Author: Mei Ling Tan

  • CJ CGV Opens 20th Store in Indonesia

    CJ CGV Opens 20th Store in Indonesia

    CJ CGV announced on May 30 that it opened its 20th store “CGV Blitz Slipi” in West Jakarta of Indonesia on the 26th.

    With four screens and a total of 674 seats, CGV Blitz Slipi is located in “Slipi Jaya Plaza,” a large shopping mall situated at the center of office town and residential area. In a bid to offer the optimum viewing conditions, it has introduced premium 3S – Seat, Screen and Sound – services.

    The company now has 20 cinemas with 143 screens in two years and four months after CJ CGV started consignment management for Blitz Megaplex in January 2014.

    CJ CGV plans to open a total of eight more cinemas this year, including CGV Blitz Slipi. Based on this, it aims to generate about 60 billion won (US$50.4 million) in sales this year.

    Considering the fact that it turned over nearly 34 billion won (US$28.56 million) in 19 cinemas last year, CJ CGV is planning to aggressively double its market. It will also increase the number of audiences from 7 million last year to more than 10 million this year.

  • Alfamart to launch click and collect

    Alfamart to launch click and collect

    Alfamart is going to utilize its 10,000 store network as pickup points for its new online shopping platform Alfacart. Alfacart, the new e-commerce platform will carry one million products from sellers, and is expected to generation IDR1tn (US$70m) transaction. The existing shopping website Alfaonline will be replaced. The advantage of Alfacart over the other e-commerce players lies with its large store network of more than 10,000 throughout Indonesia. The retailer is also expected to be opening another 1,200 stores this year.

    We understand there are some players in the market but the high cost of last mile is still a concern,” said Sumber Alfaria president Hans Prawira, “We have presence in the market very close to shoppers.”

    E-commerce is due to boom in Indonesia

    With the growth in investment and acceptance of internet and mobile shopping, Indonesia is seen as the next frontier after China and India in Asia. The government wants e-commerce to become the backbone of its growing digital economy and leading players like Alibaba are also accelerating their expansion into Indonesia.

    Even though logistics is still a challenge due to underdeveloped infrastructure and the sheer size of the country, it is only a matter of time before we see the boom of e-commerce.

  • Lulu opens its first hypermarket in Indonesia

    Lulu opens its first hypermarket in Indonesia

    The UAE-based retail major Lulu Group marked its retail push into Indonesia with the opening of its first hypermarket in the country in capital Jakarta.

    The group has already announced plans to invest $500 million and set up 10 hypermarkets in the next three years in the country, as part of its expansion.

    The first Lulu hypermarket of the country was officially inaugurated by Joko Widodo, the President of Indonesia in the presence of Basuki Tjahaja Purnama, Governor of Jakarta; Thomas Trikasih Lembong, Indonesian Trade Minister; Ahmed Abdullah Al Mussali Al Awadi, UAE Ambassador to Indonesia; Husin Bagis, Indonesian Ambassador to UAE; and other ministers and dignitaries.

    Located in the Cakung sub district of East Jakarta with an area of over 200,000 sq ft., the new hypermarket is designed with customer convenience in mind and provides a one-stop shopping destination for the residents of the city.

    “With an initial investment of $300 million in the first phase, we plan to open 10 hypermarkets by end-2017 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians,” said Yusuf Ali M A, chairman, Lulu Group.

    “We also plan to set up contract farming to ensure continuous supply of high quality products and to support the Indonesian agriculture sector,” he added.

    During the official visit to UAE last year, President Widodo had visited Lulu hypermarket in Abu Dhabi and expressed keen desire to have Lulu in Indonesia. He was especially impressed by the high standards of operations, quality of products and service and also the wide variety of products available in Lulu.

    The Lulu Group currently operates 126 stores across the GCC, Egypt and India and employs more than 38,000 people from different nationalities. It is also one of the largest retail chains in the Middle East.

  • Businesses to explore Indonesia

    Businesses to explore Indonesia

    Pakistan’s businessmen should take advantage from the large Indonesian market, an envoy said. Ambassador of Indonesia Iwan Suyudhie Amri, talking to the Lahore Chamber of Commerce and Industry (LCCI) Vice President Nasir Saeed, said bilateral trade needs to be enhanced as Pakistan and Indonesia are potential markets.

    Ambassador Amri said Pakistan’s rice and meat have great demand in Indonesia and therefore Pakistan’s businessmen should avail this opportunity.

    He said the LCCI is playing a significant role to strengthen the trade and economic relations between the two countries.

    Saeed said the implementation of Pakistan-Indonesia preferential trade agreement will begin a new era of cooperation and serve as a foundation for enhanced economic and trade cooperation.

    He said local businesses will increase exports to Southeast Asia’s largest economy under the preferential trade agreement.

    “There is also a lot of scope for Indonesia to make investment in Pakistan. Indonesia has a fairly advanced petro-chemical, rubber, plywood, telecommunication and tourism industry,” he added.

  • Temanggung to Establish Local TV Station

    Temanggung to Establish Local TV Station

    Temanggung administration will establish a local tv station as a medium for education in current globalization era.

    Temanggung administration official, Suyono, in Temanggung on Friday, May 27, 2016, said before the construction of the tv station building, his office had conducted a survey of local residents.

    “[Survey] result shows that the majority of Temanggung residents support the establishment of Temanggung tv station,” he said in the cornerstone-laying of the construction of Temanggung tv station by Temanggung Regent Bambang Sukarno.

    “Temanggung tv station is not only expected to bTemanggungecome a medium for communication and interaction of Temanggung residents, but also to be a medium for education, information for the residents; information has become a basic need,” he said.

  • Blancpain Osaka shop-in-shop opens

    Blancpain Osaka shop-in-shop opens

    As well as opening a Blancpain Osaka shop-in-shop, the Swiss watchmaker has a new flagship boutique on one of Hong Kong’s busiest streets.

    Blancpain-Hong-Kong

    Blancpain’s new Japanese concession is inside the Hankyu Department Store Umeda Main Store, on its seventh-floor luxury-watch outlet area, which has just been remodelled. Crafted by a Swiss cabinetmaker, the interior design of the Blancpain outlet features woodwork and mouldings along with streamlined furniture and displays.

     

    Blancpain Japan 1

    Visitors can see such Blancpain masterpieces as the Carrousel Volant Une Minute, the Fifty Fathoms Bathyscaphe and the Ladybird.
    Blancpain Japan 2

    Founded in 1735, Blancpain develops its components and tools in house, with a single watchmaker manually assembling each movement.

  • 9 in 10 telcos go Hadoop to fight revenue fraud

    9 in 10 telcos go Hadoop to fight revenue fraud

    Telecoms revenue fraud is a primary driver for increased Apache Hadoop adoption, according to a recent poll of telco and enterprise users by Cloudera and Argyle Data.

    Communication service providers lose around $38 billion to fraud every year.

    Conducted during a recent webinar to introduce Cloudera and Argyle Data’s joint fraud prevention platform, the survey indicated that over 90% of attending organizations already use or intend to use Hadoop for fraud prevention.

    About one-third (34%) of attendees said they already have Hadoop in place and may use the platform in their fraud prevention efforts.

    “Fraud prevention is a textbook use case for Hadoop-based analytics because the ROI is immediately visible,” said Vijay Raja, solutions marketing manager at Cloudera. “Real-time machine learning relies on large amounts of data to detect sophisticated revenue threats, making Cloudera the ideal platform on which to run Argyle Data’s threat analytics.”

    The platform enables mobile operators to reduce loss by detecting previously undiscoverable revenue threats, promising to deliver up to 350% improvement over rules-based offerings. The platform uses a native Hadoop architecture, combined with real-time data ingestion, analytics, and machine learning.

    “Unsupervised machine learning delivers everything telco fraud analysts need to be efficient at and deliver immediate ROI,” said Arshak Navruzyan, vice president of product management at Argyle Data.  “The Cloudera-Argyle Data solution interoperates seamlessly with all participants in the Hadoop cluster.

  • gen-E launches OpsCenter InfiniView BI platform

    gen-E launches OpsCenter InfiniView BI platform

    gen-E launched its business intelligence platform OpsCenter InfiniView, which “goes deeper and broader than current advanced analytics software” by combining and analyzing data across an entire business and comparing it against thousands of industry best practice KPIs.

    The automated results and recommendations are presented via a real-time dashboard view to help leaders make better decisions, improve efficiency, and gain full insight into the health and performance of their business.

    OpsCenter InfiniView analyzes aggregated data and adds context to the data streams on how it impacts each other. This provides a top-down business perspective on what is happening in the environment and the reasons behind it to see how and what needs to be done to adjust the KPI.

    “Though advanced analytics has certainly accelerated digital transformation initiatives of some companies, current market solutions stop at providing visual representations of data, leaving much of the heavy lifting of analysis to department heads and business leaders,” said Marc Hayden, gen-E CEO. “OpsCenter InfiniView provides decision making support through actual insights – it’s more intelligent business analytics.”

  • Intel India debuts three digital literacy projects

    Intel India debuts three digital literacy projects

    In a bid to bridge the digital divide in India, Intel has launched three projects to accelerate digital literacy at the grassroots level.

    Intel India aims to reach out to the population in rural areas, upskill citizens in tier two cities and beyond and encourage innovation at the local level.

    The chip manufacturing company will partner with state governments and the central government to set up 100 digital learning centers at Common Service Centres (CSCs) in rural areas. The company will work with state governments that are active on the Digital India program.

    “We are thrilled to see the progress made through our collaboration with the government of India on various initiatives like ‘Digital India’ that are bringing technology and innovation mainstream in India,” Robby Swinnen, General Manager, Intel Corporation (Asia-Pacific & Japan) said in a statement.

    Building on the momentum of its “Ek Kadam Unnati Ki Aur” initiative to accelerate access to technology in non-urban India, Intel India e-launched its latest “Unnati Kendra at Common Service Centre” (UK at CSC) in Karnal, the first in Haryana. The ‘UK at CSC’ will serve as the common access digital learning centers for people of the state.

    Intel India is working with the government to open a network of up to 100 ‘UK at CSC’ facilities across 10 states this year, with 10 such facilities already set up in the state of Telangana. The “Digital Unnati” website, set up in collaboration with the CSC e-Governance Services India Ltd, will enable Village Level Entrepreneurs (VLEs) to learn how to assemble a PC online and upskill their technology know-how.

    In addition, the Intel and Government of India’s Department of Science & Technology (DST) Innovate for Digital India Challenge will be launched later on in the year. The challenge supports local innovation and entrepreneurship and is a nationwide competition inviting technology solutions to solve real problems faced by citizens.

    “Intel India is fully committed to achieving the realization of a truly Digital India and has been supporting this vision by fostering innovation and upskilling of the non-urban population,” sums up Debjani Ghosh, vice president, sales and marketing and director, Intel South Asia.

  • Toyota resumes production in all Japan plants after quakes

    Toyota resumes production in all Japan plants after quakes

    Japanese carmaker Toyota Motors on Friday resumed production at all assembly lines in the country after operations were halted at most facilities due to powerful quakes that struck the nation in April.

    A company spokesperson told EFE news that the last five production lines that had remained closed due to the quakes were back online.

    The carmaker was forced to halt production in 26 of its 30 plants in Japan due to shortages of components manufactured by suppliers near the Kumamoto and Oita prefectures, which were the worst affected in the quakes.

    The temporary halt in operations in those assembly lines had affected the production of around 80,000 units, according to Japanese daily Nikkei.

    Transport and communications in several parts of Kumamoto and Oita are still experiencing disruption after the tremors, the worst since the March 2011 earthquake that caused a devastating tsunami.

    The recent quakes have also led to the temporary closure of factories owned by Japanese and foreign firms.

    Automotive manufacturers Mitsubishi and Honda Motors, and electronics giant Sony, also halted production at their Japan factories.

    The first 6.5-magnitude earthquake hit the area on April 14, followed on April 16 by a powerful 7.3-magnitude earthquake that caused building collapses and landslides.

  • Tesla calls out to build a million all-electric cars a year by 2020

    Tesla calls out to build a million all-electric cars a year by 2020

    Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors Inc build a million all-electric cars a year by 2020.

    Musk says he is “hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four years – a challenge even for established carmakers.

    Tesla on Wednesday said it would build 500,000 cars in 2018, two years ahead of schedule, and close to 1 million by 2020. The same day Tesla said its vice presidents in charge of production and manufacturing were leaving.

    “You’re looking at a company with significant levels of management turnover at the highest ends, people without experience in the planning, design or build of vehicles, and you expect to crank it up at those kinds of volumes?” asked Michigan-based auto manufacturing consultant Michael Tracy.

    Putting aside the issue of capital requirements, auto experts point to a shortage of manufacturing engineers, whose ranks were thinning out even before the U.S. auto crisis hit in 2008.

    “It’s a constant issue we have in this country,” said Garth Motschenbacher, director of employer relations at Michigan State University’s College of Engineering.

    “For the longest time manufacturing was seen as the dirty end of engineering,” he said.

    At the same time, Alphabet’s Google and Apple are working on car programs and courting the same potential employees. So are established auto names like Ford Motor Co, General Motors Co and Toyota Motor Corp .

    A 2015 Deloitte report found it takes three months to hire skilled engineers, and the shortage is crimping manufacturers.

    Robust early reservations for the upcoming Model 3 mass-market car may have assured Musk of demand, but now comes the execution, said automotive recruiter Stephen Parkford.

    “It’s like reservations for a restaurant that’s not open yet. You got the menu, but you don’t have a chef!” he said.

    Hiring a highly proven production engineer from a traditional carmaker who arrived with his entire team could speed the process, Parkford said.

    But while young engineers will jump at the chance to work for Tesla, the “by-the-numbers, disciplined manufacturing guys” with 15-20 years experience will be harder to nab, said Cuneyt Oge, president of the Society of Automotive Engineers. One key obstacle is the high price of living in Silicon Valley.

    Musk needs a visionary auto industry veteran, Oge said. “But anyone with that kind of experience is going to say, ‘Hey, Elon, you can’t do this in two years.’”

    Tesla is known for pushing the envelope on design and technology but has stumbled in manufacturing, with prior launches marked by delays and quality issues.

    Traditional automakers have more human and financial resources than cash-burning Tesla: Tracy pointed to Nissan Motor Co Ltd’s ability in 2004 to bring in 200 engineers from Japan to help fix quality issues at its recently opened assembly plant in Canton, Mississippi.

    “Greybeards” are crucial to build and run factory systems, said Oge. “You can’t just defy the laws of business physics which require you to go down a learning curve collectively to build that systems know-how,” he said.

    While Tesla employees may cite Musk’s tirelessness and attention to detail, even bedding down inside his Fremont, California factory, others like consultant Tracy see a worrying sign.

    “If Elon is sleeping in a sleeping bag in a conference room off of the final assembly line, then there’s an awful lot happening in that factory that’s wrong,” Tracy said.

  • Hyundai raids Bentley to turbo-charge Genesis luxury drive

    Hyundai raids Bentley to turbo-charge Genesis luxury drive

    After poaching Bentley’s design chief last year, Hyundai Motor said on Monday that it has also secured the services of the luxury marquee’s exterior designer.

    Hyundai issued a statement saying Sangyup Lee will start work next month as its head of design, after Reuters reported the hiring of the Korean designer by the South Korean auto giant.

    Lee is being brought in to work with Luc Donckerwolke, a Peruvian-born Belgian, to lead Hyundai’s development of its Genesis premium car brand – a project driven by Chung Euisun, heir-apparent to the Hyundai Group.

    “Lee will help…enhance the design competitiveness of both the Hyundai and Genesis brands with his abundant experience in designing high-end luxury vehicles,” Hyundai said in its statement.

    “His challenging and innovative design languages fit well with the DNA of Hyundai Motor.”

    Hyundai Motor, which sells some 8 million cars a year, sees limited growth unless it breaks into new markets, a person close to the automaker told Reuters. For the South Korean firm, that means premium cars and maybe pick-up trucks and parts of Southeast Asia.

    Lee said he has joined Hyundai Motor as a vice president in charge of Hyundai and Genesis design, reporting to Donckerwolke, who will head up Hyundai’s new Prestige Design Division, as well as being global head of Hyundai design – a reporting arrangement that Hyundai also confirmed on Monday.

    Bentley spokesman Andrew Roberts confirmed Lee “has resigned from Bentley to take a position at another brand.”

    Lee, 46, ran Bentley’s exterior design since 2012 having previously worked at Volkswagen group’s design center in California, and General Motors. He played a lead role in designing the Chevrolet Corvette, Stingray and Camaro – which featured in the “Transformers” movies – and Bentley’s Bentayga SUV.

    “CLEAN SHEET”

    Lee told Reuters the ex-Bentley design duo aim to make Genesis a recognized global premium brand as new disruptive technologies such as autonomous, connected cars and alternative propulsion systems alter the auto design landscape.

    “Because of these technologies, the car industry is about to hit a crossroads. The future is truly open,” he said. “It’s difficult to say if all the prestigious brands today will still be around in 10-20 years.”

    Lee, who says he was first approached by Hyundai two years ago, said he and Donckerwolke plan to design Genesis cars from a “clean sheet of paper”.

    “For decades, luxury brands such as Bentley, Aston Martin and Maserati have been about possession,” he said. “In the future, as disruptive technologies kick in, luxury is going to be about experience. People are going to look for a special experience rather than something special to own.”

    GLOBAL LEGACY

    As “mobility on demand” – the once futuristic concept of calling up a robot-car by smartphone – takes hold, Hyundai predicts many households in the United States, its biggest market, will no longer own two, or three cars, but spend more on one car, said the person close to the company.

    “That means upscale cars,” he said, adding “profitability-wise, the luxury segment is much better, too.”

    That fits with Chung’s aspiration to not just drive the Genesis brand but elevate the Hyundai name to an elite global corporate league alongside the likes of BMW, Boeing and Apple.

    “That’s his legacy. ES (Euisun) wants to make Hyundai a truly globally recognized and respected company,” the person said.

    Chung was involved with hiring both Donckerwolke and Lee, as well as Manfred Fitzgerald, former brand and design director at Lamborghini who was named earlier this year as head of Genesis, said another person with knowledge of the matter.

  • ClearStory jazzes up data wrangling solution

    ClearStory jazzes up data wrangling solution

    ClearStory Data has updated its Spark-based Data Inference and Intelligent Data Harmonization capabilities through further machine-based discovery and scoring of data sources and their contents.

    This is meant to drive fine-tuned recommendations to users who otherwise struggle in wrestling data and combining disparate sources to answer new questions.

    This innovation computes and keeps track of alternate and even richer data blending and harmonization strategies so users can quickly identify and pick the data sources and elements that serve to accurately and quickly answer business questions.

    The benefit to organizations is up to 20 times faster data discovery when determining the optimal overlap between large, disparate data sets and the ability to scale data discovery and preparation across more data complex sources and more users.

    ClearStory provides the speed and flexibility that businesses need to ask and answer questions quickly based on data that is constantly evolving and in flux.

    ClearStory’s business-optimized usability, coupled with an intelligent, machine-based approach to discovering and combining data even on large, complex sources, ensures a fast, consistent and simple experience so anyone can be self-sufficient in combining data and answering questions.

    ClearStory Data’s new capabilities are offered as a core part of the ClearStory solution and customers can experience it starting in two weeks as part of their standard offering.

  • South Korea says Nissan manipulated emissions, plans fine and recall

    South Korea says Nissan manipulated emissions, plans fine and recall

    outh Korea said that Nissan Motor had manipulated emissions on a diesel sport utility vehicle and that it planned to fine the automaker as well as sue the head of its Korean operations.

    The government said the Japanese automaker had used a so-called defeat device that helps a vehicle’s emissions management system turn off during regular driving conditions.

    Nissan denied any wrongdoing.

    “Nissan Motor has never illegally manipulated any vehicles we have produced so far and used defeat devices in those cars,” the automaker’s Korea unit said in a statement.

    The South Korean environment ministry said it planned to fine Nissan 330 million won ($279,920) for manipulating emissions on its Qashqai SUV. It will also order a recall of the 814 Qashqai vehicles sold in the country so far.

    South Korea conducted tests on 20 diesel vehicles, after finding in November that Germany’s Volkswagen AG had falsified emissions tests.

  • CIMB’s Corporate Card Solutions to see big growth

    CIMB’s Corporate Card Solutions to see big growth

    CIMB Bank Bhd’s newly-launched Corporate Card Solutions is expected to gain significant growth momentum, given that it is a gamechanger in the market.

    In collaboration with MasterCard, the CIMB Corporate Card Solutions offers convenience, control and transparency for business operational expenditure, through its corporate card, purchasing card and virtual card solutions.

    “We are very excited about this launch because the corporate segment has been a domain of the consumer segment in the past.

    “This is a very new solution, for us and in the market as well.

    “A lot of banks now do not do this business,” said CIMB Group transaction banking head Thomas Tan after the launch ceremony yesterday.

    New cards: (from left) MasterCard South-East Asia Indonesia, Malaysia and Brunei group country manager and Islamic payments group head Safdar Khan, Zafrul, MasterCard Asia/Pacific co-president Ari Sarker, and Tan having a closer look at the mock credit cards at the launch of CIMB’s Corporate Card Solutions.

    The Corporate Card Solutions offers unique, customised solutions for companies, such as setting spending limits and customising merchant categories by each individual card holder, with real-time overview of employees’ travel and entertainment expenditure.

    Meanwhile, the purchasing card automates the company’s procurement process by capturing card transactions in real time, which facilitates account reconciliation.

    Companies also have the option to decide on the billing cycles, like a 45-day or 60-day credit interest-free period, unlike consumer credit cards which have one determined billing cycle.

    As for the virtual card solution, businesses can randomly generate a 16-digit virtual card number that is associated with a specific payment, which is then securely transmitted to a specific supplier when payment is due.

    Data is captured real time and matching a unique virtual card number to a specific payment improves reconciliation and aids data analysis.

    These solutions help optimise cash flow, enabling businesses to operate more efficiently through the entire value chain.

    “In today’s business environment where cost management is a high priority, it is our aspiration to help organisations to significantly improve their operational and cost efficiency by automating their transactional flows.

    “These solutions offer unique savings features by optimising cashflows and working capital.

    “Our digital banking solutions such as these are also a response to Bank Negara Malaysia’s call for a reduction in the usage of cheques from 207 million in 2011 to 100 million by 2020,” said CIMB Group chief executive Tengku Datuk Sri Zafrul Aziz.

    The CIMB Corporate Card Solutions is targeted towards government and state agencies, small and medium enterprises (SME) as well as corporate sectors.

    Prior to yesterday’s official launch, CIMB had converted five corporate clients to its Corporate Card Solutions during the soft launch.