Indonesian Political, Business & Finance News

Archive: 11 December 2015

2 articles found

BKPM Eyes Foreign Ownership Expansion in E-Commerce

Foreign ownership of online marketplace platforms, such as Tokopedia and motorcycle taxi app Go-Jek, is under review by the government with an eye on expansion, a top official said. Foreign ownership of online commerce companies is currently banned in Indonesia — a regulation likely to be revised next year as part of the government's efforts to foster growth in the country's digital ecosystem.

Uber spread false information: Organda

Jakarta Organization of Land Transportation Owners (Organda) has countered Uber's recent official statement that Jakarta Governor Basuki "Ahok" Tjahaja Purnama had given a green light to the ride-booking company to operate in the capital. According to Jakarta Organda chairman Shafruhan Sinungan, Uber had released false information and the agency would therefore report the company to the police.