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Tag: indonesia

Retail Asia08/03/2016
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Automotive

Ford to Shutter Operations in Japan, Indonesia

3min0
After pursuing “every possible option,” global auto giant Ford Motor Co. has said decided to close down all operations in Japan and Indonesia by the end of this year. “It has become clear that there is no path to sustained profitability, nor will there be an acceptable return over time from our investments in Japan […]
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Retail Asia08/03/2016
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Telecom

Telkom Nets Rp15.5tn Profit

2min0
State-owned telecom operator company PT Telekomunikasi Indonesia (Persero) Tbk., booked a net profit of Rp15.5 trillion last year. The figure reflects a six-percent increase from 2014’s Rp14.4 trillion net profit. Telkom official says that the net profit climb was mainly supported by an increase in revenue. “Last year our revenue rose 14.2 percent to Rp102.4 […]
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Retail Asia08/03/2016
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Living

“Wonderful Indonesia” to join berlin Tourism Bourse

2min0
Indonesia will participate in Berlin Internationale Tourism Bourse (ITB Berlin) in Germany, March 9-13, 2016. The Indonesian delegation to the ITB Berlin would be headed by Tourism Minister Arief Yahya, Nia Niscaya of the tourism ministry told Antara on Sunday. Indonesias pavilion themed “Wonderful Indonesia” will feature a Phinisi traditional boat of South Sulawesi. Some […]
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Retail Asia08/03/2016
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Telecom

Sanction for SMS Cartel

5min0
The verdict delivered by the Supreme Court (MA) that punishes six cellular phone operators is a new hope for consumer protection efforts. For years, the Business Competition Supervisory Commission (KPPU) has been trying to bring shady businessmen to justice but it was always to no avail. The win is not only for KPPU, but also […]
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Retail Asia08/03/2016
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Finance

Indonesia to reopen banking transactions with Iran

2min0
Indonesia said it is open to resume banking transactions with Iran following the lifting of economic sanctions against Iran. “Banking relations, an obstacle we are facing, will soon be resumed,” President Joko Widodo said after receiving Irans Foreign Minister Mohammad Javad Zarif on the sidelines of the 5th Organization of Islamic Cooperation Extraordinary Summit on […]
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Retail Asia08/03/2016
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General

Indonesian fishery products showcased at Boston expo

2min0
Maritime Affairs and Fishery Minister Susi Pudjiastuti hoped that the visitors and prospective buyers of fishery products at the seafood exhibition in Boston, the United States, would recognize the progressive market and potential of Indonesia. “With our sincere efforts to combat illegal, unreported, and unregulated (IUU) fishing, the people will witness a rapid growth in […]
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Retail Asia08/03/2016
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General

“Wonderful Indonesia” promoted on sidelines of OIC Summit

2min0
Indonesias Tourism Ministry promoted “Wonderful Indonesia” brand on the sidelines of the Fifth Extraordinary Summit of the Organization of Islamic Cooperation (OIC) held at the Jakarta Convention Center on March 6-7. The ministry extended support for conducting the summit, the ministrys spokesman Billy Iqbal Alamsyah said here on Monday. “We provided support in several forms, […]
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Retail Asia01/03/2016
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Telecom

Indonesia could block internet services

3min0
Indonesia is the latest country to question the tax arrangements of the world’s internet giants, issuing a threat to block their services if they fail to comply with local set-up requirements and pay tax. “All have to create a permanent establishment, like the contractors for the oil sector, so they can be taxed,” stated Bambang […]
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Retail Asia01/03/2016
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E-Tailing

Lotte Group in Indonesian confectionery push

3min0
South Korean confectionery manufacturer Lotte Group is planning an eCommerce joint venture with one of Indonesia’s largest conglomerates, the Salim Group, within the next few months with the aim of being up and running by early next year. This follows a new government policy on eCommerce that opens up a market of nearly 250 million […]
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Retail Asia26/02/2016
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Fashion

Mountia launches Bali outlet

1min0
A Korean outdoor brand has opened a store in Bali, its third store in Indonesia. Mountia, owned by Dongjin Leisure, opened stores in Jakarta and Puri last year, with its latest outlet being in Parkson Department Store, in Bali’s Discovery Shopping Mall. A Mountia official describes as “meaningful” the fact the company has opened a […]
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Retail Asia26/02/2016
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Fashion

Wildcraft expands out of India

1min0
As a first step toward growing its international presence, Indian fashion brand Wildcraft has launched into the Middle East and Southeast Asia. It has formed partnerships for its foray into the UAE, Oman and Muscat markets, and online partnerships for Hong Kong, Indonesia, Malaysia, Singapore and Taiwan, reports ETRetail.com. Wildcraft unveiled a new brand identity […]
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Retail Asia25/02/2016
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Living

Indonesia to close down all red-light districts by 2019

2min0
Indonesia plans to close down all red-light districts in the country by 2019, media reports said on Wednesday.The plan, under the supervision of the Indonesian Social Affairs Ministry, looks to shutting down a total of 168 such prostitution zones in the country, Efe news agency reported. While 68 red-light areas have already been closed down, […]
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Retail Asia25/02/2016
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Telecom

Indonesia to Block Line, WhatsApp, Other Unlicensed OTT Apps

3min0
The Indonesian government plans to block over-the-top (OTT) applications that fail to meet the state regulation on permanent business entities. Rudiantara, Minister of Communication and Informatics, said his department is finalizing a bill related to the obligations of permanent business entities for OTT players operating in Indonesia. The bill is expected to be released in […]
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Retail Asia25/02/2016
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Living

Panasonic Broadcasts Total Eclipse Live Using Solar Energy

3min0
As Sumatra, Borneo and Sulawesi plunge into darkness during a rare total solar eclipse on the morning of March 9, 2016, Panasonic will deliver a live broadcast of the approximately 4-minute-long phenomenon from Ternate, an island in eastern Indonesia, using its Power Supply Container, a stand-alone photovoltaic power package. To enable live filming and broadcast […]
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Retail Asia25/02/2016
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E-Tailing

Facebook Co-Founder Saverin Among Investors in Indonesia’s Orami

2min0
Facebook Inc. co-founder Eduardo Saverin, who’s been stepping up his investments in Southeast Asian technology startups, joined a $15 million round of financing for Indonesian e-commerce startup Orami. Other investors included the technology-focused investment arm of Indonesia’s Sinar Mas Group, Shanghai-based Gobi Partners Inc., Velos Partners and Ardent Capital LLC, according to a statement Wednesday. […]
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