the proposal. Instead the government should focus on improving companies' tax compliance (which remains very low).

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