Indonesia’s ride hailing Go-Jek is examining whether to operate in Malaysia, co-founder Kevin Aluwi said. The firm, which has launched its services in Singapore, Vietnam, and Thailand in 2018, is examining whether to expand to Malaysia, Aluwi said. Ride-hailing services in Southeast Asia are expected to surge to almost $30 billion by 2025 from $7.7 billion in 2018, according to a Google-Temasek report. It is in […]
Read MoreIndonesia has set 13 agendas to promote investment during the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, from Jan 22 to 25, including investment in the digital economy. “We will convey the change in Indonesia, as currently the government uses regulations that no longer focus on its role as a regulator, but it […]
Read MoreA regulation requiring exporters to repatriate foreign exchange earnings from the export of natural resources officially took effect on Jan. 10, and the Finance Ministry is determined to ensure compliance. “This is mandatory. That means the regulation must be enforced. There are consequences for those who do not respect the regulation,” Finance Minister Sri Mulyani […]
Read MoreLarge retailers, such as supermarkets and hypermarkets, will likely continue to experience subdued growth in 2019, which will benefit minimarket operators, Fitch Ratings says. “The shift in customers’ preference toward shopping in smaller quantities has heightened competition. The trend has hurt the growth of hypermarkets and supermarkets,” Fitch said in a press release on Wednesday. […]
Read MoreA Central Java consumer organization has called on the government to lower tolls along the 938-kilometer trans-Java toll road, which began operating early on Monday. “We hope the tolls would be revised down to make them affordable for all users,” the chairman of the Central Java Consumer Protection and Supervision Institute, Ngargono, told The Jakarta Post in […]
Read MoreFast-moving consumer goods (FMCG) companies may continue to face challenges in 2019 amid slow consumption growth and new competing products, although there is potential for a rebound in their stock prices next year, analysts have predicted. Some analysts forecast that the top-line growth of major FMCG players in Indonesia, such as Unilever Indonesia and Indofood […]
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