Tag: Indonesia

  • French Manufacturer to Release Smartphone in Indonesia

    French Manufacturer to Release Smartphone in Indonesia

    French smartphone vendor, Wiko Mobile, will release its latest product in Indonesia this Friday. The product dubbed Pulp Fab is expected to enliven smartphone sales competition at the beginning of the year.

    Chief Sales Officer Wiko Mobile Indonesia Sung Khiun said the product has various advanced features.  “To enjoy its various applications through a 2GB RAM,” he said in Solo on Tuesday, Jan. 19.

    Pulp Fab features an octa-core processor, allowing maximum performance when running game apps and high resolution HD films.  Its believe to be able to optimize multitasking performance when switching from one app to another.

    One of the advantages of Pulp Fab is the Floating Video Player feature.  Through this feature, users can enjoy watching video while doing other activities simultaneously.  In other words, users can minimize the video display when displaying other apps on the smartphone screen.

    Pulp Fab will come with a 13MP rear camera and 5MP front camera.  Its camera resolution will be able to satisfy users in capturing important moments.  “Including selfie lovers,” said Sung Khiun.

    For game lovers, Wiko has added a USB On The Go (OTG) feature for on the handset, which is compatible with a mouse.

    Pulp Fab sport a 5.5-inch HD display with 1280×720 pixels.  Its design is a combination of premium metallic frame effect and soft leather on the back.

    Unfortunately, Sung Khiun is still reluctant to leak its price which is scheduled to make its roll out in Bandung.  “It will definitely be under Rp2 million,” he said.  With the relatively cheap price, Wiko hopes  to expand its market segment, starting from entrepreneurs, office workers, and teenagers.

  • Indonesia retail sales growth rebounds

    Indonesia retail sales growth rebounds

    Indonesia retail sales rose 10.2 per cent year on year in November, according to data from Bank Indonesia.

    The rise followed a lesser 8.7 per cent growth in October, a figure revised downwards by 0.1 per cent this week.

    But the bank predicts weaker growth in December – as little as 6.7 per cent – with retailers pessimistic despite expectations of increasing sales of recreational goods, cultural items and parts and accessories.

    Bank Indonesia surveys 700 retailers in 10 cities to compile the monthly trend data.

    Food, beverages and tobacco were the major drivers of November’s growth.

    The bank said the survey expected price pressures will cool off over the  next three months.

  • Fashion Business will Grow in 2016, Association Says

    Fashion Business will Grow in 2016, Association Says

    Dwi Iskandar, chairman of Bali Indonesian Fashion Chamber (IFC), said that the fashion business in Indonesia is expected to grow by 20 to 30 percent in 2016.

    “We believed that [2016] is better than last year. We also hope our members will use Balinese fabrics, such as the endek, tenun and songket so that the fabric can be recognized outside Bali,” said Dwi on Monday, January 18, 2016.

    Dwi believed that Indonesian fashion products, especially from Bali, has the ability to compete with products fron other Southeast Asian countries. Dwi added that Indonesian fashion products has its own local cultural richness.

    “Last year, we promote flashy colors. For this year, we will still be colorful, but with a more natural touch with monochrome colors,” Dwi said.

    Dwi added that textile export from Bali will continue to attract customers. “Our products are mostly exported to Europe and Asia. Compared with other Southeast Asian countries, they can’t compete with Indonesia because business players in Indonesia focues on quality rather that quantity,” said Dwi.

  • Kertajati airport project to cost Rp3.7 trillion

    Kertajati airport project to cost Rp3.7 trillion

    The Kertajati airport project in West Java will cost around Rp3.7 trillion, to be paid by the central governmernt West Java Governor Ahmad Heryawan said.

    The central government through the transport ministry will finance the construction of the international airport in the regency of Majalengka, the governor said here on Monday.

    President Joko Widodo announced the decision on the project financing during his visit to Majalengka on Sunday.

    The governor said construction of the runway and the monitoring tower will cost around Rp1.6 trillion and the terminal and other facilities will cost around Rp2.1 trillion.

    The West Java administration is to pay only for the 1,800 hectare land clearing, the governor said, adding land clearing has been 1,000 hectares completed.

  • CIMB: No more job cuts in Malaysia, Indonesia this year

    CIMB: No more job cuts in Malaysia, Indonesia this year

    CIMB Group will not undertake any more job cuts in Malaysia and Indonesia in 2016 after last year’s mutual separation scheme exercise.

    CIMB Group chief executive Tengku Zafrul Aziz said the bank was now focused on improving productivity and meeting its business agenda.

    “We have done the mutual separation scheme and we are not planning to do it any more here or in Indonesia,” he told reporters after presenting prizes to winners of the CIMB Asean Stock Challenge 2015 in Kuala Lumpur today.

    On Friday, CIMB cut 32 jobs in its Hong Kong investment banking and equities business due to worsening capital market conditions.

    Zafrul said for the first six months of 2016, the bank expected the outlook to be challenging based on the current economic environment.

    “But having said that, I think the bank has started to appreciate because if we look at the capital and equity ratio of all banks in Malaysia, we more than meet the requirement by the central bank.

    “We are also looking at a compatible growth economic growth of between 4.5 and 4.8 percent for the banking industry this year,” he added.

  • Foreign Investors Eyeing Indonesia’s Movie Theater Industry

    Foreign Investors Eyeing Indonesia’s Movie Theater Industry

    Foreign investors have had their eyes on Indonesia’s movie theater business for quite some time now. According to the information collected, there are investors from South Korea, Germany, Britain, and India that have made approaches; expressing their desire to invest in the industry.

    One of said foreign investor is Lotte Group. In 2012, the group made aggressive approaches to the government, with plans to open up to 100 cinemas in Indonesia.

    In mid last year, Deutsche Bank and Rothschild Group expressed their interest to provide US$ 100 million for the expansion of Cinemaxx, a cinema network owned by the Lippo Group. Using that fund, Cinemaxx aimed to open 2,000 theaters over the next ten years.

    Endah W. Sulistianti, the deputy for Regional Inter-Agency Relations and Creative Economy Agency, confirmed that foreign investors are attracted to Indonesia’s movie theater business. However, the law prohibits the industry from being entered by foreign investors.

    “Right now the government is discussing over the possibility of allowing foreign investment in the cinema business,” she said last week.

    Hilmar Farid, Director General of Culture, said that the government actually has no problem with foreign involvement in the industry—provided that it poses no harm to national interests. He said it is important to make sure that if foreign investment is allowed, Indonesian cinemas will not only play foreign films.

    “There needs to be clear regulations and the sharing scheme must be clear as well,” Hilmar said during his interview.

  • Tourism has recovered 100 pct after Jakarta bombing

    Tourism has recovered 100 pct after Jakarta bombing

    Tourism Minister Arief Yahya said the Indonesian tourism had returned to normal and recovered 100 percent after the terror acts and bomb explosions in Thamrin Boulevard in Central Jakarta last Thursday.

    He said that Jakarta, particularly area around Thamrin Boulevard, has returned to normal after it was rocked by the January 14, 2016 suicide bombing and shootouts between police and terrorists.

    The normal condition is like what many people in the social media have described that Jakarta has returned to normal life as usual days.

    “Many people even thronged the bomb explosion site of the police station to take their profile pictures,” the minister said.

    During the car-free day on Sundays in the Thamrin Boulevard residents usually use the HI Traffic Circle, National Monument Square and Senayan as points of gathering.

    But this time (Sunday Jan.17), they changed their points of gathering. The police station at the intersection where the suicide bombing occurred on Thursday became their favorite point of assembling.

    According to the minister the Jakarta residents are clearly not afraid. They have no doubts to have their picture with the bombing site as the background. They could later change their profile pictures on the social media, he said.

    “So, the security condition has really returned to normal. Residents can act personally to report the facts and real condition in the Internet through their twitter accounts, facebook, instagram, path, pinterest and others,” the tourism minister said.

    On Thursday (Jan 14), two terrorists launched suicide attacks on a police station in Thamrin Boulevard near the Sarinah Department Store, which was followed by a shootout between three other terrorists and the police at the Starbucks Coffee shop adjacent to the Sarinah Department store.

    Within hours, the police were able to thwart the attackers, shooting to death three of them while two others died in the suicidal bombing. The incident also left three civilians dead (one died at a hospital three days later) and 32 injured, including police personnel.

    Jakarta Metropolitan Police Command Chief Inspector General Tito Karnavian has confirmed that the terrorists who orchestrated the attack in Jakarta on Thursday were linked to the ISIS terror group.

    “Our team is now on the lookout for members of this terror network who are linked to the ISIS group in Raqqa,” he stated during a press conference held at the presidential office following a meeting led by the president on the issue on Thursday evening.

    He said the ISIS group had changed its strategy. They earlier operated only in Syria and Iraq, but after their leader, Abubakar Baghdadi, ordered them to spread their activities outside Iraq and Syria, they had begun setting up ISIS terror modules across the world, he explained.

    “The terror cells can be found in France, Europe, North Africa, Turkey as well as Southeast Asia, including Indonesia, Malaysia, the Philippines, Thailand, and other countries,” he pointed out.

    In Southeast Asia, there is a figure keen to set up a “Khatibah Nusantara,” and he wants to be the leader of the ISIS group in the region.

    “Of late, a rivalry for leadership has developed. In the Philippines, they have set up a terror module in South Philippines, and now, multiple people are competing for leadership. In this connection, one of the ISIS figures launched these attacks. Meanwhile, we have identified the group, and we are still tracking them down,” Tito affirmed

  • OGIO Announces First Retail Store Opening in Indonesia

    OGIO Announces First Retail Store Opening in Indonesia

    Following the highly successful introductions of their first 3 flagship store locations in Beijing, Shanghai and Seoul, South Korea, OGIO International announces the opening of its first retail store in Jakarta, Indonesia. The Jakarta location officially opened to the public on December 1st. The location, in the heart of Jakarta’s bustling Gambir Sub-District, is designed to house all of OGIO’s product collections.

    Investorideas.com Newswire

    “We are excited that our brand retail platform continues to be a major driver of growth for our international distributors and for our brand,” said OGIO CEO Tony Palma. “We feel that these flagship stores allow for a great introduction of OGIO to local customers around the world.”

    “The Jakarta location is our way of introducing our customers to the OGIO brand in Indonesia,” said Setiawan Sodhi, CEO at distribution partner PT Raja. “We feel that OGIO’s brand identity can really connect with the end consumer in Indonesia. Our customers will love OGIO’s adrenaline-driven styling in all of the various product collections.”

    Investorideas.com Newswire

    OGIO anticipates a second new flagship location in Indonesia, in the tourist mecca of Bali, slated for opening in 2016. With retail concepts successfully executed in China, Korea, Japan, Italy and Indonesia, OGIO continues to grow its international lifestyle business by double digits.

    “The success of our retail locations in other countries, both flagship stores and shop-in-shop concepts, has really caught the attention of many of our International distribution partners”, said OGIO’s GVP of International Mark Talarico. “The retail store concept is proving itself to be a fantastic marketing, sales, and most importantly, brand awareness driver for our distributors.”

  • Indonesia Wants Netflix to Open Office, Pay Tax

    Indonesia Wants Netflix to Open Office, Pay Tax

    If Netflix wants to obtain a but, the company must obey local regulations, such as opening an office and hiring employees. Furthermore, it must also obey tax regulations, which means every transaction with Netflix in Indonesia will be taxed.

    According to Kompas.com, the obligation to have a business license also applies to other over-the-top Internet-based services, such as Google and Facebook.

    These permanent businesses are required to pay corporate income tax and value added tax for every transaction made in Indonesia.

    Netflix’s video-streaming service went live in more than 130 countries, including Indonesia, last Wednesday as chief executive Reed Hastings aimed to counter slowing growth in the US.

    Indonesian users can choose from three monthly subscription plans on Netflix, with the basic plan priced at Rp 109,000 ($8) per month.

  • Singapore-Indonesia Talk Agribusiness Export

    Singapore-Indonesia Talk Agribusiness Export

    Minister of Foreign Affairs Retno Marsudi received her Singaporean counterpart Vivian Balakrishnan at the Foreign Affairs Ministry building in Jakarta today, January 13. This meeting between the two ministers is their second after the ASEAN Summit in Kuala Lumpur in November last year.

    For Mr. Balakrishnan, this is his introductory visit to Indonesia since he was appointed as Singapore’s Foreign Affairs Minister in October 2015. In the meeting, the two ministers talked about a number of important issues.

    “The relationship between Indonesia and Singapore is one of the most intensive bilateral ties due to our geographic proximity and tight work relations,” Minister Retno said in an official statement on Wednesday, January 13.

    The ministers talked about how to enhance economic ties between the two nations. One way is through agribusiness exports.

    “Singapore needs this product, while Indonesia has the capacity. The geographic proximity between the two countries is a potential than can be brought closer,” the minister said.

    Indonesia and Singapore are planning to hold agribusiness collaborations in the fields of cool storage and infrastructure standard.

    The two ministers also discussed about the potential for a partnership in the manpower sector. Minister Retno said that, in the future, Indonesia will enhance the quality of skilled workers – particularly in fields with high demands such as therapists, caregivers, and other.

    The meeting was also spent talking about regional cooperation, ASEAN in particular, and the plan for Singapore’s Prime Minister to visit Indonesia.

    In addition to meeting Minister Retno, Mr. Balakrishnan’s trip to Indonesia also included an honorary visit to President Joko WIdodo and Luhut Pandjaitan, Coordinating Minister of Law and Human Rights.

    Singapore is Indonesia’s second largest trading partner after China. In 2014, the trading value between Indonesia and Singapore reached US$42 billion.

    In terms of investment, Singapore is Indonesia’s biggest investor. In 2014, Singapore’s investment actualization in Indonesia valued at US$5.8 billion. Singapore is also Indonesia’s largest contributor of foreign tourists, with more than 1.5 million Singaporeans visiting Indonesia per year on average.

  • Siemens studies participation in Indonesia`s electricity program

    Siemens studies participation in Indonesia`s electricity program

    German company Siemens Energy Sector is studying the possibility of taking part in the governments program in the electricity sector.

    The government has a program to build power plants with a total capacity of 35,000 megawatts until 2019.

    Member of the board of management of Siemens Lisa Davis met Vice President M. Jusuf Kalla on Tuesday discussing Siemens interest in taking part in carrying out the program.

    Lisa said Siemens has long been venturing in Indonesia taking part in the government development program especially in development of power plants.

    She also expressed interest in cooperating with the state power utility company PLN in building power plants.

    “We discussed a lot of things in the energy sector such as in power generating plant, power transmission facility and distribution of power,” she said.

    She said involvement of Siemens in the 35,000 MW electric program would open many jobs in the country.

    Siemens has produced electrical components and Indonesia is a potential market for the products.

    “We see Indonesia a potential market for our manufactured products. That is the reason for our interest in cooperation with the Indonesian government,” she added.

    German Ambassador Georg Witschel, who accompanied Lisa at the meeting with the vice president, said Germany will also be ready to offer help for Indonesia in the implementation of its programs including in its electricity program.

  • Komodo Island named Indonesia`s main marine tourist destination

    Komodo Island named Indonesia`s main marine tourist destination

    The Ministry of Tourism has mapped Komodo Island as one of the 12 major marine tourist destinations in Indonesia.

    The other destinations included in the list are Wakatobi in Southeast Sulawesi, Derawan in East Kalimantan, Raja Ampat in Papua, Nias in North Sumatra, Mentawai in West Sumatra, Ujung Kulon in West Java, Anak Krakatau in Sunda Strait, Tomini in Central Sulawesi, and Bali and Lombok in West Nusa Tenggara.

    “The twelve islands are included in the blueprint of the marine tourism development plan for natural resources and creative economy in promoting the brand Wonderful Indonesia,” Welly Rame Rohimone, acting head of the provincial tourism and creative economy office, stated here on Tuesday.

    Komodo Island, the natural habitat of the Komodo dragon (Varanus kommodoensis), has been selected as one of the new seven Wonders of Nature. The tourist area is ideal for diving and cruise tourism.

    “East Nusa Tenggara will be developed as Indonesias tourism gateway besides Bali, West Nusa Tenggara, and ten other islands,” Rohimone noted.

    The Komodo dragon in Komodo National Park can be found on the islands of Rica, Padar, and Komodo.

    “Sail Indonesia, being held since 2009, has also been organized in East Nusa Tenggara in 2013 under the name of Sail Komodo,” he emphasized.

    Komodo Island, with a land area of 390 square kilometers, has a population of over two thousand.

    The island has a beach with sand that appears pink as it contains a mixture of white sand and red sand, formed from pieces of Foraminifera.

  • CNBC to launch channel in Indonesia

    CNBC to launch channel in Indonesia

    Financial news channel CNBC has struck a deal with PT Trans Media Corpora to launch a CNBC-branded channel in Indonesia.

    CNBC Indonesia is to enter Southeast Asia’s largest economy later this year, and will be a Bahasa-language service.

    Mark Hoffman, chairman of CNBC, said that the deal with Trans Media underpins the broadcaster’s emerging markets strategy.

    “We are pleased to bring CNBC’s unique and robust content proposition to millions of Indonesians in their local language, further opening the world of international business and finance to a growing economic powerhouse,” Hoffman said.

    Chairul Tanjung, founder and chairman of PT Trans Media Corpora’s parent company, CT Corp, said: “The primary objectives of the CNBC Indonesia venture are to facilitate global business conversations in Bahasa Indonesia, to educate our growing middle class, and to facilitate better information flow for decision making. This will help realise the full potential of the capital markets and businesses, accelerating the economic development of Indonesia.”

    CNBC’s announced launch comes just three months after rival Bloomberg closed its Indonesian joint venture after running into financial difficulties. Bloomberg is still looking for a new local partner to revive its Indonesian ambitions, Mumbrella understands.

  • Snapcart docket scanning concept wins funding

    Snapcart docket scanning concept wins funding

    An Indonesia-based startup that runs a service offering consumers rewards in exchange for scans of their shopping receipts has received US$1.675 million in funding just four months after launching.

    New investors in Snapcart, Wavemaker Partners and Singapore Press Holding’s SPH Media Fund, along with existing backers SMDV (Sinar Mas Digital Ventures) and Ardent Capital, launched the funding round – described as “pre-Series A” – as the company started exploring expansion options in Southeast Asia, reports Techcrunch.

    Snapcart’s business is two-fold: one one side it allows customers to scan their store receipts in exchange for cashback and rewards; on the other side, information from the receipts is compiled and used to provide clients, such as consulting agencies, with reports and information about consumer spending and shopping habits – valuable, because it is not easy to track offline commerce.

    Snapcart CEO and founder Reynazran Royono says the company has scaled faster than initially anticipated, with the funding round being wrapped up a few months ahead of schedule.

    He says the new capital will be used to develop more products, including engagement videos and analytical dashboard tools that will enable client brands to view customer behaviour in real time. There are more than 35 Snapcart clients including L’Oreal, Nestle, Procter & Gamble and Unilever.

    “The amount of data we’re receiving is humongous,” says Royono, who previously worked as a consultant for Procter & Gamble and Boston Consulting.

    So far, Snapcart for Android has clocked 150,000 downloads and has 85,000 monthly active users in Indonesia. An IOS app is about to be released.

    TechCrunch.com says Snapcart is expected to push beyond its initial focus on FMCG into other verticals, and the company is looking at other options that could involve small retails.

    Snapcart is also investigating regional expansion, adding former Procter & Gamble market research director Mayeth Condicion as chief data officer and co-founder. Condicion is based in Manila, which will be Snapcart’s first international expansion and soon home to its data analytics team. Jakarta will remain its technology hub.

    Meanwhile, the company is thinking of a second funding round about the middle of this year so it can push ahead with its expansion plans. Snapcart aims to achieve one million user downloads in less than 12 months.

  • CNBC, Trans Media partnership; Government to study Netflix impact

    CNBC, Trans Media partnership; Government to study Netflix impact

    CNBC and Trans Media will launch CNBC Indonesia

    CNBC and the media company own by tycoon Chaerul Tanjung will launch new media services CNBC Indonesia, a dedicated business, financial TV and digital news service in Bahasa.  The partnership agreement was signed in Jakarta by Mark Hoffman, chairman of CNBC and Chairul Tanjung, founder & chairman of Trans Media Corpora’s parent company, CT Corp. Specific launch dates for the digital and TV services are expected to be announced later this year.

    According to Hoffman, the collaboration with Trans Media is a strong addition to the suite of strategic partnerships underpinning CNBC’s emerging markets strategy.

    “We are pleased to bring CNBC’s unique and robust content proposition to millions of Indonesians in their local language, further opening the world of international business and finance to a growing economic powerhouse,” said Hoffman.

    “The primary objectives of the CNBC Indonesia venture are to facilitate global business conversations in Bahasa Indonesia, to educate our growing middle class, and to facilitate better information flow for decision making. This will help realize the full potential of the capital markets and businesses, accelerating the economic development of Indonesia,” added Tanjung.

    Netflix’s presence might affect existing players

    Communication and InformationTechnology Minister Rudiantara said, Netflix’s presence might affect existing playres in the entertainment industry and other online businesses. Hence, his ministry would seek advice from the Culture and Education Ministry to look into the content available on Netflix to gauge its impact on society.

    “If the disadvantages outweigh the advantages, then something must be done to fix that. We have to study the Netflix entrance carefully as we do not want to hinder technology for the sake of the public,” he stated.

    However, Rudiantara was confident that the country’s internet infrastructure would be ready, especially mobile broadband networks to support a service like Netflix.

    Netflix’s listed Indonesian rates are Rp 109,000 per month for its basic service, Rp 139,000 a month for its standard service and Rp 169,000 a month for its premium service.

    Netflix was founded in 1997 with headquarter in in Los Gatos, California. In, 2007, the company grabbed headlines as it delivered its billionth DVD in the United States. The on-demand streaming service was later often cited by media as one of the factors that led to the bankruptcy of video rental chain Blockbuster.

    Currently, Netflix is already available in 60 countries worldwide and aims to cover 200 countries by the end of 2016.