Retail therapy in China, Indonesia
• 13 May 2014
Australia's prime minister may be penny-pinching for his first budget on Tuesday, but expect less thrifty behaviour from consumers in both China and Indonesia (REUTERS/Jon Gordon)
A Blackberry boost won't likely be needed for retail sales in the country
Bareksa.com - It's not always easy managing your cash flow, just ask Australia's prime minister. Tony Abbott reveals his first budget this Tuesday (May 13), and we can expect a rise in income taxes for higher earners, alongside heavy cuts to government agencies and projects like the Australia Network. Speaking of austerity measures, ailing Canadian tech giant Blackberry will launch the Z3, it's its new budget smartphone. The twist here? The 200 dollar (USD) handset's coming out party will be held in Jakarta, a smart choice since Indonesia remains one of the firm's final strongholds. (Source : Reuters)