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Indonesia: Why Men Purchase More Than Women in Online Shopping

TEMPO.CO, Jakarta – Around 35 percent of Indonesian men have been actively shopping online, they do the transactions twice as much as women. Country Brand Manager of Shopee, Rezki Yanuar said that one of the reasons is the price of goods that are purchased by men are relatively expensive. “The average transaction for men is twice than women’s. Men […]

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Indonesia: SMF targets retail investors with new participation certificates

State-owned secondary mortgage financing firm PT Sarana Multigriya Finansial (SMF) on Thursday launched a series of participation certificates for asset-backed securities, the EBA-SP BTN 01, in a move that aims to increase its issuance of asset-backed securities (EBA) for retail investors. SMF is collaborating with BNI Sekuritas to utilize the latter’s customer base and extensive marketing network in order to attract […]

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Indonesia: Freeport permit extended another month

The Energy and Mineral Resources Ministry has extended PT Freeport Indonesia’s (PTFI) temporary special mining permit (IUPK) for another month after it expired on Tuesday.  “Yes, the Freeport IUPK has been extended until Aug. 31,” Energy and Mineral Resources Ministry mineral and coal director general Bambang Gatot Ariyono said on Wednesday as reported by kontan.co.id. With […]

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Indonesia ships 5,600 tons of shallots to Thailand

Indonesia on Wednesday sent 5,600 tons of shallots to Thailand, the first shipment in a total of 9,000 tons of shallots to be exported to the country this year. “In the past, we imported shallots from Thailand, but now we export the commodity to the country,” said Agriculture Minister Andi Amran Sulaiman when releasing the […]

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Bank Indonesia replaces overnight JIBOR with IndONIA

Bank Indonesia has replaced the overnight Jakarta Interbank Offered Rate (JIBOR) with the new, market-based Indonesia Overnight Index Average (IndONIA), it announced on Wednesday during a press conference in Jakarta.. BI financial market development director Yoga Affandi explained that the JIBOR was based on the average loan rate quotations that 24 contributing banks sent in the morning and […]

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