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Retail Asia23/03/2016

Communication and Informatics (Kominfo) Ministry is reported to have been preparing a regulation on foreign over the top (OTT) content provider companies operating in Indonesia. The regulation is expected to be issued at the end of March 2016. One of the articles in the regulation will oblige foreign OTT companies to form establish a legal […]

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Retail Asia23/03/2016

Some 2,000 foreign companies in Indonesia did not pay taxes in the past 10 years on the pretext of having suffered losses, Finance Minister Bambang Brodjonegoro reported to President Joko Widodo (Jokowi). “They always claimed that they suffered losses,” the minister said at the Presidential Office here on Monday. Several of the foreign companies should […]

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Retail Asia23/03/2016

Swedish furniture retailing giant IKEA will contribute 12.4 million euro (Rs 92.84 crore) to provide safe water and sanitation to one million people in India and Indonesia through Water.org. IKEA Foundation has announced a new grant of 12.4 million euro to Water.org on the occasion of the World Water Day, it said in a statement. […]

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Retail Asia23/03/2016

The Twitter logo appears on an updated phone post on the floor of the New York Stock Exchange. The social media site famous for its 140-character “tweet” limit turned 10 years old on Monday, having evolved from what was originally billed as a microblogging site into one of the internet’s most influential means of communication. […]

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Retail Asia22/03/2016

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Thousands of Indonesian taxi drivers have brought parts of the capital, Jakarta, to a standstill in a protest against transport apps. The drivers say ride-hailing apps, such as Uber and Grab, have severely reduced their salaries. Footage from Jakarta showed some protesters attacking vehicles and apparently threatening taxi drivers not taking part in the strike. […]

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Retail Asia21/03/2016

Chinas tourists have taken over the domination of Australian tourists who so far top the list of foreign tourist arrivals in the Indonesian tourist resort Island of Bali. “I have predicted that the number of Chinese tourists visiting Bali will increase after the government provides them with a visa-free facility and the opening of smooth […]

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Retail Asia21/03/2016

The Indonesian tourism ministry joined the Auckland International Cultural Festival to promote Wonderful Indonesia on March 20, I Gde Pitana, deputy tourism minister in charge of the international tourism market development, said here, Sunday. New Zealand is a potential tourism market that needs to be exploited optimally, according to him. The ministry will be more […]

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Retail Asia21/03/2016

Member countries of ASEAN will celebrate the groupings 50th Anniversary in 2017 by holding a joint tourism programme under the theme “Visit ASEAN@50: Golden Celebration” with the objective of embracing ASEAN as a single and united tourism destination. “Visit ASEAN@50: Golden Celebration will highlight ASEANs best 50 festivals and 50 most unforgettable travel experiences, whereby […]

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Retail Asia18/03/2016

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Online jobs listing platform Freelancer.com is set to expand its presence in Indonesia, with company CEO Matt Barrie praising the country’s efforts to drive innovation and investment in technology. Mr Barrie’s comments came as he and his team, including senior vice president of growth, Indonesian-born Willix Halim, played host to a delegation of Indonesian officials […]

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Retail Asia18/03/2016

Indonesia has waived visa requirements for 79 more countries, expanding the list to 169 visa-free nations as it continues its efforts to boost foreign visitor numbers.President Joko Widodo on March 2 signed a decree granting visa-free entry to tourists who wish to travel in the country for 30 days, said a statement published on the […]

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Retail Asia18/03/2016

The Communication and Informatics Ministry (Ministry) plans to issue a regulation that mandates over the top (OTT) content provider companies to establish a permanent business entity in Indonesia starting on April 2016. “The Ministry obliges OTT content provider companies to establish a business entity,” said Ismail Cawidu, Head of Information and Public Relation of the […]

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Retail Asia18/03/2016

Web in Travel (WIT) Indonesia Conference will be held in Bali on April 28, 2016. The conference on online tourism industry will invite speakers from world’s leading brands. Grace Kurnadi, CEO of Revata – the organizer of Web in Travel in Indonesia – said that she believed that the conference will attract prominent and influential […]

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Retail Asia17/03/2016

Grab Car Indonesia announced a partnership with the Indonesian Rental Business Owners Cooperative (PRRI) after the Cooperatives and Small and Medium Enterprises Minister handed over the memorandum of incorporation for the cooperative on Wednesday, March 16, 2016. “We decided to do this [partnership with the cooperative] based on government’s recommendation,” Grab Indonesia managing director Ridzki Kramadibrata […]

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Retail Asia16/03/2016

Days after being launched, Singapore’s Hallyu Ventures (HVPL) has spent US$13.8 million to take a 38 per cent shareholding in South Korean coffee chain Caffe Bene, which has outlets in 14 countries. HVPL is a joint venture between Future Investment Holdings (FIHPL), a wholly owned subsidiary of Food Empire Holdings, and Sweet Blossom Holdings (SBHL), a […]

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Retail Asia16/03/2016

Indosat Ooredoo, one of Indonesia’s largest telecommunications and services provider, and IBM today announced they will develop and deliver solutions on the http://www.ibm.com/cloud-computing to help businesses streamline processes and improve productivity. This significant five year partnership, valued at about of $200 million, will help better serve customers in the world’s fourth most populous country. Indosat Ooredoo […]

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Retail Asia16/03/2016

State telecom company PT Telekomunikasi Indonesia Tbk. (IDX: TLKM)—also known as Telkom—booked Rp102.47 trillion in revenues last year. The figure represents a 14.24-percent annual growth from 2014’s Rp89.70 trillion. “Telkom’s revenue growth to Rp102.47 trillion was mainly supported by a surge of income in the data, internet and IT services business lines,” Telkom President director […]

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Retail Asia16/03/2016

Indonesia is to participate in a major Indian major cultural festival in New Delhi in an attempt to seduce the growing middle-class in the South Asian nation into visiting the archipelago. The three-day festival, organized by international spiritualist NGO The Art of Living, will last from March 11 to 13. As one of the biggest […]

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Retail Asia16/03/2016

Indonesian President Joko Widodo inaugurated 11 bonded logistics centers on Thursday (10/03) as part of Indonesia’s second economic stimulus package that was unveiled on 30 September 2015. These bonded logistics centers aim to curtail the country’s notoriously high logistics costs which makes businesses in Indonesia less competitive and the general business climate in Southeast Asia’s […]

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Retail Asia16/03/2016

Transportation in Berlin known as tram help promotes “Wonderful Indonesia” with images of various tourist attractions in Indonesia including Borobudur, Bali and Komodo Island. “I am proud to witness tram in Berlin decorated with various tourist attractions of Indonesia,” said Lina Berlina, Indonesian designer living in Berlin, Tuesday, March 8. The promotion is due to […]

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Retail Asia16/03/2016

NH Financial Group signed a memorandum of understanding (MOU) with Indonesia’s largest bank Bank Mandiri at Mandiri’s main office in Jakarta, Indonesia, on March 1 to cooperate in developing rural areas in the Southeast Asian country. Mandiri is the largest lender in Indonesia by assets, capital, loan and deposit balance, and the state-run bank with […]

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