Bank Indonesia (BI) has confirmed that it will issue a new regulation on quick response (QR) codes due to the method’s growing use among payment service providers. The Bank Indonesia Regulation, scheduled to be launched this month, will focus on the harmonization of QR code payment systems used by all providers and on the standardization […]
Read MorePresident Joko “Jokowi” Widodo has pledged to prepare five sectors to be developed for the fourth industrial revolution. Also referred to as Industry 4.0, the fourth industrial revolution refers to the enhanced connectivity and digitization of the manufacturing sector. “The five industries are food and beverage, textiles, automotive, electronics and chemicals,” Jokowi said during the […]
Read MoreAlibaba Group Holding Ltd recently announced that they will invest an additional US$2 billion into the Lazada Group. It is believed that this move by Alibaba is to counter Amazon’s plans of expanding its market to this region which has over 600 million potential customers. The American e-commerce giant officially launched a membership programme named […]
Read MoreLast week, the European Chamber, together with German development agency GIZ, presented research findings on the barriers to investment and investment promotion in Myanmar’s healthcare and tourism sectors. With the objective of enhancing the investment environment in Myanmar, the chamber conducted a detailed analysis of Public Private Partnerships (PPP) in the country and provided recommendations […]
Read MoreIndonesia is now developing a second generation of Bonded Logistic Centers (PLB Second Generation), as PLB First Generation was considered a success in reducing logistic costs. “The goods that in the past were stored in Singapore now can be stored here at a lower cost. A businessman could cut the cost up to Rp 7.18 […]
Read MoreConsumer confidence rebounded 3.6 percent to 100.8 points in March from 97.3 in the previous month, according to a survey conducted by Danareksa Research Institute (DRI). DRI says the survey reveals that consumers had given more positive assessments on current economic conditions and the job market, while their concern about high foodstuff prices had fallen […]
Read More
Thailand
