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Indonesia: Jakarta retailer Sarinah to go online

Jakarta’s city-owned retailer Sarinah department store is set to go online this month as part of an effort to collect Rp 500 billion (US$36.9 million) in revenue next year. The decision came after Sarinah was named the official retailer for 2018 Asian Games merchandise. Sarinah president director GNP Sugiarta Yasa expressed his optimism that the […]

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Trade Ministry: Indonesian Household Consumption Constantly Grow

TEMPO.CO, Jakarta – According to Ministry of Trade’s Domestic trade General Tjahya Widayanti, the buying ability of Indonesian people has not weakened. She reasons that Indonesia’s household consumption for the use of domestic products actually increased by 26.13 percent. Other than that, the increased consumption can also be used as a chance to improve domestic trade in goods and […]

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Indonesia: Six Sectors Will Boost Industry in 2018

TEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said six sectors are expected to boost the national industry in 2018. “They are basic metal industry, food and beverage, transportation, machinery and equipment, chemicals and pharmaceuticals, and electronics,” he said today at a seminar called Industry Outlook 2018 in Jakarta. Source: https://en.tempo.co/read/news/2017/12/11/056914009/Six-Sectors-Will-Boost-Industry-in-2018

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Indonesia to ban digital currency transactions by fintech firms amid bitcoin frenzy

JAKARTA (BLOOMBERG) – Indonesia’s central bank will bar financial technology companies from using digital currencies on their platforms as a global frenzy around bitcoin continues to lure more investors. The curbs, effective from Jan 1, won’t apply to trading of digital currencies, Bank Indonesia Deputy Governor Sugeng told reporters in Jakarta on Thursday. The ban on […]

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Bank Indonesia Launches Fintech Regulation

TEMPO.CO, Jakarta – Bank Indonesia (BI) has launched a new regulation on financial technology (fintech). The regulation covers a requirement for fintech companies to register with the central bank and a ban on the use of digital currencies, among others. “We want to strike a balance; to continue fintech development while avoiding any disruption on the economy,” BI Deputy […]

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