Is Indonesia attracting global digital investments ahead of India? ANI | Updated: Dec 21, 2020 12:50 IST
By Lee Kah Whye
Singapore, December 21 (ANI): There has been a recent upsurge of interest in the growing digital economy of Southeast Asia s largest economy, Indonesia.
The archipelago nation of Indonesia stretches across four time zones, 17,500 islands and over 5,120 kilometres east to west. It has the world s fourth-largest population and one of the world s fastest-growing middle classes with a GDP of USD 1 trillion, which accounts for one-third of Southeast Asia s economic output.
The size of Indonesia s middle class is estimated by the World Bank to be 52 million people or about 20 per cent of its 270 million population. In comparison, those defined to be in India s middle class is approximately 350 million or 25 per cent of the population which is significantly higher than Indonesia s.
Is Vistara, Singapore airlines proposed cooperation anti-competitive? ANI | Updated: Dec 14, 2020 14:17 IST
By Lee Kah Whye
Singapore, December 14 (ANI): The Competition and Consumer Commission of Singapore (CCCS) on December 8, posted a media release asking for public feedback with regards to a proposed Singapore-India Commercial Cooperation Framework Agreement between Singapore Airlines (SIA) and TATA SIA Airlines Limited, the company that operates Vistara. The two parties entered into this agreement on February 13 this year before the full impact of COVID-19 pandemic was felt by the airlines industry.
The CCCS, which regulates competition in Singapore, received a joint application from SIA and Vistara seeking a decision on their proposed cooperation on November 30. The cooperation includes prorate arrangements and expanded code sharing to grow traffic between India and Singapore as well as between India and certain agreed markets .