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Tag: Indonesia

  • Indonesia central bank surprises with another cut to key rate

    Indonesia central bank surprises with another cut to key rate

    Indonesia’s central bank surprised the market on Thursday by cutting its benchmark interest for a sixth time this year, renewing efforts to spur sluggish lending and growth.

    Bank Indonesia (BI) cut the 7-day reverse repurchase rate by 25 basis points to 4.75 per cent. “In the midst of a weak global economy, we believe this monetary easing will strengthen efforts to push domestic demand, including for credits, so that it could support the momentum for economic growth,” BI said.

    Thirteen of 17 economists in a Reuters poll had expected the benchmark to be kept at 5.00 per cent on Thursday.

    The central bank made six cuts to its benchmark this year by a total of 150 basis points.

    In August, it switched its benchmark from the 12-month reference rate to the 7-day reverse repurchase rate to try to more directly affect market rates.

    The economy gained some momentum in the second quarter, with good crops higher government spending helping push annual growth to 5.2 per cent.

    But the central bank said state spending cuts, sluggish bank lending, and weak global trade probably weakened third quarter growth to around 5 per cent. BI’s outlook for 2016 is between 4.9-5.3 per cent.

    So far, BI’s 2016 rate cuts have had limited impact on commercial banks’ lending. In August, it grew just 6.83 per cent from a year earlier, the weakest since November 2009.

    Indonesia is due to announce third quarter growth early next month.

    In September, Indonesia’s annual inflation rate was near the lower end of BI’s target band, at 3.07 per cent. The rupiah has been stable, trading near 13,000 a dollar since July. The third quarter’s current account deficit is expected to stay at a comfortable level.

    Ng Weiwan, economist at ANZ said real interest rates in Indonesia “remain elevated despite the rate cuts this year.”

    “Credit growth will be constrained with the overhang from the non-performing loan and the deposit rate caps limiting the interest that banks can pay for deposits,” Mr Ng added.

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  • Bata moves infrastructure into the cloud

    Bata moves infrastructure into the cloud

    Datapipe has partnered with footwear retailer Bata to drive its digital transformation by moving its technology infrastructures to the cloud.

    Bata is seeing strong growth in Asia’s multibillion-dollar footwear market, specifically in India, China and Southeast Asia. The company tapped Datapipe, a specialist in managed cloud services for the enterprise, to manage its cloud deployment and deliver the security, speed, cost-efficiencies, and scalability required for these high-growth markets.

    Bata’s global sourcing infrastructure, hosted on Amazon Web Services (AWS), is increasingly reliant on cutting-edge cloud infrastructure for its day-to-day operations including its Point of Sale (PoS) system, warehousing, logistics, and purchase order processes. As a managed cloud-service provider and AWS premier consulting partner, Datapipe was selected to assist Bata with developing and growing its presence in Asia by unlocking operational efficiencies.

    Jason Singh, head of marketing for APAC at Datapipe said that with Bata’s rapid growth in emerging markets, the company needed an IT infrastructure that was secure, scalable, and incredibly reliable.

    “We worked closely with Bata to optimise its AWS architecture and practice. This freed up the company’s technology team to focus on other core aspects of its business. As a result, Bata’s focus is where it should be: serving its customers and managing its production facilities, while Datapipe manages its cloud deployments.”

    To bolster Bata’s digital transformation, particularly around best practice design and security, Datapipe adopted a two-phased approach to ensure an optimised environment. Datapipe first redesigned Bata’s existing cloud environment based on AWS best practices including platform based security configurations. The second phase will deploy comprehensive network and instance-based security controls and services, ensuring secure connections to Bata’s eCommerce websites for users in the region.

    Jeremy Chong, director, global footwear services at Bata said the Datapipe team has strengthened the security and efficiency of Bata’s cloud infrastructure, allowing the company to focus on business growth.

    Bata has more than 5200 retail stores in 70 countries and production facilities in 18 countries. The APAC footwear market is projected to reach US$127.2 billion in annual revenues by 2020, according to Euromonitor, up from $104 billion in 2015. Growth in the global footwear market will be fuelled by demand from developing markets in Asia, according to Verdict Financial. eMarketer, meanwhile, predicts worldwide retail eCommerce sales will reach $1.915 trillion in 2016, with double-digit growth due to hit $4 trillion by 2020.

  • Telkom picks HAUD for A2P SMS monetization

    Telkom picks HAUD for A2P SMS monetization

    Telkom Indonesia has adopted HAUD’s A2P SMS monetization and SS7 security managed services to create new sources of revenue and improve subscriber experience for the operator.

    The managed service agreement with HAUD will help Telkom Indonesia mitigate any lost A2P revenue, and its subscribers are protected from spam and fraudulent SMS traffic.

    Through its Revenue-as-a-Service approach, HAUD will manage the entire A2P monetization process, from traffic identification and blocking, to redirection of traffic to monetizable channels, without requiring any initial investment from the MNO.

    HAUD’s mobile network firewall provides modular protection against SS7 security vulnerabilities, fraud and spam SMS, while preventing grey route traffic that bypasses network termination fees. Its range of packages effectively ring-fence networks from malicious messages, while improving customer experience and revenue assurances.

    Mårten Björkman, SVP for Asia Pacific at HAUD, said Revenue-as-a-Service is a new approach to helping operators to make the most of all possible income streams available to them.

    Björkman said the global A2P SMS market is worth billions, but many operators are not equipped to claim their fair share, and routinely lose out on large amounts of revenue due to the ongoing use of grey routes.

    “HAUD’s knowledge and experience of the global A2P and fraud landscape can help MNOs like Telkom Indonesia stay in control of their networks with a minimal outlay of resources,” he said.

    Michael Adiguna, AVP of sales strategy at Telkom Indonesia, said the agreement with HAUD was particularly attractive, and the ability to deliver results almost instantly “was impressive.”

    “With our revenues maximized and network utilization improved, we can focus on delivering the quality of service that modern mobile users demand,” said Adiguna. “HAUD’s solution makes sure that the messages our subscribers receive are from genuine, trustworthy sources.”

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  • Indonesian herbal medicine to be marketed abroad

    Indonesian herbal medicine to be marketed abroad

    An original Indonesian herbal medicine, Jamu, will be marketed abroad in the Middle Eastern and ASEAN regions, the chairman of the Jamu Association of Central Java, Nyoto Wardoyo, said here on Wednesday.

    Jamu is made from natural materials, such as roots, bark, flowers, seeds, leaves and fruits.

    “Indonesias ambassadors in various countries have started to introduce Jamu to other countries, such as Arab nations and Hongkong,” he informed.

    According to him, Jamu is in demand in many countries because they have realized that its health benefits.

    “Jamu is well known for its nutritional value. Demand for the product is rising and the exports have increased,” he reiterated.

    He also appreciated the fact that the government is encouraging the herbal medicine industry to progress.

    “Entrepreneurs expect expeditious grant of a license. Once we complete all the requirements, we want the government to immediately issue a permit,” he stressed.

    He hoped for better synergy between farmers, entrepreneurs and university researchers to develop Jamu products.

    He also hoped that Jamu products could be a part of the BPJS health program.

    “When people suffer mild colds, coughs or flu, the doctors can treat them with Jamu,” he underlined.

    Thanks to these efforts, the usage of Jamu is expected to rise at home as well as abroad.

  • Indonesia’s logistic sector lags behind other ASEAN countries

    Indonesia’s logistic sector lags behind other ASEAN countries

    Indonesia needs to work harder to improve its logistic sector because its performance lags behind those of other ASEAN countries such as Singapore, Thailand and Malaysia, Finance Minister Sri Mulyani said on Wednesday.

    “On the Logistics Performance Index (LPI), according to the World Bank, Indonesia stood at 63rd place of the 160 countries surveyed,” the minister said in her opening speech during the Jakarta International Logistics Summit and Expo in Jakarta.

    Singapore topped the list of ASEAN countries, ranking fifth globally, while Malaysia ranked 32nd and Thailand 45th, she added.

    The LPI is a benchmarking tool created to help countries recognize challenges and opportunities they face in their performance on trade logistics and improve it.

    She said there were aspects affecting the competitiveness of logistics in Indonesia, namely a lack of infrastructure and complex customs and excise procedures.

    “To realize this, the government has utilized the state budget and funds from the private sector to develop infrastructure across Indonesia,” she said.

    Besides improving infrastructure, another important measure is to fix the quality of regulations and simplify bureaucracy, she said.

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  • Hotel occupancy rates increase in Bali

    Hotel occupancy rates increase in Bali

    The occupancy rates of star rated hotels in Bali averaged 72.40 percent in August or an increase of 1.76 percentage points from 70.62 percent in the previous month.

    “The occupancy rate was quite encouraging when visits by foreign tourists shrank 9.52 percent in Bali compared with the previous month,” head of the Bali branch of the Central Bureau of Statistics (BPS) Adi Nugroho said here on Wednesday.

    Adi said the occupancy rates would boost hotel operators as an occupancy rate of 50 percent is enough to cover operating cost including salaries of employees.

    In August, 2016, Bali recorded 438,135 visits by foreign tourists including 437,929 arrivals recorded by the Ngurah Rai airport and 206 arrivals at seaport.

    The number of arrivals dropped 9.52 percent in August from July but an increase of 44.3 percent year-on-year, Adi said.

    Adi said most foreign tourists stayed at star rate hotels in six of nine regencies in the province.

    The highest occupancy rate was recorded by hotels in the regency of Badung averaging 75.38 percent or up from July, followed by hotels in the city of Denpasar averaging 66.34 percent though declining from the previous month.

    Hotels in the regency of Gianyar followed in the third place with occupancy rate averaging 60.01 percent , down from 66.84 percent in July , the regency of Buleleng recorded an occupancy rate of 57.69 percent up from 52.23 percent and the regency of Karangasem 47.45 percent, down from 50.92 percent.

    Three other regencies – Jembrana, Bangli and Klungkung – have no star rated hotels . They have only inns or non standard hotels.

    Four star hotels recorded the highest occupancy rate averaging 78.16 percent, followed by five start hotels averaging 77.31 percent, one start hotels 64.96 percent , three start hotels 58.55 percent and two star hotels with occupancy rates averaging 56.31 percent.

    Adi Nugroho said despite the significant increase in the occupancy rate. the increase was recorded only in the regencies of Badung and Buleleng.

    In three other regencies, hotel occupancy rates declined including in the city of Denpasar, regencies of Gianyar and Karangasem, Adi Nugroho said.

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  • Renault launches two new cars in Indonesia

    Renault launches two new cars in Indonesia

    Despite a bleak forecast for the automotive market in Indonesia, French carmaker Renault and its local partner PT Auto Euro Indonesia launched two new products in Jakarta on Wednesday: the KOLEOS and KWID.

    Serge Yoccoz, Renault ASEAN director of operations, said Indonesia was one of only a few countries to see the launch of the KOLEOS, a medium sport utility vehicle (SUV), ahead of Europe.

    “The new KOLEOS will be [Renault’s] flagship for the Indonesian market,” he said. “It has been redesigned to have unique features and has the ability of an SUV.”

    As for the KWID, Yoccoz added, the mini crossover would be offered for consumers eyeing high fuel efficiency and low maintenance costs. “The KWID will be able to address Indonesian customers’ [demand] for a stylish car,” he said.

    The KOLEOS is offered at Rp 460 million for its standard version and Rp 495 million for the panoramic sunroof version. Meanwhile, the KWID is tagged at Rp 117.7 million and is expected to be able to compete in the compact car segment, which accounts for 16.3 percent of the whole automotive market, according to 2015 data from the Association of Indonesian Automotive Manufacturers (Gaikindo).

    Bambang Subijanto, director of Indomobil Sukses International–an umbrella company of Auto Euro Indonesia, said the Renault-Nissan and Indomobil partnership would create good business synergy and respond to customers’ demands, especially in after-sales services.

    The sales target for both models is set at 1,000 units, until 2017.

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  • UOB Indonesia offers Rp 1.1 trillion in bonds to strengthen lending

    UOB Indonesia offers Rp 1.1 trillion in bonds to strengthen lending

    United Overseas Bank (UOB) Indonesia plans to issue Rp 1.1 trillion (US$84.5 million) in bonds in November. The issuance hopes to raise cash to support the bank’s lending capacity next year.

    UOB Indonesia president director Kevin Lam said Rp 1 trillion in proceeds would come from the senior bond while the remaining Rp 100 billion would come from the subordinated bond. Both will be offered from Nov. 17 until Nov. 22.

    “The bond will enable us to maintain solid funding as we help our customers seize business opportunities arising from increased infrastructure development and consumer demand,” he said during a public expose in Jakarta on Wednesday.

    The senior bond is divided into three series with a buy-back option, he further explained.

    Series A is offered with 370 days of maturity and a 7.4 percent coupon rate per annum. Series B will mature in 3 years with an 8.25 percent coupon rate. Series C will have a 5-year tenor with a coupon rate of 8.5 percent.

    Meanwhile, the subordinated bond has a 7-year tenor with a 10 percent coupon rate. All the coupons will be paid every three months.

    In the first half of 2016, UOB Indonesia saw its interest income increase by 22.32 percent year-on-year (yoy) to Rp 1.73 trillion.

    Net profits rose by 86.81 percent yoy to Rp 281.69 billion.

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  • Local e-commerce not fazed by Alibaba expansion plan

    Local e-commerce not fazed by Alibaba expansion plan

    Local e-commerce company Bukalapak is not worried about Chinese giant Alibaba’s plan to expand into Indonesia as local players can still compete with foreign ones, the company’s co-founder said.

    Bukalapak co-founder and chief financial officer Muhammad Fajrin Rasyid said that unlike social media, which adopted a general model for their users worldwide, e-commerce business models needed a so-called “local touch”. This was because customers’ preferences for goods, methods of payment and logistic systems were different in each country, he went on.

    “Our customers mainly buy ‘local goods’ such as sambal [traditional hot relish] and they prefer to use cash on delivery as a method of payment. We must understand things like this,” Fajrin said at a Centre for Strategic and International Studies (CSIS) seminar on the digital economy in Jakarta on Monday.

    He further said that some foreign e-commerce companies had fallen victim to their own poor understanding of local customs. Japanese online market Rakuten Belanja Online closed in March while German-backed online delivery service Foodpanda Indonesia was shuttered on Oct. 3.

    “We are sure our customer to customer [C2C] model is still suitable for Indonesia. We have 1 million sellers and our mobile apps have the highest rate by users compared to other e-commerce companies,” Fajrin said.

    During the event, Investment Coordinating Board (BKPM) deputy of investment planning Tamba Parulian Hutapea confirmed that Chinese tech giant Alibaba would enter the Indonesian market soon. The company has bought German e-commerce company Lazada and plans to use the latter’s resources in Indonesia to make entry into its market.

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  • Indonesia`s food and beverage companies show their product in Paris

    Indonesia`s food and beverage companies show their product in Paris

    Twenty of Indonesias food and beverage companies from around the country have displayed their products at Salon International de Lalimentation (SIAL) in Paris, France.

    The Industry Ministry of Indonesia has assisted these companies in displaying the diversity of Indonesia’s leading products, ranging from coffee, soft drinks, processed oil, health drinks, snacks, biscuits, instant noodles, processed fruit and processed fish, as well as organic foods, said Secretary of the Directorate General of Agro Industry of Industry Ministry, Enny Ratnaningtyas, in a press release received here on Tuesday.

    The Indonesian companies reflect the competitiveness of Agro products from Indonesia in international markets, as well as opening opportunities for broadening export markets.

    According to Enny, the SIAL Paris 2016 event will bring Indonesian food and beverage products to the European community, as well as the world, due to the attendance by businessmen and visitors from many foreign countries.

    “Moreover, the SIAL Paris 2016 exhibitors can interact with all potential buyers from Europe and Asia, as well as visitors from around the world who will be present at this exhibition,” said Enny.

    Enny also said the twenty companies will be located in the Indonesian pavilion, in Hall 4 booth 4M138 at the Paris-Nord Villepinte.

    The booth is located close to the Indonesian Trade Promotion Center of Lyon.

    Separately, Director General of the Ministry of Industry Panggah Ago Susanto noted that the nation’s food and beverage industry has been able to excel in both the domestic and global markets.

    This is reflected in its positive performance, such as in 2015, which accounted for 30.84 percent of the GDP of the non-oil processing industry and 5.61 percent of the national GDP.

    Meanwhile, the export value of Indonesian food and beverage products in 2015 amounted to 26.539 billion US dollars.

    “Special food and drink exports to France in 2015 reached 34.5 million US dollars, or 0.13 percent of the total exports of food and beverage products to the world,” said Panggah.

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  • Rudiantara to Not Give Up on Google Tax

    Rudiantara to Not Give Up on Google Tax

    The Communication and Informatics Minister Rudiantara said that his office and the finance ministry are working to collect tax search engine, Google. “I support the effort. We will not give up,” he told Tempo in Pontianak, West Kalimantan on Tuesday, October 18, 2016.

    Rudiantara said he has no idea why Google tends to avoid paying taxes. “I do not know why. They choose not to pay their duties,” he said

    The minister added that Indonesia has sent a letter to Google, stating that all businesses in Indonesia are subject to taxes.

    “I told Google, if they plan to reach a settlement, we can talk this out,” said Rudiantara.

    Google has not registered as a corporate in Indonesia, although it reaps profit in Indonesia. It has also refused to pay taxes in the past five years worth Rp5.5 trillion.

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  • Sprooki platform to launch in Indonesia

    Sprooki platform to launch in Indonesia

    Shopper-engagement platform Sprooki will launch in Indonesia next month at the 125,000 sqm Supermal Karawaci retail precinct in western Jakarta.

    It will be integrated with the precinct’s touchpoints and mobile apps, allowing retailers to offer customers individualised content such as vouchers, special offers, event alerts and store information.

    Sprooki Michael Gethen and Claire Mula

    Sprooki Michael Gethen and Claire Mula

    Customers will be able to share content on social media including Facebook, which has more than 60 million users in Indonesia. Sprooki is available in both English and Bahasa languages.

    Based in Singapore, Sprooki uses customer location, profile and behaviour data to help retail outlets, shopping malls and department stores engage with their customers via smartphones and other devices.

    Supermal Karawaci is the largest shopping centre in Banten province, west of Jakarta, with more than 1000 stores, three cinemas and the largest Timezone arcade in Southeast Asia – complete with an indoor rollercoaster.

    Sprooki CEO/co-founder Michael Gethen says the deployment will help Supermal Karawaci’s retail tenants improve sales and give the mall unprecedented insight into shopper habits and behaviour.

    Sprooki

    “By implementing the Sprooki platform, our mall will be one of the first shopping precincts in Indonesia to incorporate a data-driven mobile platform to improve shopper experience,” says Supermal Karawaci marketing and leasing GM Pipih Tjandra.

    Sprooki’s mobile platform is already being used by Southeast Asian shopping malls such as a Lend Lease’s 313@Somserset in Singapore and Crescent Mall in Ho Chi Minh City, Vietnam, as well as thousands of retailers and major brands such as Coffee Bean and Tea Leaf, Forever 21, Gap, GNC, Marks & Spencer and Pie Face.

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  • KAI Offers Train Cars to Myanmar

    KAI Offers Train Cars to Myanmar

    State-owned railway company PT Kereta Api Indonesia (KAI) has offered at least 600 old train cars to Myanmar.

    “We have about 600 20-year-old cars. They can run up to 60 kilometers per hour. But they need to be reconditioned,” KAI director of logistics and development Budi Noviantoro said in Yogyakarta.

    Budi explained that his company has sent a technical team to Myanmar to conduct a survey. As the company purchased new cars from General Electric, PT KAI had no longer used the old cars for its operations.

    The Myanmar Ambassador to Indonesia has offered PT KAI to operate the country’s railway, reflecting a cooperation commitment to realize the mass transportation project.

    “Myanmar has had trains. But the speed is limited only to 30 kilometers per hour,” Budi said.

    Budi pointed out Myanmar has a huge potential in the railway sector, but the government could not yet optimize the potential, as the situation in the country has just been stabilized.

    In addition, KAI has also discussed a cross-border railway project, connecting Kunming, Vietnam, Thailand, Malaysia and Indonesia. Delegations of six ASEAN countries, including Myanmar are currently meeting in Yogyakarta to discuss the cross-border railway project.

    KAI president director Edi Sukmoro said that the cross-border railway network can be realized since railway transportation is the most important part in the ASEAN Economic Community era.

    “In Europe, a car can be transported by a Ferry. In the future, Indonesia can have this,” he said.

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  • Government to revitalize 1,000 traditional market centers in 2017

    Government to revitalize 1,000 traditional market centers in 2017

    The government will build and revitalize 1,000 traditional market centers in 2017 at a total cost of Rp3.7 trillion Fund.

    The Trade Ministry would build and revitalize 272 of the markets with the Aid Task Fund and 52 carry over project from 2016, Trade Minister Enggartiasto Lukita said.

    The remaining 728 units would be built and revitalized with the Special Allocation Fund (DAK) and fund from the Ministry of Cooperatives and Small and Medium Enterprises..

    Enggartiasto said the trade ministry had carry over projects to be implemented in 2017 was as a result of the cut in the budget for all ministries and government agencies including the trade ministry.

    “We will give priority to development of small traditional markets . The development and revitalization program would follow standardization of market and system of management,” he said.

    With the system the markets would be well maintained, he added.

    “Currently the traders pay fee but there is no accountability of the fee from the market management. The market management charges fee but the fund is not used to improve the service and for the maintenance of the market,” the minister said.

    In 2015, the government plans to build and revitalize 1,017 traditional market centers, including 182 units to be financed with TP fund, 770 units with DAK and 65 units with fund from the the Ministry of Cooperatives and Small and Medium Enterprises.

    Implementation of the plan in 2016 reached 99 percent with 1,002 units of market built and revitalized.

    In 2016, development of traditional markets with TP fund, 168 units with a budget of Rp1.46 trillion and 710 units within DAK of Rp1.006 trillion.

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  • Garuda Indonesia Bans Samsung Galaxy 7 Note From All Flights

    Garuda Indonesia Bans Samsung Galaxy 7 Note From All Flights

    Garuda Indonesia has issued a ban on the Samsung Galaxy Note 7 for all its flights starting from Monday due to safety issues.

    This move ensues the recent ban by US Department of Transportation on the device, including its recalled and replaced units, after reports of the smartphone catching fire.

    Garuda Indonesia VP corporate communications Benny S. Butarbutar said in a press release Monday that passengers in possession of a Samsung Galaxy Note 7 would not be permitted to board the aircraft. Bringing the device through carry on baggage, checked-in luggage, or cargo was also strictly prohibited.

    This is the second ban issued by the airline regarding Samsung Galaxy Note 7. In early September, it banned the use of the device during flights as well as warned passengers not to charge the battery or store the smartphone in checked baggage.

    Samsung has already been forced to recall more than 2.5 million devices due to faulty batteries. The company has instructed users to “power down and stop using the device”, and announced the permanent end of its production last week.

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