Search Archive
Search Tips
You can use boolean operators in your search:
pugilist AND basketball- Both words must appearjakarta OR surabaya- Either word can appearjakarta NOT politics- Must have jakarta but not politics+jakarta -politics- Must have jakarta, must not have politics"exact phrase"- Search for exact phrasebasket*- Wildcard (matches basketball, basket, etc.)
Tue, 14 Jul 2015
Indonesia cuts live cattle imports
Live exporters are surprised by Indonesia's decision to dramatically cut imports of Australian cattle. Indonesia will only allow 50,000 head of cattle between July and September this year, down from 250,000 the previous quarter.
Mon, 13 Jul 2015
Indonesia’s Property Market Seen Going Through Same Maturation Cycle as China’s
Jakarta. The property market in Indonesia may go through the same cycle as in China, which has entered a mature phase where developers see sales bottoming out, increased competition, and more rapid consolidation, Standard & Poor’s Ratings Services said in a report.
Mon, 13 Jul 2015
Fire at Soekarno-Hatta Airport Cost Garuda Indonesia Rp 8.5b
Jakarta. National flag air carrier Garuda Indonesia lost Rp 8.5 billion ($638,600) due to flight cancellations caused by a fire at Soekarno-Hatta International Airport last week, according to a top executive at the airline.
Sun, 12 Jul 2015
Indonesia’s flip-flop policies
Indonesian politicians have done it again: flip-flopping on their policies, something that Malaysian corporations with investments in industries there, such as banking and plantations, have had to deal with before.
Sun, 12 Jul 2015
Are the Balinese Being Marginalized?
In a front page report published in the Bali Post on domination of the Island’s tourism business by non-Balinese and titled “Bali is Left the Task of Protecting Culture,” saw prominent members of the local community voice their concerns and disappointment with the current state how Bali is...
Sun, 12 Jul 2015
A nightmare in paradise
Many Australians, thinking they had circumvented Indonesia's ban on foreigners owning freehold land, have signed illegal nominee deals. The story sounds Kafkaesque. Susi Johnston has lost everything; her beloved husband, their $3 million Bali home, the peaceful retirement she had planned.
Sat, 11 Jul 2015
Survey suggests top ministers on chopping block
Amid speculation that a Cabinet reshuffle is imminent, a public opinion poll has revealed that ministers handling law and the economy received the lowest approval ratings as the public is worried about the country’s slumping economy and law enforcement.
Fri, 10 Jul 2015
Creative economy body to give more push to start-ups
Amid mushrooming digital startup companies in the country, Creative Economy Agency (Bekraf) head Triawan Munaf said that the agency was planning to hold a startup incubation program next year to accelerate the growth and replicate success of startups.
Fri, 10 Jul 2015
Jakarta urges China's central bank to buy Indonesian bonds
Indonesia has asked China's central bank to start purchasing Indonesian bonds as part of an effort to attract more long-term investors to Southeast Asia's largest economy, a senior government official said on Friday.
Thu, 09 Jul 2015
Start Singapore: Crowdo enters Indonesia market
Home-grown crowdfunding portal Crowdo has expanded to Indonesia to offer peer-to-peer lending to businesses there. Crowdo will use its platform to match Indonesian investors with companies there which need loans for working capital. Borrowers repay the principal sum with interest.
Thu, 09 Jul 2015
Indonesia to Strengthen Market Buffers
Indonesia knows more than most Asian nations what global market ructions can do, having borne the brunt of the Asian financial crisis and the 2013 taper tantrum. The world’s fourth most-populous nation is now strengthening its defenses as contagion risk looms from Greece to China.
Thu, 09 Jul 2015
Uber and Gojek just the start of disruptive innovation in Indonesia
People in Indonesia’s capital Jakarta, where public transport is poor and the traffic horribly congested, have eagerly welcomed ride-hailing apps such as Uber for car rides and Gojek for motorcycle rides.
Thu, 09 Jul 2015
Indoneian government ready to face economic challenges: President Jokowi
Jakarta (ANTARA News) - The government is ready to meet fundamental economic challenges that the country is facing right now, President Joko Widodo (Jokowi) stated here on Thursday. "We are currently facing fundamental economic challenges, but the government is prepared for it," he remarked during...
Thu, 09 Jul 2015
Indonesian adtech company Adskom raises undisclosed Series A
JAKARTA-based programmatic advertising company Adskom said it has raised Series A funding of an undisclosed amount, led by Japan’s supply side platform (SSP) and advertising network Geniee. The two other firms participating in the round were Convergence Ventures from Indonesia, and existing...
Thu, 09 Jul 2015
Uber wants to be a technology firm in Indonesia
Uber Technologies says it is working to establish itself as a technology company in Indonesia to avoid legal hurdles. Source: AP Uber Technologies says it is working to establish itself as a technology company in Indonesia, to avoid legal hurdles after police launched an investigation into the...
Wed, 08 Jul 2015
This foreign VC just snuck into Indonesia and is setting up an accelerator
A couple of weeks ago Tech in Asia raised US$4 million from a group of international investors. One of them was Marvelstone, a name you may never have heard of if you’re based in Indonesia. Marvelstone is a venture capital firm that claims to have a strong presence in Korea, Singapore, and Hong...
Wed, 08 Jul 2015
No More Flip Flops, Indonesia President Tells Under-Fire Cabinet
The flip flops have to stop. That’s the order handed down by Indonesian President Joko Widodo to ministers and top officials following several policy U-turns that are denting investor confidence in Southeast Asia’s largest economy, said Sri Adiningsih, the head of the president’s advisory...
Wed, 08 Jul 2015
Indonesian furniture ecommerce site Fabelio bags seed funding led by 500 Startups
Indonesian furniture startup Fabelio, which launched in early June, announced earlier today that it closed a seed funding round of US$500,000 from a group of investors. The round was led by 500 Startups, and followed by KK Fund, IMJ Investment Partners, and two angel investors; Sandeep Tandon,...
Tue, 07 Jul 2015
Eat, Program, Love: The rise of tech startups in Bali
Instead of unwinding in the tropical paradise of Bali, entrepreneurs are opting to plug into the island's emerging tech startup scene because of a thriving startup ecosystem, low overheads and, of course, the allure of the beautiful surroundings.
Tue, 07 Jul 2015
Philip Morris to cut stake in Indonesian unit, could raise over $1 billion: sources
JAKARTA/SINGAPORE (NEWS.GNOM.ES) – U.S. cigarette giant Philip Morris International Inc plans to sell a stake worth at least $1 billion in Indonesian unit PT HM Sampoerna Tbk to comply with free-float rules, two people familiar with the matter said on Monday. Philip Morris currently owns 98.
Tue, 07 Jul 2015
Economic slowdown in indonesia will be temporary: ADB
Jakarta (ANTARA News) - The Asian Development Bank (ADB) believes that the economic slowdown in Indonesia will be temporary, as expansion of government spending will restore growth to five percent by the year-end.
Tue, 07 Jul 2015
Government tightens grip on imports to cut dwelling time
The government has stepped up its efforts to reduce dwelling times at ports by implementing stricter importation procedures. Under a recently issued Trade Ministry Regulation, all importers have to possess an importer identification number (API) and those who buy restricted goods must secure import...
Tue, 07 Jul 2015
Many studies on Indonesia do not build capacity
A purview of many international studies regarding Indonesia politics and economy is dominated by foreign organzations, consulting companies and NGOs. Simply too many chefs tend to spoil the soup. The amount of studies and reports on Indonesia is enormously redundant at times, filled with...
Mon, 06 Jul 2015
Indonesia’s Bizzy hopes to win where Rocket Internet failed, nabs $2.5M funding
Rocket Internet launched OfficeFab in Indonesia back in late 2012 with the idea that the business supplies ecommerce site would service all of Southeast Asia. Despite some early traction, investor interest tapered off and the service eventually ceased in June 2013.
Mon, 06 Jul 2015
Indonesia to impose coal export tax next month: Govt official
JAKARTA - Indonesia will impose a 1.5 per cent tax on coal exports from next month, government officials said on Monday, in a bid to boost state revenue and keep more of the power station fuel at home. The world's top thermal coal exporter will introduce the tax on Aug.
Mon, 06 Jul 2015
Sarong makers struggling with low Ramadhan demand
Having struggled with weak sales over the past several months, sarong makers in Majalaya district, Bandung regency, West Java, are selling their products below normal price during the Islamic fasting month of Ramadhan to keep up with production costs and avoid total shutdown.
Sat, 04 Jul 2015
The Trouble With Indonesia's Rudderless Economic Policy
News this week that Bank Indonesia will prohibit foreign currencies from being used in domestic transactions in Indonesia further added to analysts’ and investors’ concerns about the country’s fragile economy, and about the economic strategy of President Joko Widodo.
Sat, 04 Jul 2015
Mega data center to open near Jakarta by April 2016
JAKARTA -- Indonesian conglomerate Lippo Group has recently begun construction of a 2,000-sq.-meter data center in the suburbs of Jakarta, targeting companies in the financial and industrial sectors. The business will be run by Graha Teknologi Nusantara, a joint venture between Lippo subsidiary...
Sat, 04 Jul 2015
Investments for Indonesia caught in bureaucratic web
JAKARTA: Since taking office in October, Indonesia’s Joko Widodo has been unrelenting in his pursuit of investment dollars. In just the first quarter, almost US$6.5 billion flowed into Indonesia - 14 per cent higher than in 2014, according to the Indonesia Investment Coordinating Board.
Sat, 04 Jul 2015
Uber and Go-Jek Get Totally Different Reception in Jakarta
Jakarta, GIVnews.com – In recent weeks, five Uber drivers were arrested by the Jakarta police, who was working together with the Organization of Land Transportation Operators (Organda). Organda Jakarta, which organizes all forms of land transportation in the capital city, has accused Uber of...
Fri, 03 Jul 2015
E-commerce group concerned over draft regulation
A group of e-commerce business players have raised concerns over a draft regulation prepared by the Trade Ministry, saying that the legislation had the potential to prevent small e-commerce business from growing.
Fri, 03 Jul 2015
Consumer Confidence Indonesia Falling: Less Ramadan & Idul Fitri Shopping
The latest survey of Bank Indonesia shows that consumer confidence in Indonesia has fallen in June 2015 on fears of shrinking job availability as well as declining income and business activity. Last month, the central bank’s Consumer Confidence Index fell 1.5 points to 111.3.
Fri, 03 Jul 2015
New Indonesian Regulation restricting foreign currency use in Indonesia – impact on shipping companies
Bank Indonesia (BI), Indonesia’s central bank, has introduced new measures to stabilise the value of the Indonesian Rupiah (IDR) and implement Indonesia’s Currency Law. The regulations will impact on all companies operating in Indonesia, including shipping and ports services companies.
Fri, 03 Jul 2015
Indonesia to draft new laws to address rapid rise of transport apps
Indonesia’s lawmakers are planning to start deliberations on a new law that would address the rapid growth of smartphone-based transportation applications. The new law would regulate the increasingly popular services, which otherwise fall into a grey area in the country’s existing transport...
Fri, 03 Jul 2015
Riady to ride wave of digital commerce
An executive director in the Lippo Group, Mr John Riady spearheads the family business' e-commerce drive. The group, whose chairman is Mr Riady's grandfather Mochtar Riady, has diverse interests in areas such as property, media, hospitals, education, cinemas and now e-commerce, among others.
Fri, 03 Jul 2015
Mandatory use of the rupiah in Indonesia
Bank Indonesia has issued Regulation 17/3/PBI/2015 concerning the mandatory use of the rupiah within the Indonesian territory, which applies to cash transactions as of March 31 2015 and non-cash transactions as of July 1 2015. The regulation implements the Currency Law (7/2011).
Thu, 02 Jul 2015
MyRepublic launches Indonesian fibre service
Fibre broadband start-up MyRepublic, based in Singapore and backed by Indonesian telco Sunshine Network and French telecoms billionaire Xavier Niel, has announced the launch of fibre internet services in Indonesia.
Thu, 02 Jul 2015
NGOs, Activists Fret New Role for Indonesia’s Spy Agency
A mysterious new partnership between Indonesia’s spy agency and Investment Coordinating Board (BKPM) to boost foreign investment has civil society wary of deepening agrarian conflict in the post-authoritarian country.
Thu, 02 Jul 2015
Homegrown Internet innovators rise in Southeast Asia
Last December, the 30-something CEO of a startup in Jakarta raised $100 million, a record for such a business in Indonesia. His name is William Tanuwijaya, and his e-commerce company is called Tokopedia. SoftBank is now Tokopedia's largest investor.
Wed, 01 Jul 2015
Govt Confident Tax Amnesty for Criminals Will Work
Jakarta. The government says its proposed amnesty for tax evaders will be a success because from 2017 increased exchange of tax-related data between nations will make it harder for criminals to keep money overseas.
Wed, 01 Jul 2015
Frustrated Indonesian leader launches charm offensive with investors
JAKARTA - Exasperated by the performance of his economics team, Indonesia's president has personally taken on the job of promoting Southeast Asia's largest economy to skeptical investors, said palace officials and economists.
Wed, 01 Jul 2015
Indonesia's PANDI Contributes to Responsive and Resilient Internet with First L-Root Instance
JAKARTA - The first L-Root instance in Indonesia has been successfully installed in Jakarta, increasing the Domain Name System's (DNS) overall fault tolerance and its resilience against certain types of cyber threats, such as Distributed Denial of Service (DDoS) attacks, a press release by ICANN...
Wed, 01 Jul 2015
BPJS Ketenagakerjaan Fully Transformed Into Government Body
Men work at a construction site without proper safety equipment. The government has made it mandatory for companies to register employees to join the universal social security scheme provided by The Social Security Administration Body for Employment, or BPJS Ketenagakerjaan.
Wed, 01 Jul 2015
Indonesia enforces foreign currency rules
Australians holidaying in Indonesia could find themselves short of money from today after the country’s central bank pushed through new legislation prohibiting foreign currencies from being used in domestic transactions.
Wed, 01 Jul 2015
Reduced 2015 property sales target imminent
JAKARTA -- Indonesian property developer Ciputra Development is planning to reduce its property sales target for the year as the national economic slowdown continues to erode demand. "We thought this year [would] be better, but investment has been weak," Ciputra director Harun Hajadi told reporters...
Tue, 30 Jun 2015
Malaysian developer begins S$1b project an Bintan
Malaysian-based property developer The Haven Sdn Bhd is starting the construction of hotel, resort and condotels projects, namely The Haven Bintan Hotel and Resort, in a 26-hectare area inside the Lagoi integrated tourism area, worth S$200 million (US$148 million) of initial investment.
Mon, 29 Jun 2015
Ministry keeps eye on unruly importers
The Trade Ministry is getting tough on importers that fail to provide sufficient documentation as such failures have made logistics dwelling time longer and created high business costs in the country which is struggling to revive its economy.
Mon, 29 Jun 2015
Ban on purchasing foreign boats
The letter refers to an article titled “President to ban purchase of foreign boats, (The Jakarta Post, June 21). Perhaps, President Joko “Jokowi” Widodo is unaware of Indonesia’s 2008 law on cabotage and its impact on the country.
Sat, 27 Jun 2015
Eastern delight all-round in opportunities for Grimsby-area companies in Indonesia
EDUCATION in renewables could be the key to business opportunities for Grimsby-area companies in Indonesia. Two leading training providers operating in North East Lincolnshire are exploring opportunities, working alongside Hull and Humber Chamber of Commerce.
Fri, 26 Jun 2015
Bitcoin Brings Mathematical Certainty to Comply With Islamic Law
CoinTelegraph spoke with Matthew J. Martin on why Bitcoin is better for financial services companies that want to attract Muslim clients and offer “sharia-based” financial products. Matthew J. Martin is the founder of the startup Blossom Finance that uses Bitcoin to help Muslims with Islamic...