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The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
It is estimated that Asia-Pacific will increase by another 30% in the year 2013 putting them ahead by more than one-third of all global e-commerce sales. [ needs update ] The largest online shopping day in the world is Singles Day , with sales just in Alibaba 's sites at US$9.3 billion in 2014.
A ban on sale and advertising tobacco in schools was also enacted, although this would not stop tobacco companies offering sponsorship to schools. [29] However, regulations were not strong enough, leading to a new stricter promulgation for June 2012. Smoking in trains of state company PT Kereta Api Indonesia has been banned as of 1 March 2012. [30]
That would be more than 100 times the number sold in Indonesia in the first half of 2023. It also aims to become an EV production hub, leveraging the country's vast nickel reserves, an important ...
Indonesia's taxations system recognises the economic reality of the majority poorer citizens and the poor are exempt from almost any taxation. The underlying ethic of " gotong-royong "- "neighbourly [sic moral] help" is applied where the more fortunate wealthier are enforced to meet their moral obligation of a heavier burden of tax- regardless ...
On 24 September 2020, Giant Singapore announced that it would be undertaking a rebranding exercise, introducing a new logo and new features to its stores. It will also lower prices of daily essentials by 20% average for six months, following NTUC FairPrice's decision to lower prices in order to support Singaporeans during the COVID-19 pandemic.
Gaikindo Indonesia International Auto Show (GIIAS), the largest auto show in Southeast Asia. The automotive industry in Indonesia plays an important role to the economic growth of the nation, contributing 10.16 per cent of the GDP. [1] Indonesia automotive product exports is currently higher in value than their imports. [2]
Sri Mulyani Indrawati (born 26 August 1962) is an Indonesian economist who currently serves as the Minister of Finance of Indonesia as part of the Onward Indonesia Cabinet. She had served as Minister of Finance in two separate terms; under Susilo Bambang Yudhoyono between 2005–2010 and under Joko Widodo and Prabowo Subianto since 2016.