Tag: asia

  • Adonara Hotel Group to Open 20 New Hotels

    Adonara Hotel Group to Open 20 New Hotels

    Amor added the Adonara Group will open the 20 new hotels in Bali, Makassar (Sulawesi), Yogyakarta, Bangka (administratively part of Sumatra) and Solo (Central Java). These locations were selected as local demand for hostelry is considered high enough. Moreover, the central government of Indonesia has high hopes for the tourism sector. By expanding the tourism sector the government seeks to reduce the economy’s reliance on exports of raw commodities. By 2019 the government targets to attract 20 million visitors (per year), more than double 9.73 million foreign visitor arrivals in 2015.

    With regard to the exact location Adonara aims for provincial capital cities, located nearby airports or industrial estates. Amor said it requires approximately IDR 30 billion (approx. USD $2.3 million) to develop a budget hotel or two-star hotel (with around 100 rooms) in Indonesia. The return of investment (ROI) is estimated at 6 – 7 years. The ROI for four-star hotels is estimated at 8 – 10 years.

    E-commerce is becoming an increasingly important part of Adonara’s business. Currently, approximately 30 percent of total room reservations are done online. To support its hotel business the group acquired the Room Today Asia platform.

    Up to this year’s 3rd quarter Indonesia’s hotel industry has been bleak. However, Amor sees a rebounding hotel industry in 2017 as Indonesia’s economic growth accelerates, while inflation is expected to remain low, thus boosting domestic investors’ purchasing power.

    On its website Adonara describes itself as a hotel operator that manages unique three – five star hotels as well as budget hotels in various locations across Indonesia (Sumatra, Java, Bali, Kalimantan, Sulawesi and Papua).

  • Indonesia promotes tourism branding at World Travel Market

    Indonesia promotes tourism branding at World Travel Market

    The Tourism Ministry is promoting a tourism brand of Wonderful Indonesia at the global travel fair of World Travel Market (WTM) in London from November 7 to 9, 2016.

    By promoting the event, the ministry is featuring the beauty of Banyuwangi (East Java) images on five decker buses from October 31 till the end of November, according to a statement from the Tourism Ministry received by ANTARA here on Wednesday.

    Indonesia has signed an agreement as the prime sponsor of the travel fair. Tourism Minister Arief Yahya said the agreement will help in promoting Indonesian tourism.

    “WTM is a global travel fair. As in 2015, around 50 thousand tourism professionals from 183 countries participated in the fair,” the minister said.

    He added that WTM was an effective and efficient media to promote Indonesia and its tourism brand of Wonderful Indonesia in the global market.

    With a visa-free policy and deregulation on yacht or cruise ship travelling to Indonesia, the government expects 20 million foreign tourists by 2019, nearly double the target of 10.4 million set in 2015.

    At the fair, the Indonesian delegation will showcase UNESCOs world heritage of Borobudur Temple, Prambanan Temple in Central Java, diving spots in Raja Ampat in Papua, as well as golf, spa and shopping tour in Jakarta and Bandung (West Java).

    The UK and European Union are very important markets, as the number of potential tourists is quite great. Each tourist would stay at least for 10 days on average and would spend a huge amount during their trip.

  • Indonesia faces increasing senior-citizen population

    Indonesia faces increasing senior-citizen population

    Indonesia is facing the problem of a growing number of elderly people who are expected to reach over 32 million in the next two decades.

    Indonesia’s elderly in 2010 was 4.9 percent of the population, or 11,878,236 people. This number is projected to increase to 10.8 percent, or 32,112,361 people in 2035.

    Senior researcher Sukamdi of the Center for Population and Policy Studies (PSKK) of the Gadjah Mada University (UGM) said the country is actually going to face a big problem.

    “The same issue also occurs in other countries such as Japan. However, there is no awareness of the fact we have a big problem with the elderly. In my view, Indonesia has not shown a sufficient response to the problem of the elderly,” Sukamdi said on the UGM campus on Saturday.

    The data at the UGMs PSSK on Indonesias Population projections from 2010 to 2035 indicate the percentage of the elderly population will increase to 100 percent, he said.

    The postproductive age group or age older than 65 years, has now become an important issue because it could become a potential or expense in the human life cycle as a whole, according to him.

    “If in the current productive age a person, he or she, is capable of saving, then when he or she becomes older or no longer productive in terms of the economic aspect, he or she will not become a burden to the state,” he said.

    Anyone being old or being elderly will face three gaps, he said.

    First, the geographical gap, namely, the relationship or the physical encounters between parents and children, will be increasingly rare, he said.

    Second, the cultural gap, namely, the differences in perspectives and values between parents and children.

    Third is the economic gap.

    “The third gap is being faced increasingly by the elderly. We heard the news yesterday, that in Condong Catur there was an elderly person who died but it was only five days later that the family and neighbors came to know. This is just one example, but in fact there have been several similar cases,” Sukamdi said.

    Regarding the elderly, the Office of the High Commissioner for Human Rights strives to ensure that neglected population groups are given space and weight in the human-rights agenda, and that governments take all measures required to protect and promote their human rights.

    The Indonesian government, through the Ministry of Social Affairs, has prepared the Assistance for the Elderly but for the time being it has reached only 30,000 neglected elderly.

    In November 2016 the assistance will reach 125,000 neglected elderly over 70 years by involving them in the Family Hope Program (PKH) in order to receive 200,000 rupec per month, each.

    With the Family Hope Program, the social affairs minister says the government will reach 155,000 needy elderly, although the number is still far from the overall number of neglected elderly.

    Currently, the overall number of neglected elderly is recorded at 1.8 million, and 1.6 million of whom are potentially displaced in the face of the demographic bonus, expected to lead to a positive impact on economic development and progress in the field of agriculture and industry.

    In the meantime, all Asean member countries are facing the same social issues related to the social welfare of children, the elderly and persons with disabilities.

    “The Asean countries, including Indonesia, are dealing with issues connected to the protection of children, elderly and disabled,” Social Affairs Minister Khofifah Indar Parawansa said at the ninth Asean Regional Meeting on Development and Social Welfare in Jakarta late last month.

    Earlier, Khofifah, along with several of her counterparts from the Asean countries and China, Japan and South Korea, discussed many such social problems.

    The minister said the Asean countries are facing a variety of issues related to children, including the problem of online pornography. A proposal to stem this problem has been initiated Malaysia with a proposal.

    “There was a recommendation at a meeting about children held last June in Vietnam. Many countries are facing such problems, as also those related to protection of abandoned children,” Khofifah noted.

    She said inputs given by Asean and three Asian countries which participated in the meeting emphasized the importance of checking child trafficking and ensuring childrens education, including quality standards in early childhood education and parenting.

    Most Asean countries will have a large number of the elderly people, and, therefore, should take measures to facilitate them in their daily life, especially those who are active and productive.

    “Some programs have been carried out well in Japan, China and South Korea and will be a basis to strengthen cooperation among the Asean and the three countries on the issue,” the minister concluded.

  • Reebok restructure to be fast-tracked

    Reebok restructure to be fast-tracked

    The new CEO of Adidas says he plans to streamline and restructure the ailing Reebok business as a priority under his watch.

    CEO Kasper Rorsted, in a conference call with business media, also promised a completion of the sale of the Adidas TaylorMade golf business by the end of this year, even if that meant booking a loss.

    While its core Adidas brand business is performing well enough to prompt four raises in the company’s financial outlook this year, a Reebok restructure is necessary while the unit continues to struggle.

    “We’ll give Reebok more freedom to operate globally, and more responsibility in the US,” Rorsted said. “We’ll get a more focused organisation, and that will enable us to continue the momentum we have right now of Adidas in the US and it will make Reebok stronger.”

    Rorsted will move Reebok’s headquarters from Canton to new premises in Boston where the team will be 100 per cent Reebok, with about 150 jobs cut. At least one US factory will be closed and the US store network cut back to focus on wholesale. Restructuring is estimated to cost $33 million.

    Adidas has been converting Reebok from a traditional sports shoe maker into a fitness brand. Top-line sales growth has grown for the last 14 quarters, but it still lags its parent.

    “We have to be realistic. Reebok is growing slower than Adidas and our competition, and we have seen no growth in North America in the past three years. And lastly, the profitability is significantly below the group average. It’s time to get back to the gym and redouble our efforts on Reebok.”

    So strong is Adidas performing the costs of restructuring and  a potential loss on the sale of the golf business is unlikely to impact on group profit. And Rorsted indicated there was no sign of any slowing in Adidas’ growth.

    “The consumer centric approach has increased our brand desirability and relevance with the consumers. You can see that not only in our markets or in our revenue numbers, but also in the market share gains in the key categories and markets where we are active.”

  • President hopes economy to grow more than 6 percent in 2018

    President hopes economy to grow more than 6 percent in 2018

    President Joko Widodo (Jokowi) said he hopes the countrys economy could grow more than six percent in 2018 that the 2018 state budget would get healthier.

    “In entering the year 2018, the first thing we want is a growth of more than six percent,” the president said when opening a plenary session of the cabinet at the state palace here on Wednesday.

    Jokowi said he was aware it would not be easy because for that there should be a growth of more than 10 in the investment sector.

    He then asked the head of the Capital Investment Coordinating Board (BKPM) to report estimates including steps that have to be taken to boost investment.

    “The consumption sector needs to grow more than 5 percent, exports are also expected to grow by at least 4 percent and imports by at least two to three percent,” he said.

    He said, however, the figures still leave rooms for corrections or an increase.

    He said he wanted discussion and debate on the 2018 state budget made earlier that implementation would be better.

    Almost all cabinet ministers and head of government agencies attended the cabinet plenary session.

  • Indonesia, Australia discuss free trade agreement

    Indonesia, Australia discuss free trade agreement

    Australian Minister of Trade, Tourism and Investment Steven Ciobo has met Indonesian Minister of Trade Enggartiasto Lukita in Australia on Sunday to discuss free trade agreements.

    Press releases from the Department of Foreign Affairs and Trade of Australia received by ANTARA here on Sunday said that Minister Enggartiasto is visiting Australia to discuss the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

    IA-CEPA will generate economic framework which is expected to make closer relations between Indonesia and Australia besides opening up markets and new opportunities for both countries.

    According to Ciabo, the negotiations are going forward as the two countries continue to work to finalize the deal.

    “Minister Lukita and I have agreed to make ambitious and high quality deals,” Ciabo said, adding that the IA-CEPA can transform Australia and Indonesia economic partnership.

    Indonesia is Australias important neighbor and great regional partner, with the value of two-way trade between Australia and Indonesia amounting to US$15 billion in 2015, Ciabo noted.

    “IA-CEPA will bring our economies closer and allow Australian and Indonesian businesses to take advantages,” he said.

    IA-CEPA will create business opportunities for Australia and Indonesia to jointly work on those opportunities that will continue to develop in the future.

  • Australia leads top ten sources of tourist arrivals in Bali

    Australia leads top ten sources of tourist arrivals in Bali

    Australia led the ten top sources of tourist arrivals in the resort island of Bali in the January-September 2016 period, an official said.

    “The number of Australian tourists visiting Bali in the first nine months of this year reached 850,326, up 16.85 percent from 727,678 in the same period last year,” chief of the Central Statistics Agency (BPS) Office in Bali, Adi Nugroho said here on Sunday.

    Most of the Australian tourists traveled to Bali by direct flights. Only 18,554 of them went to the island by cruise liner.

    More and more Australians visited Bali as they regarded it as their “second home”, he said.

    Australia contributed 23.36 percent of the overall tourist arrivals in Bali at 3.63 million over the period, up 21.69 percent compared to the same period last year when the figure was recorded at 2.99 million.

    Adi Nugroho said nine of the ten top sources of tourist arrivals in bali saw a significant increase in the number of tourist arrivals in Bali. Only the number of Malaysian tourists fell 6.64 percent to 138,203 from 138,203.

    Meanwhile, China occupied the second place with 35.84 percent of the total budget fund.

  • Pharma in Indonesia: Competing for Higher Margins

    Pharma in Indonesia: Competing for Higher Margins

    IPMG members – including Novartis, Merck, Bayer, Boehringer Ingelheim, and Pfizer – have invested more than USD $1 billion in Indonesia’s pharmaceutical industry over the past few years, particularity for the construction of factories and clinical research (source: AmCham Indonesia).

    An example is Bayer, which recently invested 8.1 million euros in the expansion of its factory in Cimanggis (West Java). This factory produces multivitamins and medicines, about 75% of which is exported to 26 countries.

    Concurrently, Indonesia’s largest pharmaceutical company, Kalbe Farma, is shifting from being a maker of generic drugs to a high-tech pharma developer. Besides producing cancer drugs, Kalbe has been investing in R&D on stem cell therapies. Significantly, a lack of generic substitutes in these fields in Indonesia implies no government-set price ceilings, and therefore these products offer higher margins.

    In fact, there are more than 200 drugmakers in Indonesia, most of which produce only low-margin generics. While they control 95% of the market by volume, they have a combined 75% share in value terms. Therefore the few multinationals operating in the country have been able to make more profits because of their focus on high-value products.

    Such activities are taking place while Indonesian President Joko Widodo is pushing its universal health care program to cover the country’s projected population of 270 million by 2019, a leap from the 170 million currently covered. This year for the first time, government expenditures on health care reached the legally mandated 5% of the state budget. Health care spending is expected to grow 12% every year through 2020.

    To join the discussion on all developments in this industry sign up for CPhI South East Asia and its LinkedIn group. CPhI is the must-attend pharma event in Indonesia comprising of a trade show and state of the art conference where the regional industry meets to leverage connections, knowledge and insight to spur business. Launched 6 years ago, the next edition takes place during 22-24 March 2017 at JIExpo in Jakarta. Workshops and exhibitors’ presentations will add into the mix, and will complement the 3 days together with a business matchmaking platform.

  • E-commerce roadmap will boost Indonesian young entrepreneurs` growth

    E-commerce roadmap will boost Indonesian young entrepreneurs` growth

    The Indonesian Young Entrepreneurs Association (Hipmi) of Yogyakarta supports the governments plan to formulate an e-commerce roadmap by early 2017.

    “The e-commerce roadmap to be launched by the government is a step in the right direction as it will encourage Indonesian young entrepreneurs and help them in expanding their business,” a Yogyakarta Hipmi member, Gunarta Adibrata, said here on Wednesday.

    Also, such a roadmap will help those starting their businesses in accessing the e-commerce system.

    “Young entrepreneurs will find the e-commerce business roadmap very beneficial,” Gunarta noted.

    According to him, young entrepreneurs need such assistance in order to grow their businesses.

    In addition, the governments timely interventions and support will increase the markets confidence in the ability of the young entrepreneurs.

    “Such an e-commerce roadmap must have clarity about taxation and consumer protection. These two things will add a positive value and enhance business certainty for those using the e-commerce system,” Gunarta noted.

    Earlier, the government had stated that the e-commerce roadmap, aimed at regulating and stimulating e-commerce transactions in Indonesia, will be released in early 2017.

  • Indonesia to operate Becakayu Toll Road by 2017

    Indonesia to operate Becakayu Toll Road by 2017

    Indonesia will start to operate 8 kilometers of the 11-kilometers section of the new Bekasi-Cawang-Kampung Melayu (Becakayu) toll road connecting Bekasi City and Jakarta by March 2017.

    “I believe by March, the 8 kilometers toll road can start operations. I hope we can operate both lanes, so there will be 16 kilometers of the new toll road,” Indonesian President Joko Widodo (Jokowi) said here on Monday.

    Jokowi conducted a visit to Becakayu toll road construction to observe the progress.

    According to Jokowi, the toll project had been stopped for 22 years since 1997. The government restarted the project in 2015.

    Indonesia plans to start operations of the 11 kilometers of the toll project by 2017.

    The toll road will hopefully decrease traffic density between Bekasi and Jakarta.

    The Becakayu Toll Road will also connect with the Jakarta Outer Ring Road (JORR) lane that integrates with outer Jakarta areas.

    Jokowi said there were no obstructions from land acquisition of Becakayu Toll Road.

    “We have no problems as we have bailout investment. The assistance could accelerate the construction,” he said.

    Indonesia is boosting its infrastructure sectors such as airports, ports, roads and highways, and railways to develop the economy.

    The president also asked ministers to help attract and support private investments in the infrastructure sectors.

    According to the president, there were several areas in which such investments can support the development of infrastructure. Such an investment can be made by private sector players, state enterprises or via Public-Private Partnership (PPP) route.

    “Infrastructure development shouldnt depend only on the State Budget or Regional Budget. We should open such opportunities for the private sector and for non-government investments,” the president said here on Wednesday.

  • UPS has entered into a definitive purchase agreement to acquire Marken

    UPS has entered into a definitive purchase agreement to acquire Marken

    UPS has entered into a definitive purchase agreement to acquire Marken, a supply chain company dedicated to the pharmaceutical and life sciences industries.

    The transaction is expected to close by December 31, 2016.

    “Healthcare logistics is a strategic market for UPS,” said Teresa Finley, chief marketing and business services officer at UPS. “Our acquisition of Marken strengthens our portfolio and demonstrates our commitment to customers. We plan to offer new solutions to our customers and generate further growth opportunities for UPS.

    Marken will be operated as a wholly owned UPS subsidiary and will have access to the UPS integrated global network.

    “We are excited to join the UPS organization,” said Wes Wheeler, chief executive officer of Marken. “UPS’s capabilities, particularly in mature markets, will provide many opportunities for us to enhance our service offerings in clinical trials logistics. With UPS, we will improve our efficiency, while continuing to provide our clients with the high-touch, personalized services that they have come to expect from us.”

    Marken has more than 650 employees in 44 locations worldwide and operates 10 depots that are compliant with Good Manufacturing Practices, according to UPS.

     

  • South Korea among G20’s top IoT-ready markets

    South Korea among G20’s top IoT-ready markets

    The United States, South Korea, and the United Kingdom ranked as the three countries in the G20 most ready to contribute to and benefit from the IoT, according to IDC.

    The research firm said  the US scored particularly well on measures such as ease of doing business, government effectiveness, innovation, and cloud infrastructure, as well as technology spending as a percent of GDP.

    Meanwhile, South Korea scored extremely well on IoT-specific spending and has a business environment that fosters innovation and promotes attractive investment opportunities.

    Similarly, the UK scored very highly on measures of ease of doing business, government effectiveness, regulatory quality, start-up procedures, innovation, and broadband penetration.

    The standout country in the ranking, however, proved to be Australia, which, despite its relatively small GDP, scored exceptionally high on ease of doing business and start-up procedures, government effectiveness and regulatory quality, and innovation and education.

    The original index was first published in 2013 but the updated index is now comprised of 13 criteria that IDC views as necessary for sustained development of the IoT and reflects each nation’s economic stature, technological preparedness, and business readiness to benefit from the efficiencies linked to IoT solutions.

    “Countries are keen to become or maintain a competitive advantage and, as such, are looking to the Internet of Things as one of those initiatives,” said Vernon Turner, senior vice president, Enterprise Systems and IDC fellow for the IoT.

    “Knowing where a country stands in the IoT Index will help global and local IT vendors know what opportunities lie ahead of them as they line up their strategies at federal, local, and enterprise levels.”

  • Huawei launches IoT accelerator in Singapore

    Huawei launches IoT accelerator in Singapore

    Huawei has teamed up with the National University of Singapore (NUS) to launch its first IoT-focused accelerator in Singapore.

    The vendor will work with NUS’ entrepreneurial arm NUS Enterprise to provide start-ups with mentorship, access to investors, access to industry-grade test beds, and global co-marketing opportunities.

    Known as i5Lab, the accelerator seeks to support the development of Singapore’s next unicorn company by nurturing promising start-ups with Huawei’s real network environment and open platform as well as its global Go-to-Market channel capability.

    Huawei said i5Lab will follow the model of established Huawei collaborations with leading software and industry partners to develop solutions that will build a competitive industry ecosystem.

    As a global leading ICT player in 170 countries, Huawei works with 45 of the world’s top 50 telecommunications providers that provides connection to two-thirds of the world’s population.

    Start-ups will be able to leverage Huawei’s global partner ecosystem, and will also be invited to participate in joint marketing through Huawei’s Customer Solution Innovation & Integration Experience Center (CSIC), and large-scale events such as NUS Enterprise’s flagship event InnovFest unbound and CommunicAsia.

    “With one of the most connected societies, open data sets and high-skilled ready talent, Singapore is an excellent test bed to nurture IoT ideas that will bring us closer to a smarter future. We hope that start-ups will make full use of this collaborative platform and leverage on accumulated knowledge of industry-leading technology and expertise from Huawei and our global partners,” Huawei CMO for Southern Pacific Lim Chee Siong said.

  • HKBN expands OTT video tie-up with TVB

    HKBN expands OTT video tie-up with TVB

    HKBN has expanded its relationship with broadcaster TVB covering the delivery of TVB’s myTV SUPER set-top box service.

    The operator has ordered an additional 450,000 set top boxes from TVB to meet customer demand, and has raised its target for the number of set-top boxes to be installed by the end of 2019 to 850,000.

    HKBN first launched myTV SUPER set-top boxes for its residential broadband customers in April, and has so far signed up 250,000 customers to the service. Adoption has been faster than expected – HKBN had an initial sales target of 400,000 set-top boxes within the first 18 months.

    The expanded agreement also covers collaboration on market opportunities outside of Hong Kong, using TVB’s new OTT service TVB Anywhere. The service will allow users to buy VOD titles as a gift and send them to recipients around the world.

    HKBN is also using its expertise to introduce TVB to overseas operator partners. The first phase of the international expansion is commencing in Canada.

    “Throughout the past seven months, the launch of our broadband and myTV SUPER service bundles has been extremely successful. Mindful of this, we’re determined to step up our strategic cooperation,” HKBN CEO William Yeung said.

    “Not only will we continue to bring amazing entertainment content to the homes and mobile devices of HKBN customers in Hong Kong, but we will also extend our partnership to the overseas markets, creating a stronger alliance so that more customers can benefit.”

  • India’s BSNL seeks 700-MHz spectrum

    India’s BSNL seeks 700-MHz spectrum

    Indian state-owned operator BSNL has approached the nation’s telecoms ministry seeking a portion of the 700-MHz spectrum that was left unsold during the recent major spectrum auction.

    The operator has proposed that a 5 MHz block in the 700-MHz band be assigned to the operator through an equity route.

    Under the proposal, in lieu of payment, the government’s paid-up equity in BSNL would increase by the value of the spectrum.

    BSNL officials told the news agency that the 700-MHz band, when combined with the company’s existing 2500-MHz holdings, would put the operator in a position to roll out 4G services across India.

    With India’s telecom market transitioning towards 4G, this would allow BSNL to compete against private sector incumbents as well as newcomer Reliance Jio Infocomm.

    The 700-MHz spectrum put up for sale during India’s recent $9.8 billion spectrum auction went completely unsold – despite the attractiveness of the band for mobile operators – due to a high reserve price. Operators had already accrued substantial debts during previous auctions, and shied away from both the 700-MHz and 900-MHz bands.