Indonesia Ratifies Flight Information Region Agreement

Singapore MFA Welcomes Ratification of Indonesia Flight Information Region Agreement

Indonesia Ratifies Flight Information Region Agreement and Singapore MFA Welcomes This News Singapore MFA (Ministry of Foreign Affairs) is pleased with Indonesia’s ratification of its Realignment of Boundary Agreement. The agreement takes place between the Jakarta Flight Information Region (FIR) and Singapore FIR. The agreement was signed between Singapore and Indonesia in January. Under the…

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Indonesia and Singapore to Explore Cross-Border QR Code Payment Connectivity

Indonesia and Singapore to Explore Cross-Border QR Code Payment Connectivity

To Promote Local Currency Use in Bilateral Transactions, Indonesia and Singapore Will Explore Cross-border Qr Code Payment Connectivity The Monetary Authority of Singapore (MAS) announces that work on cross-border QR code payment linkage between Singapore and Indonesia will commence. The aim is to enhance payment connectivity between the two countries. The cross-border QR payment linkage…

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What Is Inflation?

What Is Inflation?

Dissecting Inflation: What is It, and Why Does it Happen? Does it feel like you’re getting less bang for your buck as the years go on? One day you randomly find yourself thinking, “When did things get so expensive?”. That, my friends, is what we call inflation. It’s not a very happy thing to know…

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What Is a Recession and Depression?

What Is a Recession and Depression?

What Is a Recession and Depression? When economic activity takes a dive that lasts for months or possibly years, that is called a recession. An economic depression is a situation that is more serious. Let’s explore this subject more.   A Recession Explained When any country records negative figures in its Gross Domestic Product (GDP),…

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