Tag: jakarta

  • BRI records net profit of Rp25.2 trillion

    BRI records net profit of Rp25.2 trillion

    PT Bank Rakyat Indonesia Tbk. made a net profit of Rp25.2 trillion in 2015, representing a 4.5 percent growth from Rp24.2 trillion it made in the previous year.

    “The growth is driven by an increase in the interest income that reached Rp82.2 trillion, reflecting a growth of 13.5 percent from the previous year,” the state-owned lenders president director, Asmawi Syam, said here on Wednesday.

    The banks non-interest income reached Rp14.2 trillion, up 21.4 percent from the previous years figure, taking the total income of the lender to Rp96.4 trillion, 14.6 percent above the previous figure.

    Outstanding loans distributed by Bank BRI till 2015-end reached Rp558.4 trillion, reflecting a growth of 13.9 percent year-on-year compared to the same period of the previous year. These loans were given across all business sectors.

    Credits to the micro-sector, which is the core business area of the bank, grew by 16.8 percent year-on-year to reach Rp178.9 trillion with the number of customers increasing to 7.8 million from 7.3 million, year-on-year.

    “Credit growth in the micro-sector was driven by the re-launch of a smallholder credit program (KUR) by the government in the middle of August 2015,” he said.

    Since its launch on August 18 2015, Bank BRI has extended Rp16.2 trillion in credits to more than 920,000 businessmen across the country through the KUR program.

    Credits to non-state-owned companies in the corporate segment grew 31.5 percent year-on-year to Rp75.1 trillion while credit to the consumer segment grew 9.8 percent to Rp88.5 trillion.

    Credits to state-owned companies were up 9.6 percent to Rp81.2 trillion and to small commercial and medium businesses rose 7.5 percent to Rp134.7 trillion.

  • Indonesia’s Elevenia marketplace gets $50 million from existing investors

    Indonesia’s Elevenia marketplace gets $50 million from existing investors

    Elevenia just raised another $50 million from its existing investors. The ecommerce marketplace is a joint venture of South Korean company SK Planet and Indonesian telco XL Axiata.

    Elevenia launched in Indonesia in early 2014 with an initial capital of $18.3 million from each partner. It has since received multiple capital injections from its parents, bringing Elevenia’s total funds – including the latest round – to about $110 million.
    The company claims to have clocked $95 million in revenue in 2015. It also says it has about 20,000 daily transactions and four million products listed from 30,000 sellers, with 40 million visitors.

    That’s double the figures it released around its first anniversary in early 2015. At that time, Elevenia announced 20 million visitors a month, 18,000 sellers, and two million product listings. It did not release revenue figures for 2014.

    Elevenia has been a steady yet somewhat quiet presence in Indonesia’s crowded ecommerce landscape. It competes alongside companies like Lazada, Bukalapak, Tokopedia, Qoo10, Rakuten, Blanja, Blibli and MatahariMall.

    With fresh funds at hand, it plans to grow its team, increase its marketing efforts, improve its product and services, and move to a new office, the company said in a statement.

  • Jakarta’s airport train to be operational in 2017

    Jakarta’s airport train to be operational in 2017

    Development of rail track between Jakarta’s Manggarai railway station and Soekarno Hatta airport is expected to be completed in 2017.

    “We already coordinated with PT Railink. It is to be completed in February 2017,” President director of the state owned airport operator PT Angkasa Pura II Budi Karya Sumadi said here on Wednesday.

    PT Railink is a joint venture between PT Angkasa Pura II and state owned railway company, PT Kereta Api Indonesia.

    PT Railink to revamp old track and build new track totaling 38.3 kilometers between the Manggarai railway station in Jakarta and the airport and operate the train.

    Budi said the train would take 54 minutes between Manggarai and Soekarno Hatta airport and there would be departure of train every 15 minutes.

    Everyday there would be 61 trips with a carrying capacity of 35,000 passangers.

  • Direct flights between Indonesia, India likely this year

    Direct flights between Indonesia, India likely this year

    Direct flights between India and Indonesia are likely to begin this year to facilitate tourism, Indonesian ambassador Rizali W. Indrakesuma said on Wednesday.”The Indian government has already given permission; it is a matter of how Indonesia responds. We are hoping that direct flights between the two countries begin by this year or by next year at the latest,” said Indrakesuma said.The first flights both governments plan to launch initially are between Delhi and Jakarta and Mumbai and Bali. Garuda Indonesia and Air India will operate flights between the two countries.

    The ambassador said a deal on the matter could be finalised in March when the transport minister of Indonesia will participate in an event organised by the civil aviation ministry in India.”This is an opportunity for our minister to engage with the Indian civil aviation minister (Ashok Gajapathi Raju Pusapati) at an event organised in Hyderabad in March,” the ambassador said.”The consulate general of Indonesia in Mumbai will push the ministry of tourism to open direct flights for the first time between Delhi and Jakarta and Mumbai and Bali.

    Last year, 262,000 tourists from India visited Indonesia; we expect the figure to go up to 350,000 this year. First it’ll be a government-to-government engagement and later we can engage private airlines,” said Taufik Nurhidayat, deputy director, ministry of tourism, Republic of Indonesia.Indonesia attracts the highest number of tourists from Singapore, followed by Malaysia, Australia, China, Japan, Korea and India.

  • Garuda to launch non-stop Heathrow-Jakarta service

    Garuda to launch non-stop Heathrow-Jakarta service

    Garuda Indonesia has confirmed it’s leaving Gatwick to launch a direct service to Jakarta from Heathrow.

    From March 31, the airline will use its fleet of B777-300ERs to operate a five-times weekly service to the Indonesian capital, an increase from the three-times weekly service it operates from Gatwick.

    Flights to Jakarta will also no-longer stop at Amsterdam, creating the UK’s first non-stop flight to Indonesia.

    Heathrow CEO John Holland-Kaye said the deal shows how important Heathrow is to British business.

    “As the UK’s only hub, Heathrow is able to support regular direct flights to 75 long haul destinations not served by any other UK airport,” said Holland-Kaye.

    “With expansion, we can bring the world to Britain’s doorstep by adding up to 40 more long haul routes to high growth markets and more than doubling the number of UK cities served.”

    Jubi Prasetyo, general manager UK & Ireland said: “Making the move to Heathrow Airport has been an ambition of ours since joining Sky Team in March 2014.

    “Heathrow’s pivotal role in servicing the alliance’s 1,052 destinations makes it an ideal departure airport for our passengers. Flying non-stop direct to Jakarta means we will truly be the most efficient way to reach Indonesia from the UK.”

  • Inflation May Accelerate to 4.38% in January

    Inflation May Accelerate to 4.38% in January

    Supplies of shallots and chili, staple ingredients in Indonesian meals, are often low during the rainy season, propping up the prices index, said Sasmito Hadi Wibowo, the deputy of goods and services distribution at the Central Statistics Agency (BPS).

    Beef prices are also on the rise, increasing by 1 percent alone this month after the government slapped a 10 percent value added tax on beef trade and import in the beginning of this year. Officials reversed the policy on Friday.

    Bank Indonesia has targeted an inflation rate of between 3 percent and 5 percent this year.

    The central bank just cut its benchmark interest rate to 7.25 percent last week as it seeks to stimulate bank lending and boost growth, but an accelerating inflation would undermine its ability to trim the interest rate further.

    The government aims to expand Southeast Asia’s largest economy by 5.3 percent this year, rebounding from an estimated 4.7 percent last year, its slowest pace since 2009.

  • Creative Industry Positive in Digital Era

    Creative Industry Positive in Digital Era

    Cooperation and SME Minister, Anak Agung Gede Ngurah Puspayoga, visited Marketers Creativity Day expo of creative products in Smesco building, Jakarta. He emphasized that creative industry has a big chance in the digital economy era.

    “The chance is open for anyone, be it internet users or women,” he said.

    Moreover, economy expert, Sri Adiningsih, said that Indonesia owns many creative products in the Asean Economic Community, only the marketing is still the problem. She even boosts women to create business and promote their products through social media in internet. Sri also calls on the people to use Indonesian origin products.

    Initiator of Galeri Indonesia WOW, Hermawan Kertajaya, said that Marketers Creativity event will be held on monthly basis. The expo is expected to inspire creative business in Indonesia, in the wake of Asean Economic Community.

  • Jakarta index closes higher on Friday

    Jakarta index closes higher on Friday

    The Jakarta composite index (JCI) closed 42.61 points higher on Friday on selective buying by market players.

    The index of the Indonesian Stock Exchange rose 0.96 percent to 4,456.74 points with index of 45 blue chips up 1.48 percent to 779.31 points.

    Selective buying of big capitalization shares pushed up the JCI slightly, HD Capital analyst Yuganur Wijanarko said.

    “In addition, share prices in foreign markets generally rose on oil prices being on the increase lately , prompting market players on the domestic market to buy shares< he said.

    The price of WTI on Friday afternoon rose 4.3 percent to S$30.80 per barrel and Brent pri9ce was up 5.09 percent to US$30.74 dollar.

    Satisfaction expressed by the Capital Investment Coordinating Board (BKPM) with the achievement in direct investment to Rp545.4 trillion in 2015 gave positive sentiment to the market.

    In 2016, BKPM set growth target at 9.3 percent for direct investment to Rp594.8 trillion .

    There were 213,493 transactions in the market on Friday with 4.07 billion shares valued at Rp5.25 trillion changing hands .

    Regional markets such as Hang Seng, Nikkei and Straits Times recorded gain in index.

    Meanwhile the national currency rupiah closed stronger trading at 13,834 per U.S. dollar gaining from the previous level of 13,906 per dollar.

    “Rising trend of oil prices propped up the currencies of emerging countries ,” financial market observer from Bank Himpunan Saudara, Rully Nova, said.

  • First Internet Retailing Expo in Asia Took Place in Jakarta

    First Internet Retailing Expo in Asia Took Place in Jakarta

    On 19-20 January 2016, Internet Retailing Expo successfully launched its first edition in Jakarta. Indonesia was chosen to host the event due to the potential of country’s consumer market and an online market that is ready to take-off.

    The two-day conference happened in Pullman Hotel at Central Park, Jakarta, with focuses on both learning and the evaluation of technologies, products and services to help retailers looking to establish and grow their online retails strategies.

    IRX Indonesia 2016 was a roaring success with more than 700 industry professionals and 500 retailers attending the event. It aims to be the meeting place for the multichannel industry where retailers meet key suppliers and together will learn through best practice implementation case studies from a mature market.

    “That’s the power of mobile. Purchasing becomes easy for customers,” said Khrishnan during his interview session for IRX 2016.Throughout the event, 40 expert speakers shared their views on online retail business in Indonesia; many also touched upon the importance of having omni-channel retailing strategy. They include notable names such as Nadiem Makarim (CEO and Founder of GO-JEK Indonesia), Hadi Wenas (CEO, MatahariMall.com) and Krishnan Menon (CEO and Founder of Fabelio).

    The online retail business in Indonesia is definitely still in its developing stage and there are many challenges ahead, such as: lack of relevant talents, concentration of internet users in Jabodetabek, and inadequate infrastructure. However, it holds a tremendous potential as mobile is becoming a key role for any business who wants to be big in the country.

    Global Indonesian Voices is a proud media partner of IRX 2016.

  • French Manufacturer to Release Smartphone in Indonesia

    French Manufacturer to Release Smartphone in Indonesia

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

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

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

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

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

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

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

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

  • Fashion Business will Grow in 2016, Association Says

    Fashion Business will Grow in 2016, Association Says

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

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

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

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

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

  • Foreign Investors Eyeing Indonesia’s Movie Theater Industry

    Foreign Investors Eyeing Indonesia’s Movie Theater Industry

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

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

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

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

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

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

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

  • Tourism has recovered 100 pct after Jakarta bombing

    Tourism has recovered 100 pct after Jakarta bombing

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  • OGIO Announces First Retail Store Opening in Indonesia

    OGIO Announces First Retail Store Opening in Indonesia

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

    Investorideas.com Newswire

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

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

    Investorideas.com Newswire

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

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

  • Indonesia revising 2018 Asian Games mascot after criticism

    Indonesia revising 2018 Asian Games mascot after criticism

    Indonesia is revising the mascot for the 2018 Asian Games after criticism that the newly unveiled bird-of-paradise looks more like a chicken.

    Gatot Dewa Broto, a senior official at the Ministry of Youth and Sport, said today that the revision should be finalised over the next two to four months.

    The mascot, called Drawa, was launched December 27 and is named after Cendrawasih, the local name of an iconic bird which is only found in Indonesia’s eastern most Papua province, New Guinea, and eastern Australia.

    However, many online critics have said the design makes it look more like a chicken than a bird-of-paradise, while others have said the mascot is out of date or just not suitable for such a major event.