SINGAPORE: Indonesia’s Go-Jek plans to roll out a preliminary version of its ride-hailing app in Singapore Thursday, bringing fresh competition to the hometown of arch-rival Grab, according to people familiar with the plan. Go-Jek’s beta app will be available to a limited number of consumers before expanding it to a wider population as testing progresses, said the people, who […]
Read MoreA new study has found that Indonesia’s digital economy is poised to become the largest in Southeast Asia as its market value triples to US$100 billion by 2025 from $27 billion in 2018, promising more jobs and more consumer choices for an emerging tech-savvy generation. The annual “e-Conomy Southeast Asia” study, conducted by American tech giant Google and […]
Read MoreState-owned electricity company PLN has expressed its commitment to lowering the price of electricity for industry, as it is still considered too expensive. PLN corporate planning director Syofvi Felienty Roekman said in Jakarta on Tuesday that electricity prices had become one of the factors behind investors’ reluctance to invest in the country. She said that in […]
Read MoreTwo major lobby groups, the Indonesian Chamber of Commerce and Industry (Kadin) and the Indonesian Employers Association (Apindo), have welcomed the House of Representatives’ decision to delay the deliberation of the General Taxation System (KUP) bill. They argue that the postponement of the bill’s deliberation, which was initially targeted to be completed this year, would give stakeholders adequate time to […]
Read MoreJAKARTA:Malaysian palm oil futures suffered their biggest fall in more than 21 months on Monday after Indonesia, the world’s top palm oil producer, announced measures to increase shipments. The sharp drop in palm oil prices in late trading was in direct response to the announcement that Indonesia will help palm oil exporters by reducing its export levy to zero from $50 a tonne previously, traders said. Until now the Indonesian levy had […]
Read MoreBank Indonesia is preparing a cross-border regulation on QR code transactions that is expected to come into effect early next year. “The cross-border regulation is for regulating QR code transactions in rupiah made by foreign players,” a BI source said as quoted by kontan.co.id on Sunday. The unnamed source said the regulation would facilitate domestic financial institutions to cooperate easily with foreign platforms like WeChat and Alipay that offer QR […]
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