Tag: Indonesia

  • Express, Uber team up to tap opportunities in Indonesian market

    Express, Uber team up to tap opportunities in Indonesian market

    Despite its roller coaster relationship with new competitors, publicly listed taxi operator Express Transindo Utama announced on Monday it would team up with ride-hailing application Uber for a ride-sharing integration in hope to improve services and increase revenue.

    Under the collaboration, Express drivers will be able to use Uber’s application to take uberX orders apart from running conventional services.

    “Through collaboration with Uber, we expect to improve the utilization of our fleet,” Express Group chief operating officer Benny Setiawan said in a statement.

    Express, Benny went on, was also developing a scheme that would allow Uber partner drivers to purchase cars from Express through an installment scheme.

    Uber also shared enthusiasm about its partnership with Express.

    “We are enthusiastic that Express Group, a prominent taxi operator in Indonesia, now uses ride-sharing and technology to expand its market,” Uber Asia Pacific head of business Eric Alexander said.

    On March 22, over 10,000 conventional transportation drivers—mostly Express and Blue Bird taxi drivers, as well as drivers of angkot (public minivans), buses and bajaj (three-wheeled vehicles)—took to several thoroughfares in Jakarta to stage a protest.

    The protesters accused the government of failing to regulate increasingly popular app-based transportation services, such as Grab, Uber and Go-Jek, which they say were eroding their incomes.

    During the protest, conventional taxi drivers initially targeted Go-Jek and Grab drivers, though groups of ojek (motorcycle taxi) drivers later retaliated, smashing cab windows.

  • Indonesia, Michelin Cooperate in Tire Exports

    Indonesia, Michelin Cooperate in Tire Exports

    The Indonesian government has joined hands with French tire company Michelin to open market access to Europe and the United States. The plan was proposed in a meeting between Industry Minister Airlangga Hartarto and Vice President Public Affairs of Michelin East-Asia and Oceania Segsarn Trai-Ukos in Jakarta last week.

    According to Airlangga, the government and Michelin will also cooperate in aircraft tire retreading. “Michelin has developed tire retreading in Thailand,” he said yesterday.

    He said that Michelin technology can help develop aircraft tire retreading in Indonesia and reduce negative perception of retreaded tires. High-tech retreaded tires can help lower airline costs and boost growth of air transport industry.

    Indonesia and Michelin will also collaborate in utilizing used tires. According to Airlangga, Michelin is expected to process used tires into raw material for asphalt. He pointed to the example of 80 million units of two-wheeled vehicles with 160 million tires. “With an average lifespan of 1.5 to 2 years, abundant supply of used tires will be available to be utilized.”

    The Minister also discussed business opportunities with French Ambassador to Indonesia Jean-Charles Berthonnet. Airlangga said that France can become Indonesia’s export gateway to the non-traditional European market.

    He sees France as an important trade partner. In 2015, Indonesia’s import value from France hit US$1.3 billion for aircraft components, vehicles, machinery, milk, and pharmaceutical. Whereas, Indonesia’s export to France worth US$972 million, which include footwear, rubber, furniture, clothing, and coffee.

  • Bank Indonesia releases new notes, coins

    Bank Indonesia releases new notes, coins

    Bank Indonesia released on Monday seven new banknotes and four coins bearing the pictures of 12 national heroes. The launch of the new notes and coins was attended by President Joko “Jokowi” Widodo and Bank Indonesia governor Agus Martowardojo in Jakarta, Antara news agency reported.

    The new notes are the Rp100,000, Rp50,000, Rp20,000, Rp10,000, Rp5,000, Rp2,000 and Rp1,000, while the new coins are Rp1,000, Rp500, Rp200, and Rp100.

    Indonesia’s founding fathers, Soekarno and Mohammad Hatta, will be featured on the Rp100,000 note, while Djuanda Kartawidjaja and Sam Ratulangi are on the Rp50,000 and Rp20,000 notes, respectively.

    Other national heroes featured are Frans Kaisepo, Idham Chalid, Mohammad Hoesni Thamrin, Tjut Meutia, I Gusti Ketut Pudja, TB Simatupang,  Tjiptomangunkusumo and Herman Johannes.

  • Toyota Indonesia to see exports down by 5 percent this year

    Toyota Indonesia to see exports down by 5 percent this year

    Car manufacturer PT Toyota Motor Manufacturing Indonesia (TMMIN) expects to see its exports fall by 5 percent this year mainly due to low demand in the Middle East.

    TMMIN vice president director Warih Andang Tjahjono said, a protracted security crisis in the Middle East and global oil price decline had impacted car demand in the region. Thus, the company will see its car exports down to 165,000 units this year from 176,000 units last year.

    Car exports to Saudi Arabia, which makes up 50 percent of the company’s exports to the Middle East, saw a 30 percent decline this year, the biggest in the region. The Middle East and Asia are the biggest markets for Toyota cars, contributing more than 50 percent to the company’s exports, Warih said.

    While demand in the export market declined, domestic demand for Toyota cars has grown above the industry’s average.
    As of November, Toyota car sales had risen by 19 percent year-on-year compared to the corresponding period last year, Toyota Astra Motor vice president director Henry Tanoto said.
    “We predict our domestic car sales will reach between 375,000 and 380,000 units by year-end,” he said

  • Local brand Rusty Lopez opens 9th outlet in Jakarta

    Local brand Rusty Lopez opens 9th outlet in Jakarta

    Filipino fashion retail brand Rusty Lopez opened its newest store in Jakarta on Thursday, featuring comfortable sandals and casuals made from Marikina, the Philippines’ shoe capital, according to a recent report of the Department of Trade and Industry’s Philippine Trade and Investment Center–Jakarta.

    The outlet in Sogo Lippo Mall Puri located in the St. Moritz Central Business District is the brand’s ninth outlet following the opening of stores in Seibu Grand Indonesia, Sogo Emporium Pluit, Sogo Central Park, Sogo Alam Sutera, Lotte Shopping Avenue, Metro Plaza Senayan, Metro Gandaria City and Metro Taman Anggrek.

    Philippine commercial attaché to Indonesia Alma Argayoso said sales of the newest collection during the opening were brisk. The other stores also received positive feedback.

    “It is exciting to bring to the Indonesian market the Philippines’ world-famous Marikina-made shoes. This affirms our belief on the potential of fashion retail products in Indonesia, Southeast Asia’s biggest economy,” Argayoso said.

    The first overseas store of Rusty Lopez opened in Jakarta on March 6, 2016 at the Seibu Department Store of Grand Indonesia Mall and featured selected designs suited to the Indonesian market.

    The Trade Department noted that increased interest in Philippine-made shoes abroad was helping revive the local shoe industry and opening more opportunities for small enterprises.

    PTIC in Jakarta is supporting and assisting Filipino homegrown brands in globalizing their products and accessing the regional markets by looking for potential partnerships.

    Aside from Rusty Lopez, other Filipino fashion retail brands in Indonesia are Karimadon, Penshoppe, Gingersnaps and Ann Ong Jewelry.

     

  • Marikina shoes a hit in Indonesia

    Marikina shoes a hit in Indonesia

    Filipino fashion retail brand Rusty Lopez has recently opened a new store in Jakarta, featuring comfortable sandals and casuals made from Marikina City, the Philippines’ shoe capital known for producing durable and high-quality footwear, according to the Department of Trade and Industry’s Philippine Trade and Investment Center – Jakarta.

    The store in Sogo Lippo Mall Puri located in St. Moritz central business district is the brand’s ninth outlet following the opening of stores in Seibu Grand Indonesia, Sogo Emporium Pluit, Sogo Central Park, Sogo Alam Sutera, Lotte Shopping Avenue, Metro Plaza Senayan, Metro Gandaria City and Metro Taman Anggrek.

    Philippine commercial attaché to Indonesia Alma Argayoso said the sales of the newest collection during the opening were brisk. The other stores also received positive feedback.

    “It is exciting to bring to the Indonesian market the Philippines’ world-famous Marikina-made shoes. This affirms our belief on the potential of fashion retail products in Indonesia, Southeast Asia’s biggest economy,” Argayoso said.

    The first overseas store of Rusty Lopez opened in Jakarta on March 6, 2016 at the Seibu Department Store of Grand Indonesia Mall and featured carefully selected designs suited to the Indonesian market.

    DTI said the increased interest in Philippine-made shoes abroad helps revive the local shoe industry and is expected to open more opportunities for small enterprises to generate employment within their communities.

    As part of the DTI’s industry promotion group, PTIC-Jakarta said it would continue to support and assist Filipino homegrown brands in globalizing their products and accessing regional markets by continuously looking for potential partnerships.

    Aside from Rusty Lopez, other Filipino fashion retail brands in Indonesia are Karimadon, Penshoppe, Gingersnaps and Ann Ong Jewelry.

  • Lazada’s 12.12 sale nets $40.5 million

    Lazada’s 12.12 sale nets $40.5 million

    Lazada Group’s Online Revolution, also known as 12.12, has again proven to be the biggest online shopping event in Southeast Asia, ringing up US$40.5 million in sales.

    About 60 per cent of the gross merchandise value (GMV) of the December 12 event came from mobile, with shoppers spending an average of 12 minutes on Lazada apps browsing deals from international and local brands and sellers.

    With the theme “Brands for All”, the 12.12 event featured more than 500,000 offers and flash sales from more than 1000 brands and 55,000 sellers. Best-sellers included shower gels and mascaras, tote bags and bracelets, vacuum cleaners and tableware, and virtual-reality headsets and speakers.

    Lazada Group CEO Maximilian Bittner says the sale has become highly anticipated among more consumers in Southeast Asia, who are no longer just from large cities, but also from small cities and rural areas.

    “This year, the difference was consumers clearly shopping for everyday products such diapers and groceries, as well as higher-value items from trusted brands.”

    Lazada has a presence in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

  • Housing credit interest rate predicted to decline in 2017

    Housing credit interest rate predicted to decline in 2017

    Bank Indonesia predicted that the interest rate of consumer credits including housing credits(KPR) would decline in 2017 as a result of the relaxation of its monetary policy.

    Director of Macro prudential Policy of the Central Bank Dwityapoetra S. Besar, said here on Wednesday relaxation already began in the central bank monetary policy in 2016 though not very significant.

    Currently the KPR interest rates average 10.3 percent per year, he said.

    “If the interest rate on KPR at 10.3 percent , the average lending rate would be 11 percent. That shows the transmission,” he said.

    However, a cutback in KPR interest rate would depend much on the ability of each bank to keep the cost of fund down, he said.

    The central bank has issued a stimulus in monetary policy in a bid to push down bank lending rate with a 150 basis point cut in its benchmark interest rate (BI 7-Day Reverse Repo Rate) to 4.75 percent.

    Meanwhile, the Financial Service Authority (OJK) cut the Minimum Reserve Requirement by 150 basis point to 6.5 percent in December, 2015 to help bank in improving their liquidity.

    Dwitya , however, said banks have yet to face many hurdles in cutting the lending rate . One of the hurdles is potential increase in inflation as a result of the increase in the electricity tariff for 900 VA subscribers.

    “Yes, we have to see that it will depend also on the macro economic condition,” he said.

  • Harbolnas Boosts Online Shop Sales

    Harbolnas Boosts Online Shop Sales

    Hundreds of online stores are taking part in the online shopping national day (Harbolnas) held from December 12 until December 14, 2016. The Harbolnas brings profit not only to customers, but also online shop administrators.

    For example, Bukalapak.com booked a total of 400,000 transactions during the two days of Harbolnas.

    Bukalapak Brand Manager Ambrosia Tyas, said that most of the customers are attracted by the discounts and special offers presented during the Harbolnas. “The number of transactions are five times higher compared to the 2015 Harbolnas,” Ambrosia said on Wednesday, December 14, 2016.

    Not only massive discounts, Bukalapak also provided customers with chances to bargain for their goods. Products highly sought after by customers are smartphones, laptops, and cameras. “Customers are attracted to a different shopping experience,” Ambrosia said.

    In addition to Bukalapak, Lazada Indonesia also recorded massive Rp 143.4 billion revenue on the first day of Harbolnas. Most customers bought fashion items, household appliances, and health and beauty products.

  • Indonesia sees jump in October palm oil exports

    Indonesia sees jump in October palm oil exports

    Indonesia saw the exports of its palm oil products, which include crude palm oil (CPO), biodiesel and oleochemical, increase by 34 percent month-on-month to 2.45 million tons in October, thanks to rising demand from major export destinations.

    In September, the world’s largest producer of palm oil shipped 1.89 million tons of products overseas.

    Indonesian Palm Oil Producers Association (GAPKI) executive director Fadhil Hasan said exports to India had increased by 31.64 percent month-on-month (mom) in October to 608,510 tons, while exports to China were slightly up by 2.17 percent to 316,450 tons.

    Exports to the European Union (EU) market, meanwhile, increased by 75.51 percent mom to 380,150 tons, not long after France revoked their CPO multiple taxes plan.

    “The traders took the chance to buy at cheaper prices, as they were anticipating a possible price hike in November amid increasing demand ahead of Christmas and New Year,” Fadhil said in a statement on Wednesday.

  • Bank Mandiri eyes more disabled employees

    Bank Mandiri eyes more disabled employees

    The family of Rezky Yami Putri, 27, born with an imperfect three-fingered left hand half the size of a normal hand, was skeptical when she landed a job at Indonesia’s largest lender Bank Mandiri.

    They thought she was deceived, because such an achievement would be too good to be true for someone with “my condition”, said Rezky, now a call center officer at the state-owned lender. Her family finally believed her job was legit when she received her first salary last year.

    “Even though it has been a year, it is still like a dream for me, a lengthy dream, which occurs while I am awake,” said the Jakarta resident, who has a bachelor’s degree in public health but has never worked in her field of study.

    “As someone with a disability, we are always underestimated but it turns out that we also can make money for ourselves and for our parents, even though it is not that much,” she added.

    Rezky is among 41 disabled workers employed by Bank Mandiri, which is among over 100 state-owned enterprises in Indonesia, which, following a 2016 law on people with disabilities, are required to have disabled people account for at least 2 percent of their staff.

    “Our target is to hire 120 people and we’ll keep recruiting depending on the availability of the applicants,” Bank Mandiri human capital engagement senior vice president Aminarti Widiati said. The lender started recruiting disabled employees last year.

    Bank Mandiri, which has five branch offices in Jakarta and Semarang, Central Java, employing disabled people currently has a total of 38,376 employees nationwide with 2,505 branch offices spread across the country.

    Disabled people in the lender work on three-year contracts and are reviewed each year. They also have the chance to become permanent employees, Aminarti said.

    Tri Handayani, diagnosed mute when she was only 10 months old, was eager to advance at Bank Mandiri. The back-office worker used to work at a supermarket, checking and replacing price tags on products.

    “This new job makes me feel more enthusiastic about working and being more successful in the future,” said Tri, who graduated
    with a computerized accounting degree.

    To communicate, the 27-year-old tries to speak as much as she can or writes the sentences down if they are too complicated. She is able to understand her interlocutors by reading their lips.

    Her colleague Kuntum Mukminin, 24, who is also deaf-mute, works at the same division at Bank Mandiri in the back office.

    “I might be deaf but I work hard and keep improving myself. I have to do my best to be a success,” said Kuntum, a high school graduate who used to work at a supermarket bakery.

    The Social Affairs Ministry has pledged to oversee the implementation of the 2016 law that requires disabled people account for at least 2 percent of state firms’ staff. There are around 6 million disabled people in Indonesia, according to 2012 ministry data.

    “However, we won’t impose sanctions on companies that cannot meet the minimum requirement because we know that sometimes it cannot be fulfilled because of a lack of competency,” the ministry’s director of social rehabilitation Bambang Sugeng said.

  • Delivery Hero takes control of Foodpanda

    Delivery Hero takes control of Foodpanda

    Control of the Foodpanda business has been sold by parent Rocket Internet, including the remaining Asian operations.

    German-based online food-ordering service Delivery Hero Holding, which is active in 33 countries, has acquired Rocket Internet-backed Emerging Markets Online Food Delivery Holding, parent of the shrinking Foodpanda business.

    Foodpanda, 49 per cent owned by Rocket Internet, has a presence in 22 countries, but shut its Indonesia business in October in the face of growing competition from app-based ride-hailing services that also offer food delivery, such as Go-Jek and Grab Bike. It has also exited Vietnam but remains operational in Singapore, Hong Kong, Thailand, Malaysia, the Philippines and Taiwan.

    In a partial share swap, the deal will see Rocket Internet’s stake in Delivery Hero increase from 30 per cent to 37.7 per cent. The sale will strengthen Delivery Hero’s global leadership position in online food ordering and delivery, with the combined group processing more than 20 million orders a month across 47 countries, says Rocket Internet.

    Bloomberg data shows that both companies together have raised more than $1.5 billion across several funding rounds with investors including Goldman Sachs and Insight Venture Partners.

    “The combination of Foodpanda and Delivery Hero, one of our most important companies, further consolidates key markets,” says Rocket Internet CEO Oliver Samwer. “Delivery Hero is also acquiring new markets.”

  • Angkasa Pura II Launches Airports App

    Angkasa Pura II Launches Airports App

    State-owned airport operator Angkasa Pura (AP) II president director Muhammad Awaluddin said that airports under AP II management are ready to serve passengers in this year’s holiday season. Awaluddin added that three airports have opened new terminals, namely Soekarno-Hatta International Airport in Jakarta, Husen Sastranegara Airport in Bandung, and Sultan Thaha Airport in Jambi.

    “We believed that the new terminals will improve our services for passengers, particularly in terms of capacity during peak seasons, such as this year end,” Awaluddin said on Monday, December 12, 2016, in Jakarta.

    Awaluddin revealed that passengers can now access information on flights, commercial tenants at terminals, and other important information related to airports operated by AP II via an app called Indonesia Airports.

    “The app is our new service, aimed at improving services, and a part of the smart airport campaign,” Awaluddin explained.

    Passengers at the Soekarno-Hatta International Airport can also enjoy superfast Wi Fi connection up to 50 Mbps.

    The number of passengers at 13 AP II airports during the year-end holiday season from December 22, 2016 to 4 January, 2017, is expected to reach 4.18 million, increasing by nine percent compared to that on regular days. Meanwhile, the number of flights is predicted to increase by 4.54 percent from 28,220 to 29,502.

    AP II will continue to intensify coordination with other stakeholders, such as airlines, the customs office, the immigration office, military and police to ensure smooth operation during the holiday season.

    The number of passengers is predicted to peak on December 23, 2016, while the counter-flow of passengers is expected to occur on January 1, 2016.

    AP II forecasted that the number of passengers at the 13 airports in 2016 would grow by 11 percent to 93 million passengers when compared to last year. The company expects that the number will exceed 100 million next year.

  • President Jokowi announces Garuda Indonesia`s direct flight to Mumbai

    President Jokowi announces Garuda Indonesia`s direct flight to Mumbai

    National carrier Garuda Indonesia will operate a direct flight from Jakarta to Mumbai, India, President Joko Widodo (Jokowi) has announced.

    The announcement was made during a joint press conference by President Jokowi and Indian Prime Minister Narendra Modi at Hyderabad House here on Monday.

    “I am pleased to announce that Garuda Indonesia, beginning today, will fly directly to Mumbai from Jakarta,” he said.

    The direct flight connecting the two metropolitan cities will help strengthen bilateral cooperation between the two countries, and support economic cooperation as well as people-to-people contact, the president said.

    Garudas maiden Jakarta-Mumbai flight on Monday was a Boeing 737-800 NG with a seating capacity of 156, comprising 12 business class seats and 144 economic class seats.

    The direct flight service is aimed at supporting the Indonesian governments objective of attracting more Indian tourists to Indonesia and strengthening the cultural and historical relations between the two nations.

    Around 270 thousand Indian tourists visited Indonesia last year, and 350 thousand this year, President Director of Garuda Indonesia M Arif Wibowo said in a statement.

    “As the number of Indian tourists continues to increase annually, we are sure that Mumbai is a prospective market for us,” Wibowo stated.

    Indian tourists now have better access to fly to Indonesian tourist destinations such as Bali, Yogyakarta, Surabaya (East Java), and Medan (North Sumatra), from Jakarta, he remarked.

    Garuda Indonesias Jakarta-Mumbai flight GA 862 via Bangkok will operate thrice a week. It will depart Jakarta at 5:55 am local time and arrive in Bangkok at 9:25 am local time. It will depart Bangkok at 10:20 am local time and land in Mumbai at 3 pm local time.

    The Mumbai-Jakarta flight GA 861 will also fly three times a week. It will depart from Mumbai at 5:35 pm local time, and arrive in Bangkok at 9:55 pm local time. It will depart Bangkok at 11:35 pm local time and arrive in Jakarta at 3:05 am local time.

    Garuda operates direct flights from Jakarta to various Asian countries such as Singapore, Malaysia (Kuala Lumpur), Thailand (Bangkok), China (Beijing, Guangzhou, Shanghai), South Korea (Seoul), Japan (Tokyo, Osaka) and Saudi Arabia (Jidda and Madinah).

  • Charging-device producer Anker aims to tap Indonesian market

    Charging-device producer Anker aims to tap Indonesian market

    Anker, a company based in Seattle, the US, and which specializes in USB charging products, has opened an official store in Jakarta, its first in Southeast Asia, in the hope of reaping benefits from the Indonesian market, the largest economy in the region.

    Anker’s regional sales head for Asia Pacific Romeo Luo told that the company had sold more than 300 million products globally this year and hoped to expand its leverage in Indonesia, particularly “with those people who are concerned about quality and safety, not just price.”

    “We are sure that our products can guarantee safety for smartphone users in Indonesia, particularly for high-end brands,” he said in Jakarta on Thursday.

    He said that opening the official store in Indonesia, home to around 250 million people, would be the first step by the brand before penetrating further into other countries in Southeast Asia.

    “I know the speed of the mobile phone sales growth here. The quantity is huge and most of those users will need power banks when stuck in traffic,” he said.

    He said he was confident that the brand could gain popularity in Indonesia, mainly as a result of the lack of similar competitors that exclusively specialized in power-charging products and consumer trends toward accessing social media, which is power consuming.

    Romeo added that by the end of 2017, the firm established in 2011 by former employees of search engine giant Google, expected to open 50 new outlets spread across major cities in Indonesia.