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Mon, 14 Dec 2015
Do-Cart wins first prize at Startup Weekend Jakarta 2015
The Startup Weekend Jakarta 2015 ended on Sunday with Do-Cart getting first prize, followed by Konsaato and Future of Indonesia as runners-up. The event was held at co-working space Freeware Spaces in Kemang, South Jakarta. Organised by venture capital firm Grupara Inc.
Sat, 12 Dec 2015
Indonesian govt wants acceleration of Mandalika resort development
Vice President M. Jusuf Kalla, when inspecting preparations for the construction of four star-rated hotels in the area Saturday, asked PT Indonesian Tourism Development Corporations (ITDC) management to accelerate the development of Mandalika which is being groomed as a world class tourist resort...
Fri, 11 Dec 2015
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...
Fri, 11 Dec 2015
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.
Fri, 11 Dec 2015
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.
Thu, 26 Nov 2015
BKPM to Change Negative Investment List Into 'Guideline'
Indonesia’s Investment Coordinating Board, or BKPM, plans to replace its negative investment list with an “investment guideline” by April, in a move to boost capital inflows into the country. "We used to call it negative investment list, but we only completely restrict a small number of...
Wed, 25 Nov 2015
BKPM Will Not Revise Investment Target
The Investment Coordinating Board (BKPM) stated that it will not revise the investment realization target in 2016 to support economic growth. "With investment contribution of 31 percent in achieving economic growth, the 2016 economic growth target of 5.
Wed, 25 Nov 2015
Jokowi: ASEAN Economic Community Is Inevitable
President Joko "Jokowi" Widodo said that Indonesia could not avoid ASEAN Economic Community (AEC). Jokowi said that today's economic competition involves competition between countries instead of individuals or cities. "AEC will take off in a month.
Wed, 25 Nov 2015
Visa concerns for Australians living in Bali provide an unwanted reality check
More than 10,000 Australians are estimated to live in Bali all year, or for a substantial part of it. While many consider themselves to be permanent residents, they in fact have very little legal basis for this claim.
Mon, 23 Nov 2015
Uber to start official company in Indonesia
Smartphone-based ride-hailing application Uber is planning to start a company in Indonesia, in the form of a foreign investment firm, an executive has said. Uber's spokesperson in Indonesia, Karun Arya, said Uber had not yet set up its corporation in Indonesia.
Mon, 23 Nov 2015
Indonesia Emerging as New Battlefield for ICT Companies
Korean mobile companies are making inroads into the Indonesian market one after another. The Korean mobile industry anticipate that Indonesia will rise as a new mobile market since the nation has the world’s fourth largest population and its many islands gave rise to the creation of a mobile...
Fri, 13 Nov 2015
Indonesia-Australia Business Week to Deepen Commercial Ties
The largest-ever delegation of Australian ministers and business leaders will travel to Indonesia from November 17 to 20 for the Indonesia-Australia Business Week (IABW) 2015, the Australian Embassy said on its official website.
Fri, 13 Nov 2015
Largest-Ever Australian Trade Delegation to Visit Indonesia Next Week
More than 300 Australian business leaders and ministers will arrive in Indonesia next week in the wake of Prime Minister Malcolm Turnbull’s visit to Jakarta, as Canberra seeks to explore new business opportunities with its northern neighbor.
Thu, 05 Nov 2015
TPP Trade Deal a Long Way Off for Indonesia
Although Indonesian President Joko Widodo on Oct. 26 told US President Barack Obama that Indonesia plans to join the omnibus Trans-Pacific Partnership that the US has forged with 12 Pacific Rim nations, qualifying for the deal and overcoming domestic political opposition will both be major hurdles.
Thu, 05 Nov 2015
Indonesia seeking investors to build SEZs
Indonesia plans to invite foreign investors to build and operate special economic zones (SEZs) to boost sluggish economic and job growth in South-east Asia's largest economy. The country currently has nine SEZs, including the Batam, Bintan and Karimun (BBK)special economic zone, and wants to build...
Wed, 04 Nov 2015
Reinventing Indonesia – Two Decades of Democratization
The broad sequence of events that led to the fall of President Suharto and the rise of democracy in Indonesia are well known. But few of us know the details of that period like former coordinating minister for economy, finance and industry Ginandjar Kartasasmitra and former Harvard faculty member...
Wed, 04 Nov 2015
Indonesia Government Spending Starts to Dig Economy Out of Ditch
Unemployed for much of 2015, Firman Agung now works for the Indonesian government, racing to dig a drainage ditch through his village before monsoon rains begin. “It beats sitting around at home,” said the 32-year-old as he mixed cement under the shade of a mango tree in Pakuncen, a dusty...
Wed, 04 Nov 2015
Hamid Ansari calls for boosting trade, investment with Indonesia
Pitching for greater cooperation between India and Indonesia, Vice President Hamid Ansari today said while both countries share excellent relations, their bilateral trade and investments have not realised full potential.
Wed, 04 Nov 2015
Indonesia is the Right Place for Investment: VP Jusuf Kalla
Vice President Jusuf Kalla informed visiting Indian Vice President Hamid Ansari and the accompanying business delegation at a business forum on Tuesday that Indonesia is now the right place to invest. "Similar to India, Indonesian businesses are now spreading across the world and is also a good...
Thu, 29 Oct 2015
Massive changes to foreign investment regulations do not bode well for Indonesia
Hot on the heels of President Jokowi's visit to the US where he referred frequently to the openness of the Indonesian economy to foreign investment, the BKPM (Indonesian Investment Coordination Board) has just made massive changes to investment regulations running to hundreds of pages.
Tue, 27 Oct 2015
Changes to manpower regulations allow for non-resident directors
Changes to Manpower regulations have just been announced (See Peraturan Menteri Ketenagakerjaan No 35 Tahun 2015) amending former regulations (Peraturan Menteri Ketenagakerjaan Nomor 16 Tahun 2015) relating to foreign workers in Indonesia.
Tue, 27 Oct 2015
Indonesia will join Trans-Pacific trade pact: Widodo
US President Barack Obama won Indonesia's endorsement for a contentious trans-Pacific trade deal on Monday, with the president of Southeast Asia's largest economy vowing to join. During a meeting with Obama at the White House, Joko Widodo risked the ire of economic nationalists at home and pledged...
Mon, 26 Oct 2015
EuroCham Criticizes Indonesia’s Investment Policy
The European Business Chamber of Commerce in Indonesia (EuroCham) has just released its position papers for 2013 highlighting its review of investment conditions in Indonesia for that year. The position papers include criticism of some of Indonesia’s investment polices and further provide...
Mon, 26 Oct 2015
Exceeding Expectations in Indonesia
Indonesian President Joko Widodo will meet U.S. President Barack Obama on Monday in his first official visit to the United States since assuming office last October. Domestic reviews of Mr. Widodo’s performance are mostly negative due to deteriorating economic fundamentals.
Mon, 26 Oct 2015
Indonesia Needs to Join TPP
When Indonesian President Joko Widodo meets Barack Obama in Washington Monday, they'll have plenty to discuss. Their agenda includes defense, climate policy, maritime cooperation and much else. Trade is there too -- and should go right to the top, because that's where both countries have most to...
Fri, 23 Oct 2015
Jokowi invites Indonesia's top startups for US visit
President Joko "Jokowi" Widodo will take along representatives from Indonesia's top startup companies on his state visit to the US next week, where his schedule includes a visit to Silicon Valley, the US' high technology and startups hub, to support the domestic startup scene.
Wed, 21 Oct 2015
Indonesia plans to scrap e-commerce from negative investment list
The Indonesian government plans to scrap e-commerce business from its negative investment list, a move that will allow foreign investors to enter this industry, a government official says. The new rule could come into effect in early 2016.
Mon, 19 Oct 2015
BKPM to Revise Negative Investment List within Six Months
The Indonesia Investment Coordinating Board (BKPM) had initiated a public discussion to revise the Negative Investment List (DNI) Friday last week. This measure is BKPM’s response to recent development in the business sector aimed at attracting more foreign investors.
Sun, 18 Oct 2015
Why foreign startups fail in Indonesia.
About author: After having worked and consulted in Indonesia for various sector of the local IT industry, this Frenchman has moved to Singapore as the co-founder of DeBuNe and COO of 25Mod (OTDocs). In my 10 years in Indonesia, I have seen enough foreign-owned startups fail both in traditional and...
Fri, 16 Oct 2015
Indonesian president to court tech giants on U.S. trip
Indonesia's president will court tech giants Apple and Google during his first trip to the United States this month, seeking investment for sustainable mining and greater internet access, a senior cabinet minister told Reuters.
Thu, 08 Oct 2015
Investment in service: Model as important as money
With the weakening of the rupiah and the economic slowdown throughout the year, investment has become a strategic area for the government to focus more on. To accelerate investment, the President has instructed a cut in all interlocking regulations that create bottlenecks in the investment pipeline.
Thu, 08 Oct 2015
Can Jokowi Deliver on Ambitious Reforms?
As the first anniversary of the newly elected government approaches, Indonesian president Jokowi is finally stamping his authority to overcome the inertia that has seemingly gripped the policy makers. The initial euphoria of the people’s president coming to power and doing the unthinkable...
Thu, 08 Oct 2015
Ten Office Boys Per Foreigner? Indonesia 'Explains' New Labor Law
Indonesia requires 10 locals to be hired per foreign worker. Non-resident foreign company directors need work permits. For companies worried about a new Indonesian law requiring 10 locals to be hired for every foreigner, the government has a workaround: stock up on drivers and “office boys” to...
Wed, 07 Oct 2015
Indonesia's small firms struggle, dealing economy another blow
Fuad Fultoni has been selling wooden furniture from Pasuruan city on the eastern side of Indonesia's Java island for 15 years: gazing out as his workers sat idly in an empty showroom, he says business has never been so bad.
Sun, 04 Oct 2015
The ABC of Indonesian infrastructure financing
Indonesia wants to lift itself to middle income status. To do so, the Ministry of National Development & Planning, Bappenas, has estimated the country needs Rp5.5 quadrillion ($385 billion) in infrastructure development between 2015 and 2019.
Thu, 01 Oct 2015
Widodo's Bulletproof Car Tires Show Indonesian Thicket of Rules
Indonesia’s new trade minister found a good example of the dangers of protectionism in an unlikely place: the armor-plated car of the country’s president. Officials had trouble bringing in the bulletproof tires needed for President Joko Widodo’s vehicle because of import restrictions passed...
Wed, 30 Sep 2015
President Urges to Cut Investment Bureaucracy
President Joko Widodo has urged the ministries and institutions to cut down on time-consuming bureaucratic procedures and facilitate grant of permits, licenses and certificates to make it easier to do business.
Mon, 28 Sep 2015
Foreign Firms Fret at Obstacles in Indonesia
U.S. jeans and clothing maker Levi Strauss & Co. has big ambitions for Indonesia. The nation of 250 million is the company’s fastest-growing market in Asia, and Levi’s wants to invest and expand aggressively.
Mon, 21 Sep 2015
Burnt by Jakarta authorities, Uber moves to legalise itself
HAVING seen cars operated by its drivers seized by Jakarta’s transport authority, ride-sharing startup Uber Technologies Inc is taking steps to legalise its operations in Indonesia, while saying that it has been having difficulty trying to engage with said authority.
Sat, 19 Sep 2015
Government to ease permits required for exports-imports
In following up on the issuance of the government’s economic policy package last week, the Trade Ministry will ease export and import regulations to improve the business climate and ensure national stocks of basic commodities, an official has said.
Fri, 18 Sep 2015
Haze a blight on Indonesia's standing
Indonesia and the region must be prepared, both materially and psychologically, for a possible worsening of the haze situation, given both the persistence of burning practices and the blight of climate change.
Fri, 18 Sep 2015
Indonesia Economic Policy Package Confirms Reliance on Property Sector
On September 9th, President Joko Widodo announced the first of three Indonesia economic policy packages to bolster economic growth amid prolonged economic slowdown and continued depreciation of the rupiah.
Sun, 13 Sep 2015
Jokowi takes his first shot at economic reform
Indonesian President Joko Widodo (Jokowi) has announced a comprehensive package of reforms aimed at reducing inflation and stabilising the exchange rate, stimulating demand through ‘deregulation’ and direct support, with a special focus on creating more jobs in small and medium enterprises...
Sat, 12 Sep 2015
BKPM’s New Regulation: Tax Holiday Must be Processed Within 65 Working Days
Indonesia’s Investment Coordinating Body, or BKPM, has issued a new regulation that clarifies that a request by companies to get a tax holiday must be processed within 65 working days after it is filed.
Sat, 12 Sep 2015
Jakarta planners could look to Singpore
Singapore's experiences in urban planning could offer Indonesia a few lessons in unlocking its own metropolitan potential, according to a new report. The report from Goldman Sachs called for a re-thinking of Indonesia's urban planning policies while making a case for a US$70 billion (S$99 billion)...
Fri, 11 Sep 2015
Uber on the Defensive After Ban From Bandung Streets
San Francisco-based ride-sharing app developer Uber Technologies says that it is "disappointed" by Bandung Mayor Ridwan Kamil's recent decision to ban the service in the city, blaming the company's latest speed bump on misinformation and "lies.
Fri, 11 Sep 2015
Indonesia to survive current global economic slowdown: President
President Joko Widodo said here Thursday that Indonesia would be able to overcome the challenge of the current global economic slowdown. He expressed the conviction because "despite the impact of global economic slowdown political and security situation in Indonesia are conducive.
Thu, 10 Sep 2015
Indonesian Government unveils stimulus to bolster economy currency
Indonesian president Joko Widodo has unveiled a series of stimulus measures to lift slowing growth in South-East Asia's top economy and shore up the country's plunging currency. In a televised address, Mr Widodo was joined by key policymakers to announce a broad range of measures including the...
Thu, 10 Sep 2015
Labor Rules Muddle New Indonesian Investment Push
A new Indonesian push to attract foreign investors was generally welcomed on Thursday, though one particular irritant to them remains: rules aimed at curbing the foreign workforce to protect local jobs.
Wed, 09 Sep 2015
Indonesia to unveil "massive" deregulation as part of stimulus package
Indonesia is set to announce what President Joko Widodo called a "massive" deregulation package on Wednesday, aimed at luring more investment and supporting a currency that has weakened to 17-year lows.