SMALL businesses in the Asia-Pacific, facing a capital crunch, are turning to new funding sources, according to Economist Intelligence Unit (EIU) research commissioned by Mastercard. The growth of alternative finance points to “untapped market opportunities and more growth and change in financial markets ahead”, it added. In fact, financial technology (fintech) investments in South-east Asia […]
Read MoreEnterprise Singapore’s regional group director (Indonesia) Khairul Anwar looks at the latest developments in Indonesia’s Industry 4.0 and gives advice for Singapore companies thinking of entering the market. 1. What are some of the latest developments in Indonesia’s Industry 4.0 (I4.0) scene right now? With the presidential elections over, the new Administration is likely to push […]
Read MoreThe Transportation Ministry said it would not prohibit online ojek (motorcycle taxi) service providers from giving tariff discounts, canceling its earlier statement that it wanted to stop discounts to avoid “predatory pricing”. On Thursday, Minister Budi Karya Sumadi said the ministry itself would not be the one that initiated such prohibition. “If some stakeholder requested it, we […]
Read MoreBank Indonesia will likely join other central banks in easing monetary policy to counter a global economic slowdown, Finance Minister Sri Mulyani Indrawati said. “When the situation has now changed, especially in advanced countries, including about the direction of monetary policies, and there is a signal of the global economy weakening, I think Bank Indonesia will […]
Read MoreThe Indonesian Shopping Centers Tenants Association (Hippindo) has blamed the postelection protests on May 21 and 22 for sluggish sales during Ramadan, which is usually a peak time for fashion retailers. Hippindo chairman Budihardjo Iduansjah said sales growth was still positive although it was not as high as expected because of political instability. “The May […]
Read MoreVietnamese airline Vietjet Air on Wednesday completed its inaugural flight on the new direct route connecting Ho Chi Minh City and Denpasar, with the Indonesian government saying that the new route was expected to boost tourist arrivals from Vietnam to the country’s primary destination of Bali. Marketing development undersecretary Rizki Handayani of the Tourism Ministry appreciated Vietjet Air’s move to open […]
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