President Joko “Jokowi” Widodo has pledged to prepare five sectors to be developed for the fourth industrial revolution. Also referred to as Industry 4.0, the fourth industrial revolution refers to the enhanced connectivity and digitization of the manufacturing sector. “The five industries are food and beverage, textiles, automotive, electronics and chemicals,” Jokowi said during the […]
Read MoreIndonesia is now developing a second generation of Bonded Logistic Centers (PLB Second Generation), as PLB First Generation was considered a success in reducing logistic costs. “The goods that in the past were stored in Singapore now can be stored here at a lower cost. A businessman could cut the cost up to Rp 7.18 […]
Read MoreConsumer confidence rebounded 3.6 percent to 100.8 points in March from 97.3 in the previous month, according to a survey conducted by Danareksa Research Institute (DRI). DRI says the survey reveals that consumers had given more positive assessments on current economic conditions and the job market, while their concern about high foodstuff prices had fallen […]
Read MoreJakarta: An Indonesian cabinet member has threatened to shut down Facebook if there is any evidence the personal data of citizens is being harvested or the social media giant fails to crack down on “fake news” during upcoming elections. Amid continuing fallout over revelations the data of 50 million Facebook users was obtained by a firm […]
Read MoreTEMPO.CO, Jakarta – Bank of Indonesia (BI) has granted the registration of payment system for 15 technology-based financial services providers (Fintech). However, BI is still waiting for the entity to enter the regulatory sandbox for later approval. Executive Director of Payment System Department of BI, Onny Widjanarko, stated here on Monday that out of the 15 fintechs, […]
Read MoreTransportation Minister Budi Karya Sumadi has said ride-hailing service providers are required to register as transportation companies within the next two months, so the ministry will have authority over their services. Ride-hailing companies are currently under the supervision of the Communications and Information Ministry. “So far, we have had difficulty in overseeing the companies because they are not registered […]
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