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Tag: jakarta

Retail Asia31/10/2016
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General

Taiwan seeks more business opportunities with Indonesia

4min0
Taiwan expects to boost its bilateral trade with Indonesia through the introduction of the so-called “New Southbound Policy” by its new government. The policy, adopted under the leadership of President Tsai Ing-wen, who was inaugurated in May, aims to strengthen Taiwan’s cooperation with nations in South and Southeast Asia, as well as Australia and New […]
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Retail Asia20/10/2016
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Automotive

Renault launches two new cars in Indonesia

2min0
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 […]
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Retail Asia20/10/2016
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General

Rudiantara to Not Give Up on Google Tax

1min0
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. […]
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Retail Asia17/10/2016
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Fashion

Lojel Indonesia flagship opened

2min0
Lojel has opened a flagship store in Jakarta. The first Lojel Indonesia store, it is located on the ground floor of the Lotte Shopping Avenue. Founded in 1989, Lojel is now an international brand producing high-quality luggage and travel accessories. It is sold in 30 countries across five continents. The Lojel Indonesia flagship opened with […]
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Retail Asia14/10/2016
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Finance

BNI to expand in Malaysia by first half of 2017

3min0
PT Bank Negara Indonesia (BNI) has submitted an expansion proposal to the Indonesian and Malaysian regulators to establish a network branch in Malaysia. The target is to have the branch working by the first half of 2017. Chairman of PT BNI Achmad Baiquini said in Jakarta on Thursday that the Financial Services Authorities (OJK) signed a […]
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Retail Asia12/10/2016
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General

Jakarta-Surabaya rapid train to use existing track

3min0
Coordinating Minister for Maritime Affairs and Acting Minister of Energy and Mineral Resources Luhut Binsar Panjaitan has said the development of the Jakarta-Surabaya rapid train will use the existing track. “For the rapid train, we will use the existing network. We will strengthen the bearing pads and make the crossings run over or under, so […]
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Retail Asia10/10/2016
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Finance

IDX Suspends Bumi Citra Permai

1min0
The Indonesia Stock Exchange (IDX) has suspended the Bumi Citra Permai (BCIP) from trading because of significant, cumulative stock price declines. BCIP opened at Rp478 per share before plunging 46 bps (9.62%) to Rp432. “With regards to BCIP’s significant, cumulative price drops, the IDX deems it necessary to suspend the stock from being traded,” IDX […]
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Retail Asia09/10/2016
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General

No Solution yet to Google Tax Issues

3min0
The Communications and Informatics Ministry said that it has not come up with the best solution in relation to the endeavor of collecting taxes from giant tech company Google, as the regulation on foreign app companies (over the top or OTT) has not been realized yet. “No solution yet, and I’m still coordinating with the […]
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Retail Asia09/10/2016
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Food

Governement expects food self-sufficiency in 2018

1min0
Food self-sufficiency is expected to be realized in 2018, and there will be no imports in 2016, Vice President Jusuf Kalla asserted. “Food-sufficiency is expected to be realized within three years for which the efforts have started a year ago,” Kalla said here Friday. In order to reach the target several steps have been implemented, […]
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Retail Asia07/10/2016
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Finance

Susi Promises Banking Access for Fishermen

2min0
Marine and Fisheries Affairs Minister Susi Pudjiastuti will facilitate fishermen or ship owners who owns ships with a capacity of less than 10 gross tonnage to have access to banking services. Minister Susi said that ship owners would only need came to the Marine and Fisheries Affairs Ministry office. “I will establish an outpost at […]
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Retail Asia06/10/2016
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Finance

Jakarta tax amnesty has little impact on banks here

4min0
The tax amnesty scheme in Indonesia has had a much smaller impact on funds flowing out of Singapore’s private banking industry than feared, an RHB report suggested on Tuesday. The funds flowing out of Singapore likely made up only 1-2 per cent of assets under management (AUM) of the private banking industry. Some 79 trillion […]
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Retail Asia05/10/2016
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Logistics

DHL, UN hold airport disaster preparedness workshops in Indonesia

4min0
Germany’s Deutsche Post DHL Group and the United Nations Development Programme (UNDP) are once again conducting their joint preventative training, known as Get Airports Ready for Disaster (GARD), at Bali’s Ngurah Rai International Airport, Lombok International Airport and Selaparang Airport in Lombok.  Indonesia was the pilot country when the program was implemented globally in 2009 — in […]
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Retail Asia03/10/2016
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General

Sarinah Celebrates National Batik Day

2min0
Renowned retailer of traditional Indonesian products, Sarinah will celebrate National Batik Day on Sunday, 2nd October 2016 which will commence from 6:30 A.M. – 10 A.M. at its Thamrin department store location. As a leading state-owned enterprise with immense pride in its local heritage, Sarinah has also partnered with the Indonesian Batik Foundation as well […]
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Retail Asia25/09/2016
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Living

Aceh wins three prizes in halal tourism category

1min0
Aceh Province has won three prizes in the National Halal Tourism Competition (KPHN) 2016, an official said. The three awards were in the categories of Muslim Friendly Airport–given to Sultan Iskandar Muda International Airport in Banda Aceh, as well as best Muslim friendly cultural destination, and best tourist attraction for Baiturrahman Grand Mosque, said Reza […]
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Retail Asia23/09/2016
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Finance

DBS to offer digibank service in Indonesia

3min0
DBS Bank plans to launch a mobile-only banking service in Indonesia by the end of the year. DBS Group chief executive Piyush Gupta told the Sweden-Southeast Asia Business Summit on Wednesday that the bank is targeting Indonesia to capitalise on the young, tech-savvy consumers among its 260 million population. “Indonesia is an important market with […]
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