A recent survey by global fintech organization Rapyd shows that e-wallet OVO is the most preferred payment method in Indonesia. The survey also found that online payments are more popular than bank payments in emerging markets in Asia. The survey report titled Asia Pacific E-commerce and Payment Guide 2020 showed that OVO was the most used e-wallet […]
Read MoreIndonesia booked a trade surplus of US$2.09 billion in May as imports fell steeper than the export slump against the backdrop of social restrictions worldwide and supply chain disruption, Statistics Indonesia (BPS) announced Monday. Exports plunged 28.95 percent year-on-year (yoy) in May to $10.53 billion, the lowest since July 2016, due to falling exports of coal, […]
Read MoreBusinesspeople in the country are waiting for the government to announce a new economic strategy and guidelines amid its policy to relax COVID-19-related restrictions. Without such guidelines, the so-called new normal period would only leave enterprises with more uncertainty, said businesswoman and former maritime affairs and fisheries minister Susi Pudjiastuti. “It’s business as usual in […]
Read MoreFears over virus transmission have cast a shadow on the government’s plan to reopen tourist destinations across Indonesia, especially as the number of COVID-19 cases continues to climb despite the authorities’ health protocols for the so-called new normal. The head of the Indonesian Tour and Travel Agencies Association (Asita) in Bali, I Ketut Ardana, said […]
Read MoreNewly established Indonesian wholesale marketplace Ula said it has received US$10.5 million in seed funding led by Sequoia India and Lightspeed India, as it seeks to expand its consumer base across Java. The company, which was launched in January, also received investments from San Francisco-based Alter Global, Sinar Mas-backed conglomerate SMDV, among others, along with […]
Read MoreHospitality industry players are focusing on strengthening their online public relations (PR) campaigns to maintain their relations with customers in the hopes of rebounding from the COVID-19 pandemic, according to government and company officials. Global hotel chain Marriott’s property in Bali, Westin Nusa Dua, for instance, has been actively conducting online campaigns through its website […]
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