Financial service company Visa has spoken out about the need for e-commerce platforms to adopt security measures such as tokenization to boost protection given the rise of e-commerce users in Indonesia during the pandemic. Tokenization, which replaces sensitive data such as credit card numbers with tokens, can eliminate fraudsters because if the tokens are stolen, […]
Read MoreJAKARTA: Indonesia’s parliament will consider possible sweeping changes to laws that could give the government more authority over the central bank. A draft bill prepared by a panel of experts and presented to the parliament’s Legislation Committee on Monday proposed setting up a five-member monetary board, led by the finance minister, to help Bank Indonesia […]
Read MoreKUALA LUMPUR, Sept 1 — Senior Minister Datuk Seri Ismail Sabri today announced that long-term pass holders from India, Indonesia and the Philippines will not be allowed into Malaysia due to a spike in Covid-19 cases in those countries. He said the new restrictions will come into force Sept 7 and apply to permanent residents, […]
Read MoreIndonesia’s economy faces a “near-certain recession” in the third quarter this year, economists say, as a robust economic recovery will depend on whether the government can control the spread of the COVID-19 pandemic and stimulate people’s purchasing power. The government will need to focus on controlling the coronavirus outbreak amid a rising number of coronavirus […]
Read MoreJAKARTA: Indonesia is tightening import rules for some consumer products including sport footwear, bicycles and air conditioning electronics, its trade ministry said, after a surge in imports in May and June. Import permits will be required and tighter document controls put in place over the importation of 11 types of products, after overseas purchases rose […]
Read MoreHigh costs for logistics and electricity in Batam are burdensome for business, hampering the government’s effort to attract investors to the free trade zone (FTZ) in Riau Islands, business players have said. Abidin Hasibuan, the president director of publicly listed electronics manufacturer PT Sat Nusapersada, said on Thursday that container shipment costs from Batam remained uncompetitive […]
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