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Tag: Indonesia

  • IDX Again Wins Global Islamic Finance Award

    IDX Again Wins Global Islamic Finance Award

    The Indonesia Stock Exchange (IDX) was again awarded “The Best Supporting Institution for Islamic Finance of the Year 2017” from the Global Islamic Finance Award.

    Head of IDX Communication Division Yulianto Aji Sadono in an official statement in Jakarta, Sunday (9/10/2017) said that the bourse is the only institution from Indonesia that received the award from GIFA for two consecutive years.

    “This award is a benchmark for Indonesia to show that the Indonesian Sharia Capital Market has been able to compete at the international level,” he said.

    The award was handed over directly by Edbiz Consulting CEO Sofiza and received directly by the IDX Director Tito Sulistio in China on Saturday (9/9).

    The award, he added, is inseparable from the role of IDX which consistently encourages Indonesia’s sharia capital market industry to continue to advance and develop with world-level credibility, in accordance with the company’s vision and mission.

    He said that GIFA is one of the international awards in the world’s sharia financial industry organized by EdBiz Consulting, headquartered in London. GIFA 2017 is the seventh award.

    Yulianto Aji Sadono explained that since its establishment in 1997, Syariah Capital Market of Indonesia currently has two sharia indices namely Indonesian Sharia Stock Index (ISSI) and Jakarta Islamic Index (JII), 342 sharia shares, 16 fatwas from National Sharia Council-Indonesian Ulema Council (DSN-MUI), nine Regulations of the Financial Services Authority (OJK) and one Government Sukuk (SBSN) Law.

    By trade percentage, he also said that stock transactions in the IDX are dominated by sharia-based stocks. As much as 62 percent of the total shares traded on the IDX are sharia-based stocks, or about 55 percent of the market capitalization on the Stock Exchange.

    He said the market regulator expects the sharia capital market industry to be a safe investment alternative especially for Indonesian people who want to invest in accordance with sharia principles and can give real and optimal contribution in the growth and development of a sustainable national economy.

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  • Indonesia Stock Market May Spin Its Wheels On Monday

    Indonesia Stock Market May Spin Its Wheels On Monday

    The Indonesia stock market has climbed higher in back-to-back sessions, collecting almost 35 points or 0.7 percent along the way. The Jakarta Composite Index now rests just above the 5,855-point plateau, although it may run out of steam on Monday.

    The global forecast for the Asian markets is mixed to slightly lower, with a decline in crude oil prices likely to weigh. The European and U.S. markets were roughly flat but mostly in the red, and the Asian bourses are expected to follow that lead.

    The JCI finished modestly higher on Friday following gains from the financial shares and resource stocks.

    For the day, the index advanced 24.81 points or 0.43 percent to finish at 5,857.12 after trading between 5,819.53 and 5,866.99. There were 159 gainers and 142 decliners, with 130 stocks finishing unchanged.

    Among the actives, Tiga Pilar Sejahtera Foods plummeted 5.03 percent, while Indofood Sukses perked 1.47 percent, Bumi Resources advanced 0.83 percent, Bank Pan Indonesia spiked 1.95 percent, Bank Danamon Indonesia collected 0.47 percent, Bank Mandiri jumped 1.92 percent, Bank MNC Internasional skidded 1.92 percent, Lotte Chemical added 0.78 percent, Jasa Marga shed 0.42 percent and XL Axiata gained 0.26 percent.

    The lead from Wall Street provides little clarity as stocks moved mostly lower on Friday, although the Dow eked out a modest gain.

    The Dow added 13.01 points or 0.1 percent to 21,797.79, while the NASDAQ fell 37.68 points or 0.6 percent to 6,360.19 and the S&P shed 3.67 points or 0.2 percent to 2,461.43. For the week, the NASDAQ tumbled 1.2 percent, the Dow slid 0.9 percent and the S&P lost 0.6 percent.

    The weakness came amid concerns about the economic impact of Hurricane Irma, which made landfall in Florida early Sunday. Irma followed close on the heels of Hurricane Harvey, which led to widespread devastation and flooding in Texas.

    In economic news, the Commerce Department said wholesale inventories rose more than expected in July, while the Federal Reserve said consumer credit jumped more than expected in July.

    Crude oil futures fell Friday but held onto weekly gains as data showed the U.S. oil rig count fell again in what is becoming a rough hurricane season. U.S. West Texas Intermediate light crude oil shed 2.04 percent or $1 at $48.09 a barrel.

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  • Google brings free WiFi to Indonesia

    Google brings free WiFi to Indonesia

    Google is extending its successful Google Station program to Indonesia. The company is partnering with internet service providers (ISPs), venue owners, and system integrators in Indonesia to provide consumers with free access to Wi-Fi at railway stations, universities, and other public areas.

    The expansion of the program, which was first launched in India 18 months earlier, could bring more users online, expanding Google’s global footprint and bolstering its potential ad revenue. Google Station can, in effect, boost the country’s rising internet penetration. Internet users in Indonesia increased 51% year-over-year (YoY) in January 2017, however, internet penetration remains low, at 40%. 

    By extending the program to Indonesia, Google is likely seeking to replicate the success of its Google Station program in India:

    • Free internet access has resulted in an early uptick in daily internet usage in India.In 2016, it was found that, on average, consumers used 15 times more data each day on Google’s Wi-Fi network than they did on their cell networks.
    • Offering high-speed data for free could mean new users associate Google with fast internet. Each day, around 15,000 people use one of these stations in India to connect to the internet for the first time, according to Google India Head of Connectivity Gulzar Azad.

    Google Station is just the latest effort by the company to connect the next billion users by catering to the needs of those in emerging markets. Google has previously released products and services targeted toward these smartphone users. Just last week, Google began experimenting with a light version of its Search app in Indonesia. The company is also rolling out Android Go, a low-data and budget-friendly version of the upcoming version of Android for developing markets.

    However, Google is not alone in turning to Indonesia to build out a user base. In 2015, Facebook launched its connectivity initiative, the Internet.org mobile app, in Indonesia, to get more people online. The app includes numerous connectivity strategies, including the Free Basics app, which enables consumer access to certain

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  • Indonesia focuses on attracting more Asia-Pacific tourists

    Indonesia focuses on attracting more Asia-Pacific tourists

    Indonesia is currently channeling its efforts to attract foreign tourists from Asia-Pacific countries. Deputy for Foreign Tourism Marketing Development of the Ministry of Tourism I Gde Pitana noted in a written statement in Jakarta on Friday that his office is focusing its foreign tourism marketing program this year on markets in the Asia-Pacific region.

    “Targeted countries include China, Australia, Japan, South Korea, India, and other markets,” he revealed.

    Several promotional initiatives have been prepared, for instance, by undertaking more activities in the form of exhibitions and sales missions.

    Pitana stated that from January to December 2017, his office has prepared 54 activities in the form of 30 exhibitions and 24 sales missions.

    Festivals will be promoted through 30 activities and familiarization trips of 51 activities.

    Meanwhile, promotional activities implemented in the Asia-Pacific markets until July 2017 include participation in the Incentive Travel Convention Meeting in China, Hanatour International Travel Show, International Travel Expo in Hong Kong, and ADEX Australia.

    Furthermore, in the second semester of 2017, Indonesia will participate in several important events, such as the PATA Travel Mart, JATA Tourism Expo, China International Travel Mart, and MATTA Fair.

    “The same activities were also held in the European, Middle East, American, and African markets to exploit their potential,” Pitana noted.

    It will participate in nine exhibition events, with one each in July, August, and September; as well as two exhibitions in October; and four in November 2017.

    Among the international exhibition events is the largest exhibition WTM London and World Halal Tourism Summit.

    Pitana expects to see an increase in participation and synergy among the local government, tourism business players, and other tourism stakeholders to support the international tourism marketing program in 2018.

    “Several activities involving collaboration with the local governments include with the Aceh government for the MATTA Fair and ITB in Berlin and with the Yogyakarta provincial government in the Vietnam Travel Mart. We hope that participation and synergy between the central and local governments would strengthen cooperation with associations and other elements, such as the media, academia, and community, in 2018 ” Pitana added.

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  • Inflation in August estimated to be lower at 0.02 percent

    Inflation in August estimated to be lower at 0.02 percent

    The Central Java representative of Bank Indonesia (BI) predicted that the countrys inflation in August would be lower at 0.02 percent from 0.14 percent in July.

    “The decline in inflation was a result of a cut in the prices of a number of essential goods,” Rahmat Dwisaputra of the Central Java representative of the central bank said here on Tuesday.

    Rahmat said the inflation should be stable at a lower level, adding after Ied ul Fitr inflation would be as expected by the government.

    “In June and July inflation rates were quite high. That is the trend. We will stabilize the inflation that price hike is no longer high,” he said.

    In addition to the falling prices of essential goods especially volatile foods such as chili, garlic, and red onion, the cost of education is also expected to contribute to the decline in inflation in August.

    The time when the people have to pay extra for education has been over that there is less factors contributing to inflation.

    “In September, inflation is even expected to remain low with low consumption by the people,” Rahmat said.

    With the stability maintained the purchasing power of the people is expected to be unaffected, he added.

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  • DBS launches digibank in Indonesia

    DBS launches digibank in Indonesia

    DBS Bank has launched a mobile-led bank, or “digibank”, in Indonesia. The service is paperless , requires no signatures and brings together an entire suite of innovative technology – from biometrics to artificial intelligence (AI), DBS said yesterday.

    Customers using digibank Indonesia will be able to tap features such as biometric technology, customer service that is provided by a 24/7 AI-driven virtual assistant, an intelligent financial planning and monitoring service, and an in-built security system.

    DBS Indonesia president director Paulus Sutisna said: “Over the past few years, Indonesia has seen a rapid growth in the number of Internet and smartphone users. Along with this, we’ve witnessed a change in customer behaviour, and people increasingly want a simple, fast and effortless way to bank.

    “As a bank that is committed to shaping the future of banking, we’re excited to introduce digibank in Indonesia, giving customers the ability to bank any time, anywhere,” he said.

    The Indonesian government has said it expects the country’s digital economy to reach US$130 billion (S$175.7 billion), or about 12 per cent of its gross domestic product, in 2020, as the economy shifts from a commodity-led to service-based one. A recent survey found that Internet users in Indonesia make up 51.8 per cent, or 132.7 million people, of the population, while another poll noted around 91 per cent of Indonesian citizens have a mobile phone and 47 per cent own smartphones.

    Along with the growing Internet penetration, Indonesia’s Financial Authority Services said the number of customers using e-banking has grown from 13.6 million in 2012 to 54 million last year. The frequency of Internet banking transactions has also increased, from 150.8 million in 2012 to 406.6 million last year.

    “A few years ago, we would not have imagined that it would be possible to launch an entire bank in a mobile phone,” said DBS chief executive Piyush Gupta.

    “With digibank, we’ve built a bank that pulls together the power of biometrics, natural language, artificial intelligence and in-built security in one offering. We believe this mobile-led offering represents the future of banking.”

    The launch follows a similar roll-out in India last April, which enabled DBS to penetrate India’s retail banking market, with about 1.5 million new customers acquired to date.

  • AirAsia sets up new holding company for Indonesian ops

    AirAsia sets up new holding company for Indonesian ops

    AirAsia will partially dispose of and convert its perpetual securities investments in PT Indonesia AirAsia (IAA) into new shares in a company listed on the Indonesia stock exchange.

    The low-cost carrier said on Tuesday PT Rimau Multi Putra Pertama TBK (RMPP), will effectively become the new holding company of IAA, with 57.25% stake in the Indonesian carrier.

    At present, AirAsia has a 49% stake in IAA, while the remaining majority stake belongs to PT Fersindo Nusaperkasa (FNP) owing to a foreign ownership cap on Indonesian airlines.

    Subsequent to the exercise, AirAsia via its unit AirAsia Investment Ltd (AAIL) and FNP will own up to 48% and 49.96% equity interest in RMPP respectively.

    AAIL and FNP will subscribe for the remaining unsubscribed rights shares offered in the rights Issue after allotment for an amount up to 10.4 trillion rights issue shares in exchange for IAA perpetual securities with a nominal value of 2.6 trillion rupiah.

    Upon completion of the rights issue, the IAA perpetual securities will be converted into up to 241,067 newly issued common shares in IAA equivalent to 57.25% equity interest in the company.

    Assuming there is full public subscription to the rights issue, AirAsia will have a 21.05% indirect stake in IAA via RMPP. In the event of no public subscription it will have a indirect 27.48% stake in the Indonesian airline.

    In a separate announcement, AirAsia has proposed an internal reorganisation by exchanging the entire issued share capital of AirAsia Bhd with matching new ordinary shares in a new investment holding company called AirAsia Group Bhd.

    AirAsia Group will assume the listing status of AirAsia Bhd.

    Trading in AirAsia shares was suspended at 2.30pm on Tuesday for the remainder of the trading day. It was up two sen or 0.6% to RM3.33 on volume of 6.13 million shares done.

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  • Pertamina boosts production with new technology

    Pertamina boosts production with new technology

    State-owned oil company Pertamina EP (a subsidiary of Pertamina) is using the underbalance drilling new technology to boost its oil and gas production.

    The technology is being used as a new strategy and innovation to exploit production at the Jatibarang old oil field, which is being cultivated since 1972.

    The Jatibarang field includes both onshore and offshore fields, Jatibarang Oil Field Manager Herman Rachmadi said in Jatigarang, Friday.

    He revealed that the Jatibarang field was divided into nine structures, namely the Sindang, the Karangbaru, the Randegan, the Cemara, the Tugu Barat, the Gantar, the Waled Utara, the Kandanghaur and the X-ray structure for the offshore field.

    At the Jatibarang structure, the drilling work is done using the underbalance drilling technology. “The depth target of wells with this technology is 2,000 meters and will be done for a period of two months,” he affirmed.

    The other strategy and programs used in the Jatibarang field to increase oil and gas production is the repair program, fracturing, well maintenance, conversion lifting and stimulation.

    This year, Jatibarang is handling the maintenance of 30 wells, 59 intervention wells and 26 workover wells.

    PT Pertamina EP is also carrying out stimulation programs in wells that experience sedimentation and an increase in the water content.

    Currently, the average production of Jatibarang is 5,500 BOPD. The structure which significantly contributes to the production is the X-ray structure with a production of 2,100 BOPD, and the Jatibarang structure with a production of 1,000 BOPD.

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  • Bank operations smooth despite ATM problem

    Bank operations smooth despite ATM problem

    Senior deputy governor of Indonesias central bank Mirza Adityaswara assured here on Sunday that banking operations in the country remained smooth despite troubles at automatic teller machines since Friday afternoon due to a Telkom-1 satellie problem.

    “We as payment authorities assured that operations of banks have remained smooth and ATMs that have troubles will immediately have their channel shifted,” he said at a training event for journalists.

    He said Bank Indnesia as the countrys central bank has received reports from banks affected by the Telkom-satellite anomaly adding that not all ATMs have been affected.

    “Not all ATMs have troubles but only some of them because not all banks use VSAT network,” he said.

    Mirza said PT Telekomunikadi Indonesia Tbk. has already taken efforts to overcome the problem, adding that service of payment system remained as usual.

    “Telkom certainly has taken maximum efforts to shift the channel to the new satellite,” he said.

    He said Bank Indonesia kept monitoring the developmemt of the restoration and coordinating with banks and other agencies concerned with regard to the problem.

    To anticipate cash demand of the public he said Bank Indonesia continued supporting banks with cash supply.

    “There is no cash supply problem,” he assured.

    The executive director of the communication department of Bank Indonesia, Agusman, said that the banks that had trouble with their ATMs have been working jointly with PT Telkom to restore the situation.

    The restoration is done by moving the satellite connection that was affected to Telkom 3S satellite or others, he explained.

    Agusman said Bank Indonesia as payment system authorities and rupiah currency management is prepared to support banks to serve public fund transfers.

    “The Bank Indonesia Real Time Gross

    Settlement (BI-RTGS), the Bank Indonesia National Clearing System (SKNBI) and Bank Indonesia Scripless Sevurities Settiement Systen (BI-SSSS) still operate normally,” he said.

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  • Auto industry calls for luxury tax cut on sedans

    Auto industry calls for luxury tax cut on sedans

    The Indonesian Automotive Manufacturers Association (Gaikindo) chairman Jongkie Sugiarto said on Tuesday that the association had long lobbied the Finance Ministry to reduce the luxury tax on sedans.

    He said the cut in luxury tax for sedans from 30 to 10 percent, a similar rate for multi-purpose vehicles, would encourage producers to manufacture more sedans, not only for the domestic market but also for export.

    “Because of cheaper taxes, Indonesia has now become the king of MPVs, but our exports are just 200,000 units per year, from a total production of 1.3 million,” Jongkie said during a discussion on the automotive industry organized by the Indonesian Business Data Center (PDBI) in Jakarta on Tuesday.

    “Thailand produces 2 million units of vehicles per year, but it exports 1.2 million because they produce everything from sedans and pickups to MPVs. The Thai government also does not discriminate in the taxes on the automotive products.”

    He said Gaikindo had already hired experts at University of Indonesia’s Institute for Economic and Social Research (LPEM UI) to carry out independent research on the issue and the result was that a luxury-tax cut on sedans would increase sales by 17 percent.

    This year, Gaikindo’s efforts received support from Industry Minister Airlangga Hartarto, but it was still struggling to convince the Finance Ministry.

    “We have lobbied for so long [the Finance Ministry], but it has not moved,” Jongkie said, adding that the association had proposed the tax cut since 2011. (bbn)

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  • AirAsia Seeks Back-Door Listing on Indonesia Stock Exchange

    AirAsia Seeks Back-Door Listing on Indonesia Stock Exchange

    The deal, which is expected to be completed in the fourth quarter of 2017, implies RMPP will become the new holding company of Indonesia AirAsia.

    Currently, AirAsia Bhd controls a 49 percent stake in Indonesia AirAsia as foreign ownership in Indonesian airlines is capped at a maximum of 49 percent. The remaining shares in Indonesia AirAsia are controlled by Fersindo Nusaperkasa. The debt-and-share-swap deal implies Fersindo Nusaperkasa also obtains a stake in RMPP. After completion of the deal AirAsia and Fersindo Nusaperkasa will own up to 48 percent and 49.96 percent, respectively, in RMPP.

    Several weeks ago Tony Fernandes, Chief Executive of the Airasia Group, still confirmed the Malaysian group’s plans to conduct an initial public offering (IPO) for its Indonesia AirAsia unit on the Indonesia Stock Exchange before the end of 2017. Therefore, the news about the back-door listing was a surprise.

    Previously, Indonesia AirAsia had already expressed its desire for an IPO in 2016 as it seeks fresh funds for further business expansion (specifically for the purchase of new airplanes and opening of new flight routes). However, domestic and global uncertainty made the airline decide to postpone the corporate move.

  • Vietnam Airlines and Garuda agree partnership

    Vietnam Airlines and Garuda agree partnership

    Asian carriers Vietnam Airlines and Garuda Indonesia have agreed to an extended partnership including more codeshares and working together on MRO (maintenance, repair and operations) operations.

    The CEOs of the two Skyteam members signed a memorandum of understanding (MOU) to work more closely together during an event in Indonesia.

    As part of the deal, the carriers will extend their existing codeshare agreement on to additional routes including Hanoi-Ho Chi Minh City, Hanoi/Ho Chi Minh City-Singapore, Singapore-Jakarta/Bali and Jakarta-Bali.

    Pahala Mansury, CEO of Garuda Indonesia said: “We are pleased to announce this partnership with Vietnam Airlines which extends our network even further within the south-east Asia.

    “Vietnam is an important market for Indonesia and through this partnership we can offer increased travel options for the increasing number of passengers travelling between the two countries.”

    Vietnam Airlines CEO Duong Tri Thanh added: “This MOU takes our co-operation further in the direction of a solid and mutually beneficial partnership, helping both airlines achieve the vast potential of the market.”

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  • 11street Malaysia commits to long term after parent’s Indonesian exit

    11street Malaysia commits to long term after parent’s Indonesian exit

    Just days after its parent company announced an exit from Indonesia, 11street Malaysia says it is confident of its long-term growth prospects.

    11street is effectively the online business unit of giant Korean telco SK Telecom, which last week said it was selling its 50 per cent stake in Indonesian e-commerce venture Elevenia to Lotte, a company it is pursuing a joint venture opportunity with in their home market.

    In Malaysia, 11Street is operated by Celcom Planet, a joint venture between Celcom Axiata Berhad and SK Planet. Celcom Planet CEO Hoseok Kim (pictured) says since its launch in April 2015, 11Street Malaysia has rapidly grown into a first tier e-commerce provider of an open-market platform with 40 thousand listed sellers, 13 million registered products for sale and 16 million monthly visits.

    “We are very pleased with the success and progress that 11street Malaysia has made in less than three years since its launch and we are confident that we will be the number one marketplace in Malaysia within the next three years”, said Kim.

    He added that the company is currently looking at various strategic options including funding from strategic partners to prepare for the next phase of accelerated growth.

    Sungwon Suh, CEO of SK Planet, backed up Kim’s comments.

    “Recently, SK Planet has made a strategic decision to pick and choose battlegrounds where we can win and Malaysia is [one of] the battlegrounds, one of the fastest-growing and infrastructure-ready e-commerce markets in Southeast Asia,” said Suh.

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  • Indonesia’s e-commerce market set to hit $130b by 2020

    Indonesia’s e-commerce market set to hit $130b by 2020

    Indonesia has the biggest and fastest growing online retail sector in Southeast Asia, according to Research and Markets.

    In this environment, RTB House, a provider of retargeting technology for advertisers, anticipates that Indonesia’s e-commerce players will increase adoption and reliance on retargeting to improve customer engagement and conversion rates, strengthen branding, and enhance ROI on their marketing spends.

    Personalized retargeting is a mechanism by which ads are tailored to the behavior and preferences of particular internet users.

    This form of online advertising helps keep brands on top of customers’ minds at every step of the customer journey, after they visit and left certain websites before they could make a purchase.

    The online consumption market has seen an alarming increase in e-commerce cart abandonment from 60% in 2006 to 78% in 2016, according to a Baymard Institute report. Retargeting technology will allow brands to prompt higher conversion rates among these users.

    The 2017 Digital Yearbook report by Hootsuite and Wearesocial estimates that 51% of Indonesians have access to the Internet. With mobile subscription standing at 142%, there is recognition that the country represents one of the largest online marketplaces in the world flanking China and India.

    Next to investment and manufacturing, the consumption market which includes e-commerce is among the largest economic segments in Indonesia. E-commerce is expected to grow to up to $130 billion in 2020, according to Indonesia’s Information and Communications Technology Ministry.

    Indonesia’s burgeoning digital environment presents companies like RTB House a lucrative opportunity to deliver advanced retargeting solutions to a wide array of customers including e-commerce, online travel sites and classifieds.

    A report by eMarketer and Interactive Advertising Bureau Singapore (IAB Singapore) forecasted digital advertising spending in Indonesia will double up to 20.5% of the total media ad spending by 2020 due to rapid internet adoption, particularly through smartphones.

    “We expect a substantial growth in Indonesian e-commerce players’ adoption of retargeting and what will really drive this is improved ROI on their marketing spend as our technology based on deep learning, helps to profitably and effectively drive new customer acquisition and entice existing users to their online marketplace,” RTB House country director for Southeast Asia  Chandra Kuncara said.

    “Deep learning is currently the most promising subfield of artificial intelligence. We believe these new digital ways will help our customers (marketers) succeed.”

  • Vietjet announces Ho Chi Minh City and Jakarta route launch

    Vietjet announces Ho Chi Minh City and Jakarta route launch

    Vietjet today announced the launch of a new international route connecting Ho Chi Minh City with the Indonesian capital of Jakarta. The announcement ceremony was witnessed by high-ranking dignitaries from Vietnam and Indonesia on the official visit of His Excellency Mr. Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam to Indonesia. The new route will meet the increasing demand for travels between the two countries and boost regional trading and integration.

    The Ho Chi Minh City (HCMC)-Jakarta route, a three-hour journey, will operate daily from December 20, 2017. The HCMC-Jakarta flight departs from HCMC at 20:40 and arrives in Jakarta at 23:40 (local time). The return flight takes off at 01:40 (local time) and lands in HCMC at 04:40.

    Mr. Dinh Viet Phuong, Vietjet’s Vice President, said: “Since its inception, Vietjet has been developing friendly and professional flight services in operating key international routes, helping connect Vietnam’s main business and tourism hubs with foreign destinations, including Jakarta. With its mission of making air travel approachable and possible for everyone and building a future in the air, Vietjet’s new route from HCMC to Jakarta will boost ties between these two economic, cultural and financial hubs, thus helping to boost regional trading and integration.”

    Jakarta is famous for its own distinctive multicultural style, amazing cuisine and colorful tourism attractions. It also serves as a gateway to the country, which offers the world “Consistency in Diversity”. The Indonesian archipelago boasts UNESCO-listed world heritages such as Borobudur and Prambanan, Komodo National Park, Ujung Kulon National Park and Sumatra rainforest and, of course, breathtaking ‘paradise’ islands, such as Bali, one of the world’s most incredible beach destinations.

    In turn, Ho Chi Minh City will be the country’s doors to Indonesian visitors travelling in Vietnam, which also boasts UNESCO-listed world heritages and incredible beaches. The capital city of Hanoi is an incredible historic city with a rich culture and unique atmosphere. Other cities and destinations include the former imperial capital, Hue, a wonderful, romantic destination, the city of Da Nang, where there are stunning beaches and the wonderland of Quang Binh province, home to the largest caves in the world. As the country’s largest economic, financial and modern tourism hub, Ho Chi Minh City is a destination in its own right, one that visitors will find is as sweet and charming as it is dynamic and entertaining.

    With its high-quality services, special low-fare tickets and diverse ticket classes, Vietjet offers its passengers enjoyable flights with a dynamic and friendly flight crew, comfy seats, delicious hot meals, special surprises as part of the inflight activities and amazing ticket fares during the daily “12 pm, It’s time to Vietjet” promotion.

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