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LinkedIn Releases Indonesia's First Power Profiles List

Tue, 2017-09-19 21:56
Jakarta. LinkedIn, a business-oriented social networking service, announced on Tuesday (19/09) the release of the first LinkedIn Power Profiles in Indonesia, listing most-viewed professionals in the technology sector. "Through their ability to influence, our most viewed members have shown that they can build and transform themselves, their companies and even industries," LinkedIn's managing director for Asia Pacific, Olivier Legrand, said in a statement. The Power Profiles list consists of 30 names clustered in the following categories: top leaders, under-30, marketing and advertising, and human resources. Each category features well-known professionals, including Mataharimall.com chief executive Hadi Wenas, Go-Jek Indonesia founder and chief executive Nadiem Makarim, as well as the founder and chief executive of Bubu.com, Shinta Witoyo Dhanuwardoyo. Bukalapak founder and chief executive Achmad Zaky, who is featured in the top leaders category, said he uses LinkedIn to share his perspective about the industry's future and to encourage Indonesian professionals to take their chances in improving career or business. "By doing this, I hope I can take part in helping to drive the progress of the digital industry in Indonesia, and inspire others to become global professionals and business leaders," he said. The full list can be found here.
Categories: Indonesian News

Maxx Coffee Introduces New Autumn Beverage

Tue, 2017-09-19 19:19
Jakarta. Lippo-owned chain Maxx Coffee has added a new autumn beverage dubbed Apple Pie Frappe to its menu, the company said in a statement received by the Jakarta Globe on Monday (18/09). Apple Pie Frappe is a mix of sweet and sour, consisting of vanilla flavoring and caramel syrup combined with apple flavoring and topped with whipped cream and cinnamon powder. "The new seasonal drink variant shows our commitment to always innovate by introducing and using more quality products. The most important thing is to maximize our customers' craving to enjoy our best products and services," said Geoffry Samuel, the company's head of marketing. The beverage will be available at all Maxx Coffee outlets in Indonesia until October. The Jakarta Globe and Maxx Coffee are both affiliated with the Lippo Group.
Categories: Indonesian News

SOE Banks Drop Electronic Money Fees

Tue, 2017-09-19 17:58
Jakarta. Four state-owned banks have decided not to impose fees for topping up electronic money accounts, yielding to their customers complaints. Bank Mandiri, Bank Negara Indonesia, Bank Rakyat Indonesia and Bank Tabungan Negara Persero, which belong to the State-Owned Banks Association (Himbara), will need to come up with other sources of funding to maintain and expand their e-money networks. "Himbara will direct further developments by utilizing technology," Bank Rakyat president director Suprajarto, said on Tuesday (19/09) as quoted by Antaranews.com. The lenders were planning to push Bank Indonesia, the central bank, which regulates payment systems, to charge between Rp 1,500 (11 US cents) and Rp 2,000 for topping up e-money. They said the fees would allow them to expand the e-money networks. The plan, however, was soon met with opposition of a consumer rights body, which thinks the fees would burden e-money users. Electronic money has gained popularity a few years ago, since public transportation companies like TransJakarta adopted it as the sole payment method. By Oct. 31, in accordance with a government regulation, all toll road services in Indonesia will rely on e-money systems, putting pressure on banks to install card readers in toll booths. "If there is a cost for [using] electronic money, it should be borne by the party that benefits from it most," Bank Mandiri director of digital banking Rico Usthavia Frans said. He added that Bank Mandiri will obey Himbara's resolution, regardless of the central bank's decision on the fees, which should be announced by the end of this month. Bank Indonesia executive director of communications Agusman said the central bank is still drafting the regulation on e-money fees to minimize possible burdens both to banks and customers. "We are reviewing the provisions, because Bl will always prioritize consumer protection," he said.
Categories: Indonesian News

President of RI Joko Widodo Appreciation of SOE Efforts in Building Community Economy in Borobudur Tempafale

Tue, 2017-09-19 16:58
President of RI Joko Widodo Appreciation of SOE Efforts in Building Community Economy in Borobudur Temple President of Indonesia Joko Widodo appreciated the active role of State-Owned Enterprises (BUMN) in promoting economic progress of the community through the development of Village Economic Center (Balkondes). The appreciation was conveyed by President Jokowi through a visit with SOE Minister Rini Soemarno to Balkondes BUMN in 2 villages located in Borobudur Temple Tourism Area, Yogyakarta, Monday (18/9). The Balkondes visited by the President Jokowi this time is Tuksongo and Wringinputih. Balkondes is one part of the program BUMN Present for the State initiated by the Ministry of SOEs. Meanwhile, the Minister of SOE Rini M. Soemarno revealed, the concept of establishing Balkondes which is to build a populist economy through the assistance of corporate social responsibility that supports the progress of the tourism sector. "Balkondes was established as a means of economic development of local communities through the development of UMKM activities in the surrounding environment. On one hand, there is also homestay that can be combined with local art and cultural exploration to support local tourism, "explained Rini. Currently, through the spirit of synergy SOEs Present for the country, SOEs have been able to present 16 Balkondes in 16 Villages of 20 Villages planned in Borobudur District. Balkondes built by BUMN is entirely handed over to the community as a form of corporate social concern to the people of Indonesia. On his visit at the Balkondes Tuksongo site, President Jokowi was greeted directly by the Borobudur Sub-district and had the opportunity to provide assistance in the form of coffee and clove seeds to 20 Heads of Villages in Borobudur. Balkondes Tuksongo built by Telkom Indonesia and inaugurated by Minister of SOE Rini M. Soemarno on August 20, 2017, supported by various facilities and integrated services based on digital, ranging from room automation, booking system based online tour to digital cash payment system. Balkondes Tuksongo is also equipped with digital signage and smart parking facilities. In the future, Balkondes Tuksongo is projected to become Digital Heritage Village, which is a tourist village complex that combines digital technology with the unique rural atmosphere in various cultural activities, arts, UMKM, education, and agro-tourism. On the next visit, President Jokowi visited Wringinputih built by PT. Pertamina. During the visit, the President also had the opportunity to witness the process of making Jemparing (arrow equipment) by the local community. The President was not reluctant to try the activities of archery that is available in the area of Wringin Putih. The Balkondes development in the villages around Borobudur Temple is a manifestation of SOE commitment to improve Indonesian tourism as well as developing a populist economy. It is intended to raise the potential of the region and empower the local community, so it is expected to move the economy and improve the welfare of the community through tourism activities around the Borobudur Temple. Besides being equipped with homestay facilities that allow tourists to stay and enjoy the beautiful countryside environment, Balkondes also has Joglo House facilities and a plaza with amphitheater as a stage of art and cultural performances. There is a house limasan as a display space of the work of SMEs and a small limasan house as a workshop location of the perpetrators of SMEs so that tourists who spend the night in Balkondes can directly interact and enjoy a variety of works of local SMEs and of course the local cuisine. On the same occasion, besides the President Director of Pertamina and Telkom, the President Director of BUMN-BUMN also participated in building Balkondes, among others BRI (Tanjungsari), BNI (Wanurejo), Mandiri (Kenalan), BTN (Karanganyar), PLN (Ngadiharjo), PP (Bumiharjo), Jasamarga (Majaksingi), PGN (Karangrejo), TWC (Ngaran) and Patra Jasa (Kembanglimus). Through Balkondes, SOEs are also working to improve the capacity and capabilities of local SMEs and to raise the wealth of traditional arts and culture. This is in line with the spirit of the Government to realize economic independence.
Categories: Indonesian News

Indonesia to Trace and Tax Assets Kept Hidden During Amnesty

Tue, 2017-09-19 16:11
Jakarta. Indonesia's government has issued new regulations aimed at tracing and taxing the wealth of taxpayers who were not pardoned in the nine-month tax amnesty that ended in March. Around 972,000 taxpayers joined the amnesty program and declared assets worth a total of Rp 4,881 trillion ($368.07 billion). About 24 percent of that was held offshore, mostly in Singapore, and only a small percentage of it was pledged to be brought back home. President Joko "Jokowi" Widodo vowed last year to implement a "tax law enforcement" program in 2017 following the amnesty. His finance minister, Sri Mulyani Indrawati, warned tax dodgers that if they did not join the amnesty, they would face "hell". But the government later acknowledged that tax amnesty declarations and the pledged repatriation of offshore assets back to Indonesia did not correspond to data it had on taxpayers' foreign holdings. In a guide to the new regulations, the government said it had also detected onshore assets that were not reported under the amnesty and had not been obtained with taxed income. "Given that condition, after the tax amnesty program ended it must be followed by law enforcement in the taxation field," it said. The regulation calls for all assets that were not reported or were misreported in the amnesty program, and which were obtained between Jan. 1, 1985 and Dec. 31, 2015, to be treated as untaxed income. The estimated value of the undeclared assets has not been made public. If the assets are found by authorities before July 1, 2019, they will be subject to a final income tax of 30 percent for individuals, 25 percent for companies, and 12.5 percent for special cases. That compares with personal income tax rates of 5-30 percent and corporate income tax rate of 20-25 percent. Indonesia does not have a wealth tax. Earlier this year, Indonesia's government granted tax authorities wider access to information on customer accounts at banks and other financial institutions. Starting next year, the tax office will also get data on Indonesian taxpayers assets kept in jurisdictions that are signatories to the OECD's Automatic Exchange of Financial Account Information in Tax Matters. Indrawati has previously said Indonesia's tax-to-GDP ratio of below 11 percent was "hard to swallow" and she was committed to raising it to 16 percent by 2019. The average tax-to-GDP ratio among OECD countries is 34.3 percent. Reuters  
Categories: Indonesian News

Deloitte Highlights Indonesia's Competitive Advantage, but Points to Underinvestment

Mon, 2017-09-18 23:03
Jakarta. Indonesia, along with India and the Philippines, will rise as an economic powerhouse in the coming decades, while other Asian countries are starting to face demography-driven challenges, says a new report by global accounting firm Deloitte Touche Tohmatsu. "Our analysis shows that aging will produce some very large winners at the industry level, particularly in Asia," Deloitte Australia economist Chris Richardson said in a statement on Monday (18/09). The report titled "Demographics Under the Spotlight, by Country," which is one of three reports featured in Deloitte's third edition of Voice of Asia series, highlights challenges and business opportunities in Asia Pacific. According to the report, Indonesia's working-age adult population will remain relatively stable in decades to come. Approximately two-thirds of Indonesia's current 260 million population are working-age adults, more than in other countries in the region, like Thailand or Singapore. As working adults tend to have higher purchasing power, Indonesia offers opportunities for the tourism, entertainment, hospitality, manufacturing and education industries. Rapid urbanization and political focus on infrastructure development offer opportunities in the construction, utilities and transport sector. The report also said Indonesian manufacturers have a better competitive advantage against the Chinese. Deloitte noted that the current average daily cost of factory labor in Indonesia stands at about $9, compared with $28 in China. The report said Indonesia should capitalize this trend to promote low-cost manufacturing to attract more investors. Underinvestment and Inequality? Despite the ample workforce, according to the report, Indonesia's cities are "underinvested," lacking access to clean water, sewer system and public transportation, which holds back economic growth. The Indonesian government is targeting the economic growth of 5.2 percent this year and 5.4 percent next year. That compared with last year's 5.02 percent. As the economy will continue to grow at a high rate, Indonesia may face further income and wealth inequality. "Should assets and capital continue to be largely owned by a small elite class, the richest Indonesians are more likely to benefit disproportionately from the projected high rates of economic growth generated by the demographic dividend," the report said. Still, better access to infrastructure and education may also offset the risk of inequality. "Indonesia's relatively youthful workforce gives it a significant advantage in adapting to the technological changes that are likely to arise as digital infrastructure in Indonesia catches up with the rest of the world," the report said. Indonesia, India and the Philippines have their share in the demographic dividend, with India set to become an economic superpower. India's potential workforce is going to increase from 885 million to 1.08 billion in the next 20 years. "India will account for more than half of the increase in Asia's workforce in the coming decade," Deloitte India economist Anis Chakravarty said. According to Chakravarty, India will have more advantages, because new workers will be "much better trained and educated" than the country's existing workforce, and more women will join the employment market.
Categories: Indonesian News

Former PGN CEO Hendi Prio Santoso Appointed Semen Indonesia Chief

Mon, 2017-09-18 22:09
Jakarta. Shareholders of Semen Indonesia, the country's biggest cement maker, appointed Hendi Prio Santoso as its new president director, replacing Rizkan Chandra who passed away in July, the company announced after an extraordinary general shareholders meeting on Friday (18/09). Hendi previously served as president director at state-owned gas distributor Perusahaan Gas Negara (PGN), from May 2008 to May 2017. He started his professional career in 1990, at Bank Niaga and later moved to Citibank Indonesia. He also served as associate director at state-owned brokerage firm Bahana Securities in 1998, before becoming a director at asset management company Anugra Cipta Investa in 2001. In 2004, he joined JP Morgan Securities Indonesia. The company also appointed Fadjar Judisiawan as finance director, replacing Darmawan Junaidi who now serves as finance director at state-owned Bank Mandiri. Semen Indonesia, traded under the ticker SMGR, appointed Benny Wendry as production director, replacing Johan Samudra. The company also appointed Doddy Sulasmono Diniawan as business development and strategy director, replacing Budi Siswoyo, and Tri Abdisatrijo as engineering and project director, replacing Aunur Rosyidi. The full list of Semen Indonesia executives is as follows: President director: Hendi Prio Santoso (new) Finance director: Fadjar Judisiawan (new) Marketing and supply chain director: Ahyanizzaman Production director: Benny Wendry (new) Business development and strategy director: Doddy Sulasmono Diniawan (new) Engineering and project director: Tri Abdisatrijo (new) Human resources and law director: Agung Yunanto
Categories: Indonesian News

Ongki Kurniawan Appointed Managing Director at GrabPay Indonesia

Mon, 2017-09-18 20:17
Jakarta. Online ride-hailing service Grab appointed Ongki Kurniawan as managing director in Indonesia for its online payment system GrabPay, the company announced on Monday (18/09). "We are excited to have Ongki grow GrabPay in Indonesia and accelerate financial inclusion for Indonesians. The unique nature and size of Indonesia requires world-class expertise and we are convinced Ongki's experience spanning telco, payments, social media and commerce will add invaluable depth and strong local leadership to our Indonesia team," GrabPay head Jason Thompson said in a statement on Monday. He added that Ongki's deep understanding of the national market will help transform GrabPay into Indonesia's most relevant and widely used mobile payments platform. "I share the same passion as Grab in helping Indonesians benefit from the digital economy through innovations made here in Indonesia. GrabPay‟s vision to bring everyone into the digital economy – from the emerging middle class to small businesses across the country – is one that will help make Indonesia Southeast Asia's largest digital economy, and I look forward to being a part of that journey," Ongki Kurniawan said. Ongki will work alongside local engineers at Grab's research and development center in Jakarta, as well as expand the company's network with partners to develop payment solutions for Grab Indonesia's consumers and merchants. Ongki previously served as managing director of LINE Indonesia, a local arm of Japan's Line Corporation. He also served as chief digital officer at XL Axiata, Indonesia's second largest mobile telecommunications operator. Ongki holds a bachelor's degree from the Bandung Institute of Technology (ITB) in electrical engineering and a master's degree in finance and accounting from Haas School of Business at UC Berkeley. Earlier this year, Grab made a commitment to invest $700 million in Indonesia by 2020 to expand its business in the Southeast Asia's largest economy. Grab also aims to develop five million micro-entrepreneurs in Indonesia by 2018 and to expand the number of local engineers and technical assistants hired by Grab. The company will also invest more than $100 million in companies that focus on strengthening financial inclusion for lower- and middle-class residents. The company will focus on expanding its mobile and financial services sector, especially to serve smaller cities in Indonesia which have yet to enjoy the benefit of the digital economy. The fund will also help entrepreneurs market their products with capital investments and technical assistance from Grab. Meanwhile, Grab also acquired Kudo, an online to offline payment platform in May this year for an undisclosed amount to improve Grab's e-payment service. The Jakarta Globe and Grab are both affiliated with the Lippo Group.
Categories: Indonesian News

Garuda to Start Direct Jakarta-London Flights on Oct. 31

Mon, 2017-09-18 19:31
Jakarta. Flag carrier Garuda Indonesia announced on Friday (15/09) that it will start direct flights between Jakarta and London next month. The new nonstop flights to London's Heathrow Airport, available on Tuesdays, Thursdays and Saturdays, will commence on Oct. 31, cutting out the current stopover in Singapore. The state-controlled airline said in a statement that it will use the Boeing 777-300ER aircraft currently used on the Jakarta-Singapore-London route, offering economy, business and first-class seats. Garuda president director Pahala N. Mansury said the direct Jakarta-London route has been the airline's top priority ever since it resumed flights to Britain in March last year. The airline is using the newly built Terminal 3 at Soekarno-Hatta International Airport as a hub for international and domestic flights. Pahasa said the airline decided to start offering direct flights to satisfy rising demand, and to allow travelers from Britain to enjoy better connectivity to other destinations in the Asia-Pacific region. Towards this end, Garuda Indonesia has amended flight timings to allow passengers from Britain to access flights to destinations such as Sydney, Melbourne and Perth. The airline said in the statement that first-class customers on the upcoming flights will enjoy various premium services, including "Inflight Connectivity" (inflight internet services), "Live TV," and "Chef on Board" to make the long-distance flights more enjoyable.
Categories: Indonesian News

Matahari Putra Prima Appoints Travis Saucer as Interim CEO

Mon, 2017-09-18 16:55
Jakarta. Indonesian listed retailer Matahari Putra Prima, or MPP, appointed William Travis Saucer as its new interim chief executive to replace Noel Trinder, the company announced on Monday (18/09). Saucer, who will serve as MPP's chief executive for the next 12 months, was appointed Matahari Department Store's chief executive and president. He started his professional career in 1973, working for US department store J.C. Penney and Saks Fifth Avenue. Saucer also previously served as chief executive for military footwear company McRae. Under Saucer's leadership, the management at MPP will focus on strengthening its customer value propositions, innovation and increasing operational efficiency, while continuing to empower its strong team of local and expatriate workers. MPP's board of directors is currently seeking a candidate to serve as the company's long-term chief executive. Meanwhile, Noel Trinder, who has been with MPP for more than 10 years, will continue to serve as Lippo Group's head of consumer retail. Trinder joined MPP in 2003 as its chief executive. MPP is one of Indonesia's largest multi-format retailers and operates more than 289 stores across the archipelago and employs more than 12,700 staff and store associates. In the last 12 years, Matahari's compound annual growth grew 37 percent. The company partnered with 3,168 suppliers and serves more than 15 million Indonesians each year. The Jakarta Globe is affiliated with MPP through the Lippo Group.
Categories: Indonesian News

Consumer Group Opposes C. Bank's Plan to Charge Extra Fees on Cashless Top-Ups

Mon, 2017-09-18 15:08
Jakarta. Bank Indonesia's plan to allow lenders to charge top-up fees on electronic money systems was met with criticism from the Indonesian Consumer Protection Foundation, or YLKI, which argued that extra fees would burden low-income customers. Electronic money systems have risen in popularity in the country over the past few years, in large part due to the central bank's efforts to promote cashless transactions. Most commuters in Jakarta now use plastic cards to pay fees to use public transportation like Transjakarta and commuter trains. Local banks, however, said their investments in cashless systems have yet to yield significant returns and previously urged Bank Indonesia to issue a regulation that would allow them to make money whenever customers increase their e-money balance. YLKI was quick to voice opposition to the proposed regulation. "A cashless society is in line with the digital economic phenomenon. But it would be counter-productive if Bank Indonesia releases a regulation to charge consumers for topping up their electronic money [balance]," Tulus Abadi, YLKI's managing director, said in a statement over the weekend. Tulus said customers pay fees to start using e-money systems and that banks do not have to pay interest on customers' balances. It would be "unfair and inappropiate," Tulu continued, to force customers to pay extra fees each time they top up their balances. "Banks' profits should be based on circulating capital by giving loans, not by taking a fee from penny transactions," he said. "Imposing fees for top-ups are only tolerable if consumers are using a different bank for another bank's electronic money," Tulus said. "Otherwise, no way!" Bank Indonesia Governor Agus D.W. Martowardojo previously said the regulation will be officially introduced by the end of September and which will set a maximum fee for topping up electronic money balances. Electronic money will become more critical in day-to-day activities in the country following the government's decision to only allow access to toll roads via e-payment solutions, which will become effective on Oct. 31. As of July, 69.45 million e-money accounts were registered in the country, up nearly 36 percent compared to the number of accounts registered in Indonesia at the end of 2016. According to Agus, as quoted by state-run news outlet Antara, banks need to charge extra fees to invest in infrastructure projects, provide automatic booths and pay workers' wages to sell electronic money systems.
Categories: Indonesian News

Soekarno-Hatta Skytrain Starts Limited Operations

Mon, 2017-09-18 15:07
Jakarta. State-controlled airport operator Angkasa Pura II has commenced limited operations of the new skytrain service at Soekarno-Hatta International Airport in Tangerang, Banten, on Sunday (17/09) as part of efforts to ease travel between terminals at Indonesia's busiest airport. During the first phase, the service will operate three times daily – from 7.00 a.m. to 10.00 a.m.; 12.00 p.m. to 2.00 p.m.; and 5.00 p.m. to 7.00 p.m. – to transfer passengers between Terminal 2 and Terminal 3. AP II plans to start full-time services between the airport's three terminals in December. The $70 million skytrain missed its June target for the first-phase launch, but AP II president director Muhammad Awaluddin gave assurances that the second phase will commence on schedule. "Soekarno-Hatta Airport is the window to Indonesia. So, it is imperative to show that this airport [...] can also function well like other leading airports," Transportation Minister Budi Karya Sumadi said during the inauguration on Sunday. Skytrax, a United Kingdom-based consultancy that runs an airline and airport review and ranking site, improved Soekarno-Hatta's ranking to 44th place in its 2017 best airport list, from 63rd place last year. Budi expressed hope that the sky train service would further improve the airport's ranking to the top 20 next year. Awaluddin said use of the skytrain service is free of charge to all passengers. There will be 5-minute intervals between trains. The airport issued a free porter service policy for all domestic and international passengers last month to improve the airport's hospitality standard. Soekarno-Hatta Airport served 12.5 million people – or about a quarter of the total air travelers in Indonesia – between January and July this year, up 5.9 percent from the same period last year. With the completion of the skytrain, the airport will be able to serve 65 million passengers annually.
Categories: Indonesian News

Bolt Offers First Prepaid Unlimited Internet Service in Indonesia

Mon, 2017-09-18 13:08
Jakarta. Indonesian 4G mobile network service provider Bolt launched its first prepaid unlimited Internet service on Sept. 4. The service is the first prepaid Internet package that offers unlimited data usage in the country. "This first prepaid unlimited service is a proof of our commitment to give the best and better service for our customers," Billy Abe, chief product officer at Bolt, said in a statement on Friday (15/09). Packages for three-day unlimited data costs Rp 49,000 ($3.70), while the 10-day package is priced at Rp 139,000 and a similar 30-day package runs at Rp 399,000. The packages are available around the clock and provide maximum upload speeds of up to 2 Mbps and download speeds of up to 8 Mbps. Bolt! and the Jakarta Globe are both affiliated with the Lippo Group.
Categories: Indonesian News