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Tag: jakarta

  • Jakarta Economy Slows Down in 2015

    Jakarta Economy Slows Down in 2015

    Data from the Central Bureau Statistics (BPS) of Jakarta revealed that the Jakarta economy grew by 5.88 percent, slower than in the previous year at 5.91 percent. The economic growth was measured based on the regional gross domestic product (GDP).

    “The regional GDP per capita in Jakarta last year reached Rp194.87 million or US$14,570,” BPS Jakarta head Syech Suhaimi said on Friday, February 5, 2016.

    From the production, Suhaimi explained, the highest growth was achieved by the financial services sector at 10.72 percent. From the spending, the household consumption gained the highest growth by 5.04 percent.

    The Jakarta economy structure is currently dominated by three sectors, namely car and motorcycle reparations (16.65 percent), the processing industry (13.84 percent), and construction (13.16 percent).

    The Capital’s economic growth had been slowing down over the last three years. In 2013, the Jakarta economy grew by 6.07 percent, and dropped to 5.91 percent in 2014.

    “The trend continues to decrease. Since 2011, the government and the business community have been watching this trend,” he said.

  • Starwood Hotels & Resorts to Debut Ultra-Luxury St. Regis Brand in Jakarta

    Starwood Hotels & Resorts to Debut Ultra-Luxury St. Regis Brand in Jakarta

    Starwood Hotels & Resorts Worldwide announced today that the company has reached a management agreement with Rajawali Property Group to open The St. Regis Jakarta and The Residences at The St. Regis Jakarta. Centrally located on Jalan H.R. Rasuna Said, Kuninganin in South Jakarta, the hotel and residences will be part of a new mixed-use development, which will also feature a commercial office tower that will serve as the headquarters of Rajawali Property Group. Slated to open in 2019, The St. Regis Jakarta and The Residences at The St. Regis Jakarta are poised to become the premium address for well-heeled travelers and residents.

    “The St. Regis Jakarta and The Residences at The St. Regis Jakarta are a great testament to the growing wealth and appetite for luxury in Indonesia’s capital,” said Stephen Ho, President, Starwood Hotels & Resorts Asia Pacific. “We are delighted to foster our relationship with Rajawali Property Group by bringing the St. Regis brand’s bespoke service, contemporary design and refined elegance to the ever-bustling city of Jakarta.”

    Shirley Tan, CEO of Rajawali Property Group, added, “Jakarta currently features some upscale residences that are located above or next to hotels, but few offer the heights of refinement tied to the St. Regis name. Today’s signing with Starwood is part of Rajawali’s greater residential strategy to develop a collection of truly branded residences with unique ownership privileges in Southeast Asia, including The Residences at The St. Regis Langkawi in 2016 and The Residences at The St. Regis Jakarta in 2019.”

    The St. Regis Jakarta will offer 280 luxuriously-appointed guestrooms and suites, all bearing elements of the brand’s rich heritage infused with modern inspiration. The hotel will feature four distinctive restaurants, including an all-day dining venue, a fine dining restaurant, The Deli, and the signature St. Regis bar. For meetings and events, the hotel will offer expansive function space that spans 3,600 square meters. Guests will also be able to indulge in world-class leisure facilities, including a spa with six treatment rooms, a fitness center and a swimming pool. To further enhance the guest experience, The St. Regis Jakarta will provide signature St. Regis Butler Service, offering guests 24-hour anticipatory service that customizes each stay to specific needs, tastes and preferences, allowing guests to savor the rarest luxuries of all time.

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    Following the success of the residences at St. Regis hotels in Singapore and Bangkok, and the soon-to-open St. Regis Kuala Lumpur, The Residences at The St. Regis Jakarta will set new standards for luxury living in Jakarta. Located in a separate tower adjacent to the hotel, the 164 branded residences will offer homeowners and investors refined luxury and privacy, with each home expressing a sense of intimacy, grandeur and panoramic views of the vast city skyline.

    The Residences at The St. Regis Jakarta will feature three types of apartments: a 3-bedroom Sky Residence occupying 355 to 373 square meters; the Sky Villa, a 750 square meter, 4-bedroom unit; and the Sky Palace, featuring over 1,250 square meters. Residents will enjoy exclusive concierge service, a multi-function room and wine room, private garden pool, private dining and library lounge, fitness center and dedicated car parking space. Residence owners will also be able to enjoy the renowned St. Regis services at their doorstep, including St. Regis Butler Service, as well as access the hotel’s fitness and dining facilities.

    “Starwood is pleased to expand its portfolio of St. Regis residences in Asia Pacific, as we see strong continued growth opportunities in this area,” said Rajit Sukumaran, Senior Vice President, Acquisition & Development, Starwood Hotels & Resorts, Asia Pacific. “The Residences at The St. Regis Jakarta will cater to the lifestyle needs of the increasingly affluent and appeal to luxury property investors, while remaining deeply rooted in St. Regis’ distinctive legacy of uncompromising elegance and the ability to provide the finest experiences imaginable.”

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    The announcement further strengthens the partnership between Starwood and Rajawali Property Group, which currently owns eight Starwood properties, with a total of more than 1,500 rooms throughout Malaysia and Indonesia. This distinguished portfolio includes The St. Regis Bali Resort and the all-suite St. Regis Langkawi Resort. The latter is on track to open in April 2016, as part of an integrated complex comprising The Westin Langkawi Resort & Spa and the ultra-modern Langkawi International Convention Centre (LICC), both owned by Rajawali Property Group.

    Starwood currently operates 18 hotels in Indonesia, five of which are located in Jakarta. The company is accelerating its growth in the country and is on track to open 13 additional hotels in the next three years. In addition to The St. Regis Jakarta, Starwood’s pipeline also includes Aloft hotels in Kebon Jeruk and Wahid Haysyim, The Westin Jakarta and W Jakarta.

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  • Equinix doubles capacity of Jakarta Data Center in partnership with DCI Indonesia

    Equinix doubles capacity of Jakarta Data Center in partnership with DCI Indonesia

    Equinix a global interconnection and data center company has announced the expansion of its data center in Jakarta, known as JK1, through its partnership with DCI Indonesia (DCI).

    Coupled with its alliance with DCI and a premium connection with the Indonesian Internet Exchange (IIX), the second phase of development at JK1 is an indicator of Equinix’s continued commitment to the region, where market demand from the cloud and financial sectors for world-class data center services is flourishing.

    “Our partnership with Equinix has helped to fast track the expansion of JK1 and has bolstered our commitment to bringing in more carriers to further enrich network density. We will be collaborating with the Indonesian Internet Service Provider Association (APJII) for direct peering connection to the IIX,” said Marina Budiman, CEO, DCI Indonesia.

    “This will provide companies looking to expand or establish themselves in Indonesia with more opportunities to interconnect with other service providers to help grow their business,” added Budiman.

    JK1 phase two will add approximately 400 cabinets to the data center, doubling the available capacity to a total net size of 800 cabinets. The expansion is scheduled to be completed by the end of February 2016.

    Through the DCI and Indonesian Internet Service Provider Association (APJII) collaboration, JK1 enables direct peering connection to the IIX. Companies can also access Equinix’s highly interconnected International Business Exchange (IBX) data centers across strategic global markets via existing major network providers.

    “We are delighted to have partnered with DCI Indonesia to present direct peering to the Indonesia Internet Exchange (IIX) which is managed by APJII in the DCI data center,” said Jamalul Izza, President & Chairman – APJII.

    “This is in line with our vision and mission which is to be actively participating in building and developing the Indonesia Internet governance to enhance the potential of human resources in the field of internet technology and in one of APJII’s programs in increasing local traffic,” added Izza.

    JK1 is located at Cibitung, approximately 30 km from the Sudirman Central Business District (SCBD), offers a full range of premium colocation, interconnection and support services.

    The carrier-neutral facility will be bringing more carriers into the data center to enrich network density by partnering with Indonesian Internet Service Provider Association (APJII) to provide more options for direct peering connection to the IIX.

    The JK1 phase two will further extend Platform Equinix to cater to the increased demand for premium interconnection and data center services in Indonesia and the Asia-Pacific region.

    The expansion will give existing customers the added capacity to easily scale when required, ensuring high-performance, network reliability, redundancy, and low latency. It is in line with the steady growth of the company’s leading global interconnection platform, in which Equinix has invested more than $7.5 billion over the last 17 years.

    “The phase two expansion of JK1 does more than just cater to ongoing demand from our financial services customers. Access to IIX will provide greater connectivity for customers, especially cloud and content providers, who will benefit from interconnection to other network providers,” said Clement Goh, Managing Director – Equinix South Asia.

  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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  • 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.

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