Tag: Indonesia

  • Kushikatsu Daruma plans Asian expansion

    Kushikatsu Daruma plans Asian expansion

    An iconic Japanese restaurant chain Kushikatsu Daruma has opened its first outlet outside its home market – and announced plans to enter three more Asian countries.

    Kushikatsu Daruma opened its first restaurant in 1929 at the foot of Tsutenkaku, the famous landmark tower in Shin-Sekai, Osaka. Since then it has expanded to 13 restaurants in Japan and this month it opened its first overseas – in the Taipei of Zhongshan in Taiwan.

    The restaurant was opened by G7 International, the overseas investment arm of G-7 Holdingsfollowing a licence agreement struck last June with Daruma International, a subsidiary of Ichimonkai, parent of Kushikatsu Daruma.

    G7 has the rights to develop the brand overseas and says it is already in talks with Ichimonkai to open restaurants in Vietnam, Malaysia and Indonesia.

    Kushikatsu Daruma Zhongshan Chang’an Store, which opened on Tuesday, has a floor space of about 150 sqm and seats 60 people. It trades from 11.30am to 10pm daily.

    Back in Japan, Kushikatsu Daruma has since become known in the Kansai area for good taste and affordable prices, with customers queuing at opening time every day. It specialises in cooking kushikatsu – skewered and grilled cutlets of meat, fish, vegetables and other ingredients.

    The G-7 Group is a mega franchisee operating Autobacs, Business Supermarket and other franchise stores with about 250 stores in Japan and seven stores abroad.

    “Taking advantage of the G7 Group’s accumulated management know-how and Kushikatsu Daruma priding itself on good taste in general… G7 International will proceed to open more restaurants in Southeast Asia,” the company said in a statement.

  • mCommerce boom raises cybersecurity risk

    mCommerce boom raises cybersecurity risk

    Asia’s mComerce boom is creating a growing target for online fraud and cybersecurity risks, according to fraud consultancy Fico Group.

    Criminals who used to focus on ATM skimming are turning their attention online in an effort to compromise credit and debit card data. These attacks can be far more lucrative, with more details stolen and a lower chance of getting caught, warns Fico.

    “The demographics suggest that this this will soon become a very big data problem.  In the next 15 years, Asia is expected to add another 1 billion internet users, which comes on top of the 700 million it has today, making it the world’s largest market for online consumers.”

    With fraud challenges growing, the issues and technologies needed to address them will be discussed this week in Bali, Indonesia, where Fico will hold its regional Fraud Forum with bank executives from across Asia Pacific.

    The last year alone has seen an average 22 per cent increase in shopping on mobile phones across 13 Asia-Pacific markets, according to a 2015 study from Visa. Indonesia, China and Taiwan reported the highest rates of growth for 2015 at 36 per cent, 34 per cent and 28 per cent respectively.

    With these card-not-present (CNP) transactions, the retailer never sees the customer or their physical card, and the cardholder doesn’t enter their PIN. At last year’s Fico Asia Pacific Fraud Forum in Singapore, 94 per cent of attendees said that cases of online or CNP fraud had increased at their organisation.

    Spotting and finding anomalies in this pool of data requires sophisticated self-learning and adaptive technologies so banks can catch fraud vectors as quickly as criminals exploit them. Fico is currently testing the geolocation abilities of mobile devices and integrating them with the Fico Falcon Platform, which protects 2.5 billion payment cards worldwide. By validating whether a consumer’s phone is in the same place where their card is being used, the system can reduce false positives while focusing on the most likely incidents of fraud. Banks can also send SMS messages to the consumer’s mobile to validate a transaction in real time.

    Maintaining trust in shopping from mobile devices will also require a new approach to cybersecurity. Data breaches at poorly protected retailers can threaten ecommerce sales. Predictive analytics is needed, rather than signature-based solutions, so that so-called “zero day” attacks can be identified and controlled.

    Raed Taji, head of global fraud consulting for Fico in Asia Pacific, said: “We are seeing rapid changes in customer behavior which then open up opportunities for fraud. In Australia, for example, cash withdrawals from ATMs have fallen 20 per cent in three years, thanks to

    tap-and-go card and mobile payment technologies. The focus on online fraud is growing very rapidly, so we must stay nimble to reduce losses.”

    Dan McConaghy, president for Fico in Asia Pacific, added: “Digital disruption to financial services may present fraud challenges, but it also presents opportunities for us to stop criminals. If consumer payments shift toward a new form of payment, fraudsters will seek out the most vulnerable element – which increasingly means a mobile device.

    “By investing in an analytics-based solution, lenders can add a powerful tool to their arsenal to stay ahead of new criminal fraud patterns.”

  • Indonesia to Import 1m Tons of Pakistan Rice in New Deal

    Indonesia to Import 1m Tons of Pakistan Rice in New Deal

    Indonesia to Import 1m Tons of Pakistan Rice in New Deal. Pakistan is the world 11th largest rice producer with annual production of 6.9 million tons milled rice.

    Indonesia will import 1 million metric tons of milled rice over the next four years from Pakistan, in a move to shield the country’s food security against volatile weather patterns.

    The two governments, represented by Indonesia’s Trade Minister Thomas Trikasih Lembong and Pakistan’s Ambassador to Indonesia Mohammad Aqil Nadeem, signed a memorandum of understanding on Tuesday.

    The deal, with an estimated worth of $400 million in imports between 2016 and 2019, will be executed by Indonesia’s procurement agency, Bulog, and Pakistan’s Trading Corporation of Pakistan.

    Indonesia currently has similar MoU with Cambodia, Myanmar, Thailand and Vietnam, though only some of the deals have been realized.

    Pakistan is the world 11th largest rice producer with annual production of 6.9 million tons of milled rice.

    The country saw trade with Indonesia rise 27 percent to $2.2 billion last year following a Preferential Trade Agreement in 2013.

    Indonesia enjoyed $1.8 billion surplus in the trade, thanks to its palm oil exports.

  • Indonesia to Unveil First Local-made Plane after N250

    Indonesia to Unveil First Local-made Plane after N250

    PT Dirgantara Indonesia, (Persero) or PT DI, today will roll-out the N219, the first plane Indonesia has made again after the N250, which was made in 1995.  The N219 is the result of a collaboration between Dirgantara Indonesia and the National Aeronautics Space Agency (Lapan).

    The roll-out—a term for unveiling an airplane for the first time—was supposed to be done in August, but the plane was only ready by November. The roll-out marks that the N219 prototype is ready to be introduced to the public,

    Initially, President Joko Widodo was supposed to attend the unveiling ceremony. But Widodo had canceled his trip to Bandung, where he was supposed to open the 2015 Anti Corruption Festival and the N219 roll-out ceremony.

    Dirgantara Indonesia president director Budi Santoso said that the N219 could mark the beginning of the revival of Indonesia’a aerospace industry.

    “We hope it will help create synergy between industrial sectors and absorb skillful labor,” he said today, December 10.

  • Indonesia Promotes Tourism in Macau

    Indonesia Promotes Tourism in Macau

    Rizki Handayani Mustafa, deputy of Southeast Asian Development at the Tourism Ministry said that Indonesia would promote its tourism industry to Macau in a bid to increase the number of foreign tourists visiting Indonesia.

    “For the first time Indonesia will consider Macau to be a potential tourism market for Indonesia, Rizki told Antara on Thursday, December 10.

    Rizi added that the government would introduce Indonesia with its tourism potentials. Macau travel agent head Xiao Hong said that not many people in Macau knew about Indonesia and how to get there. Therefore, Xiao Hong suggested that Indonesia must conduct more campaigns in Macau.

    “The people in Macau have high expenses, so Macau is very potential as Indonesia’s tourism market. Moreover, many Chinese tourists who visited Macau can continue their trip to Indonesia,” Hong added.

    Bobby A. Rusyandi, general manager of Garuda Indonesia Branch Office of Hong Kong, Macau and Taiwan, said that his airline would work with Ferry operator connecting Macau and Hong Kong to facilitate tourists who want to Visit Indonesia.

    “So, people from Macau who will visit Indonesia with Garuda Indonesia can use a Ferry from Macau to Hongkong, and take Garuda Indonesia from Hong Kong to Jakarta or Hong Kong to Denpasar,” Bobby explained.

    Data from the Tourism Ministry revealed that the number of Macau tourists visiting Indonesia in 2014 stood at 1,622 people.

  • Penshoppe parent plans 125 new stores

    Penshoppe parent plans 125 new stores

    Philippines fashion retailer Golden ABC says it plans to open 125 new stores in the Philippines and across Asia in 2016.

    According to CEO Bernie Liu, 100 stores will open in the company’s home market and a further 25 will open in other Asian countries, including Indonesia.

    Liu is undeterred by the rapidly rising ranks of foreign fast fashion clothing brands entering and expanding in the Philippines.

    “We have been competing with these international brands for years now in other parts of Asia. Our goal is to bring a Filipino brand into the international arena,” Liu said during the opening of three new stores at the SM Seaside City mall in Cebu.

    Golden ABC’s flagship brand – and the one most likely to be opened in Asian markets – is Penshoppe. The new Penshoppe store at SM Seaside City is the brand’s largest shop yet, with a footprint of 850 sqm, more than twice the size of a normal store.

    Golden ABC also operates the ForMe and Oxygen brands, both of which have also opened stores in SM Seaside City. The retailer has 700 stores across Asia and the Middle East. Its largest Asian markets outside the Philippines are Indonesia and Cambodia – and in Vietnam where the company recently opened a store inside the new VivoCity mall in District 7.

    “We are very encouraged by the response in Vietnam,” Liu said in an interview.

    Penshoppe has 26 stores in Indonesia, with three more under construction.

    Golden ABC also owns the Memo, Regatta and Tyler retail brands, and the direct-selling business Red Logo.

  • Indonesia to Have 151,000 Millionaires by 2020

    Indonesia to Have 151,000 Millionaires by 2020

    Research institute Credit Suisse released its 2015 Global Wealth Report, in which it projects that Indonesia would have 151,000 millionaires by 2020. This projected number is an increase of 54 percent from today’s 98,000 people.

    The increase, the report says, will happen simultaneously with the increase of Indonesians’ average wealth by more than three times in US dollars and five times in rupiah.

    Credit Suisse categorized millionaires as people with a net worth of over US$1 million. If we use the rupiah, these people would be considered billionaires as a million UD dollar is roughly worth Rp14 billion.

    For this year, Credit Suisse said that there are 987 Indonesian individuals with net worth exceeding US$50 million (Rp. 700 trillion), an 8.9 percent increase from last year. This places Indonesia at the 19th spot of the world’s top 20 countries with the most number of wealthy individuals.

    Credit Suisse claimed that the number of Indonesia’s dollar millionaires has increased by five times since the year 2000, which reflects rising inequality, seeing how the country’s rich and middle class is only 4.4 percent of the 250-million population.

    Meanwhile, Forbes placed Budi and Michael Hartono as Indonesia’s richest individuals. The Djarum Group bosses have a combined asset worth of US$15.4 billion or around Rp212.8 trillion. Coming at number two is Susilo Wonowidjojo—also a tobacco tycoon; owner of PT Gudang Garam Tbk—with US$5.5 billion (Rp. 76 trillion). The third spot is currently secured by Salim Group owner Anthoni Salim with a net worth of US$5.4 billion (Rp74.6 trillion).

  • Lazada sees opportunities in upcountry expansion

    Lazada sees opportunities in upcountry expansion

    Lazada, Southeast Asia’s largest online shopping website, is pushing its business development in Thailand in a drive to capitalise on the lucrative and rapidly growing e-commerce market.

    The company has set up two subsidiaries: Lazada Express, the logistics arm; and helloPay, the mobile payment arm.

    Having logistics and mobile payment services will help Lazada facilitate its customers and boost sales.

    In June, Lazada relocated its local representative office to a new facility to support its existing 800 employees here. The company has 6,000 employees located in Southeast Asia.

    “Thailand and Indonesia are the two largest e-commerce markets in terms of sales for Lazada in Southeast Asia,” said Alessandro Piscini, chief executive of Lazada Thailand.

    Lazada has an online footprint in six countries in the region.

    However, Mr Piscini said Thailand’s online retail industry remains tiny, accounting for less than 1% of the total retail market, compared with 10% each in China, Japan, South Korea and France.

    “We believe Thailand will soon grow at the same pace as other developed markets, helped by an expected surge in mobile data users because of the arrival of 4G commercial service nationwide,” he said.

    Lazada sees a strong opportunity for online shopping upcountry because the number of retail stores there remains small, Mr Piscini said.

    As of Nov 30, Lazada’s sales from the provinces accounted for 60% of its annual gross merchandise value (GMV), worth 10 billion baht.

    “Thailand’s sales represented 25% of Lazada’s total sales in Southeast Asia,” he said.

    Lazada recorded GMV of US$1.1 billion from the six Southeast Asian countries, with a combined 8 million buyers.

    Lazada Thailand provides more than 2 million product items from 7,000 online merchants on its website. The top three best-selling categories are health, beauty, and home and living.

    Mr Piscini said Lazada had expanded its warehouse operation by 60% to support the business growth.

    Lazada and a group of partners announced the Online Festival yesterday, to be held from Dec 10-12. The company will offer discounts of up to 90% across 14 product categories.

  • Uber says obtains government approval to operate in Jakarta

    Uber says obtains government approval to operate in Jakarta

    Uber Technologies Inc said on Tuesday it had received the green light from the Jakarta governor to operate in the Indonesian capital after giving assurances that it would comply with local tax rules and other requirements.

    Jakarta police had earlier this year deemed the U.S. car-hailing service illegal, saying its drivers did not pay the correct taxes and the company did not have the licence needed to operate as a form of public transport.

    In a statement, Uber said it is working with the office of the city’s governor, Basuki “Ahok” Tjahaja Purnama, and Indonesia’s investment coordinating board to establish itself as a legal entity in Indonesia, pay taxes, have adequate insurance and ensure its “partner vehicles” undergo regular inspection.

    “Previously there was tremendous regulatory ambiguity,” Uber spokesman Karun Arya said in an email. “Governor Ahok has now provided clear direction for Uber in terms of specific requirements for Uber and other ride sharing platforms to operate and thrive in Jakarta.”

    Uber has registered with Indonesia’s investment coordinating board as a technology or web company, Mr Arya added. There was no immediate comment from the Jakarta governor’s office.

    Privately owned Uber has grown aggressively worldwide with its matchmaker service for drivers and passengers, but a lack of regulation for the relatively new business model has brought it to the attention of authorities.

    The company is also facing stiff competition from rivals U.S.-based Lyft, China’s Didi Kuaidi, Southeast Asia’s GrabTaxi and India’s Ola, which recently formed a global ride-sharing partnership.

    In Indonesia, Uber currently operates in Bali, Bandung and Jakarta, a city notorious for its traffic congestion and lack of public transport.

    In an email, Uber said it planned to expand to more cities in Southeast Asia’s largest economy next year, and would boost the number of its drivers to 100,000 by 2017 from more than 12,000 currently.

  • MatahariMall.com, Pos Indonesia in Tandem to Boost E-Commerce

    MatahariMall.com, Pos Indonesia in Tandem to Boost E-Commerce

    Pos Indonesia will also install MatahariMall.com “eLockers,” allowing customers to physically pick up their items purchased online from lockers located in ten post offices in the Greater Jakarta area and Bandung.

    Using these services, online shoppers can also arrange delivery of their reserved items to these pickup points, instead of their home or office address, to avoid missing goods upon arrival.

    Pos Indonesia also agreed to provide logistic and delivery services to Mataharimall.com for domestic shipments.

    Like MatahariMall.com, the Jakarta Globe is affiliated with the Lippo Group.

  • Indonesia turns to floating power stations to meet short-term needs

    Indonesia turns to floating power stations to meet short-term needs

    Indonesia’s president launched the first of five new floating power stations on Tuesday, to serve as a stop gap for the country’s growing demand for power amid sluggish development of land-based plants.

    Southeast Asia’s largest economy has set an ambitious goal of building more than 35 gigawatts of power stations by 2019, the bulk of which are expected to be coal-powered.

    However, the $50 billion mega project has made slow progress since it was launched by President Joko Widodo in April, due to difficulties in acquiring land among other reasons.

    The vessels will mainly serve eastern Indonesia, an area that includes many remote islands to the east of Bali, including Sulawesi, Halmaherah, Maluku and Papua, which has suffered from slow development of power capacity.

    “Every time I go to (outer) regions it’s the same complaint: electricity crisis (and) blackouts,” Widodo said at the launch of the floating power station in Jakarta. The next four vessels will be delivered over the next six months, he said.

    “Because we are an archipelago, I think power stations on top of ships that are mobile like this are best for Indonesia,” Widodo added, referring to the five vessels owned by a subsidiary of Turkey’s Karadeniz Holdings, that will add around 540 MW of capacity to the Indonesian grid.

    Construction of a $4 billion, 2000-megawatt (MW) land-based Batang power station in Central Java has been held up by land acquisition problems since Japan’s Electric Power Development Co Ltd won the contract in 2011.

    State electricity utility Perusahaan Listrik Negara (PLN) sees the heavy fuel oil (HFO) powered floating power stations as a quick solution to meet power needs that will save costs in the short term, as heavy fuel oil is cheaper than diesel and gas.

    “The 35,000 megawatt programme still needs a long time to generate electricity that the community needs,” PLN CEO Sofyan Basir told reporters.

    Power demand is growing at around 12 percent annually in eastern Indonesia, PLN director Machnizon Masri said, adding that the region would face further shortages over the next two years if nothing was done.

    The largest of the five vessels on order, with a capacity to generate 240 MW, will be sent to North Sumatra, which has long faced power shortages due to slow progress completing projects, he said.

    Under the deal, PLN will rent the vessels for five years and only pay for the electricity they generate, Masri said.

    “This is cheaper than gas. We can save 350 billion rupiah ($25.23 million) a year if we use these in North Sulawesi and Gorontalo,” he said.

  • Indonesia needs 1 million tonnes of rice from Vietnam

    Indonesia needs 1 million tonnes of rice from Vietnam

    Indonesia plans to import one million tonnes of rice from Vietnam to meet the country’s high demand, according to Indonesian Ambassador to Vietnam Mayerfas.

    He made the statement at a press conference in Hanoi on December 4 to introduce an Indonesia trade fair and an Indonesia-Vietnam business forum slated for the middle of this month at the Hanoi International Centre for Exhibition.

    Indonesia also has great demand for Vietnamese coffee, the ambassador said, adding that the country imported 40-50 million USD worth of the commodity in 2014 and the figure is expected to increase from 2016.

    He affirmed that the trade fair and business forum, as part of the activities to celebrate 60 years of diplomatic ties between Vietnam and Indonesia, will be a valuable opportunity for both nations’ enterprises to bolster cooperation and set up business links.

    Some 100 Indonesian enterprises will showcase their high-quality products at the fair, including automobiles and spare parts, pharmaceutical and medical equipment, food and beverages, among others.

  • UOB to help Jakarta draw investments

    UOB to help Jakarta draw investments

    United Overseas Bank (UOB) is linking up with an Indonesian government agency to encourage more foreign direct investment (FDI) into Indonesia.

    Under an agreement signed yesterday, the Investment Coordinating Board (BKPM) will allow UOB clients to apply for what is called a Principle Licence here without having to travel to Indonesia.

    A foreign company must obtain the licence as an initial step to incorporating an entity there.

    BKPM, which is under the direct supervision of President Joko Widodo, supports foreign investment into the country and helps Indonesian companies venturing overseas.

    UOB said it will support Indonesian investors looking to expand overseas through BKPM’s Indonesia Investment Promotion Centre in Singapore.

    BKPM will also help UOB clients take advantage of business opportunities in Indonesia.

    Last year, Indonesia was the second-largest recipient of foreign direct investment inflows into Asean, receiving US$28.5 billion (S$40.2 billion), UOB noted.

    China’s FDI into Indonesia has increased more than fivefold over the past three years, growing from US$141 million in 2012 to US$800 million last year, UOB said.

    Mr Sam Cheong, head of UOB Foreign Direct Investment Advisory, said opportunities in the region will be boosted by the upcoming Asean Economic Community.

    Under China’s “One Belt, One Road” initiatives, trade and investment between China and South-east Asia will likely continue growing, he added.

    BKPM chairman Franky Sibarani said in a statement: “(The agreement) will help to promote investments in Indonesia across major sectors, such as the infrastructure, maritime, import substitution, export-oriented, agriculture, downstream mining, industrial estate and tourism industries.”

  • Wirecard brings mobile Tcash service to Indonesian retailers

    Wirecard brings mobile Tcash service to Indonesian retailers

    Wirecard’s Indonesian subsidiary PT Prima Vista Solusi has teamed up with PT Finnet Indonesia and PT Telekomunikasi Selular (Telkomsel) to support the acceptance of contactless, NFC-based electronic money “TCASH” at major retailers with their nationwide network.

    Customers at the retail stores can pay for their purchases and utility bills using their NFC mobile phones. Wirecard provides the NFC point-of-sale acceptance, which is integrated with the retailer’s front-end store system for optimal transaction speed and accuracy.TCASH is an electronic wallet product of Telkomsel, a subsidiary of PT Telekomunikasi Indonesia (Telkom) and Singapore Telecommunication Ltd (SingTel). The wallet enables Telkomsel’s subscribers to pay for bills, goods and services through their mobile phones, which are embedded with the TCASH NFC stickers, both online as well as point-of-sales. Telkomsel is Indonesia’s largest cellular operator with network coverage of more than 95 percent of the population in Indonesia.PT Finnet Indonesia, a joint venture between Telkom (Cq. PT. Multimedia Nusantara) and Yayasan Kesejahteraan Karyawan Bank Indonesia (Cq. PT. Mekar Prana Indah) was formally formed in January 2006 to provide IT infrastructure and services to support financial transactions nationwide. Syaiful Rahim Soenaria, Director of Business and Services, PT Finnet Indonesia (Finnet) stated: “Finnet is proud to engage strong partners like Wirecard Indonesia to continuously expand our service infrastructure, as well as bringing in innovative value-added solutions for our clients in Indonesia. It is our goal to provide the public sector with a good variety of electronic payment transaction methods for more convenience and security.”

    Ms Widhayati Darmawan, Managing Director of PT Prima Vista Solusi said: “The partnership with Telkomsel and Finnet to broaden TCASH acceptance in major retailers in Indonesia is a showcase of Wirecard’s commitment in providing relevant technologies to facilitate cashless transactions. With an approximately 250 million population and sizeable unbanked segment, Indonesia presents good potential in terms of the addressable market for electronic money and micro payment solutions.”

  • Starbucks barista Ryan Wibawa took top honors in the first ever Indonesian Brewers Cup

    Starbucks barista Ryan Wibawa took top honors in the first ever Indonesian Brewers Cup

    For Starbucks barista Ryan Wibawa, mastering coffee artistry was the key to becoming a champion.

    “I’ve worked really hard to hone my craft,” he said. “I’m now seeing the results of my hard work.”

    Wibawa took top honors in the first ever Indonesian Brewers Cup Championship finals held in central Jakarta. The competition, which occurred in stages over four months and wrapped up in November, featured 79 competitors from Bali, Jakarta and Semarang. Participants were judged on their coffee-brewing expertise, presentation skills and customer service. As the first place winner, Wibawa will represent Indonesia at the World Brewers Cup Championship in Dublin, Ireland next year.

    “This experience has given me another level of confidence to share my skills and knowledge about coffee,” said Wibawa. “I’m honored to represent Starbucks Indonesia at the World Championships in February.”

    Wibawa was first exposed to coffee when he joined Starbucks two years ago. He learned quickly and developed an enthusiasm for all things coffee. In 2014, he was selected as his district’s coffee master and earlier this year he won Starbucks Indonesia’s Barista Championships. He will also represent Indonesia at the China and Asia Pacific (CAP) region’s Starbucks Barista Championships in Hong Kong in February 2016.

    Ryan works at Indonesia’s first Starbucks Reserve store in Jakarta, where he delights customers with his coffee craft. He has also shared his expertise by training other Starbucks partners at Indonesia’s third Starbucks Reserve location in Bandung, which opened earlier this year.

    “I am proud to be a Starbucks partner,” said Wibawa. “At Starbucks, I can do what I love and what I’m passionate about, which is coffee.”

    To prepare for the Indonesian Brewers Cup Championship, Wibawa practiced twice per month with Mirza Luqman, Starbucks Indonesia’s learning and development manager.

    “Ryan was very eager and committed to learning everything about coffee,” said Luqman. “I couldn’t be happier for him.”

    “I can’t believe I will compete in the world championships,” added Wibawa. “I am so happy and proud to represent Starbucks and my country.”

    Starbucks barista Ryan Wibawa took top honors in the first ever Indonesian Brewers Cup Championship finals

    Starbucks barista Ryan Wibawa took top honors in the first ever Indonesian Brewers Cup Championship finals