While maintaining their physical retail outlets, nearly all retailers in the country had joined the digital revolution in a bid to compete with established online marketplaces, Indonesian Retailers Association (Aprindo) chairman Roy Mandey said in Jakarta recently. “We cannot totally go digital, but we have to mix both offline and online sales,” Roy said, and that at least 35,000 […]
Read MoreState-owned gas distributor PT Perusahaan Gas Negara (PGN) will hold an extraordinary shareholders meeting on Thursday as an initial step toward the establishment of an oil and gas holding firm, together with state-owned energy firm Pertamina. One issue that will be discussed during the shareholder meeting is a handover of 57 percent of PGN shares […]
Read MoreTEMPO.CO, Jakarta – The Ministry of Industry, Ministry of Trade, Directorate General of Customs and Excise, also Indonesian Standardization Body have agreed on the exception provision of Indonesian national standard rules (SNI) about the imported toys. Director General of Small and Medium Industries (IKM) of the Ministry of Industry, Gati Wibawaningsih confirmed that the rule’s exclusion of […]
Read MoreBank Indonesia Governor Agus Martwardojo has said the central bank will punish payment service providers found using Bitcoin as their payment instrument. “Warnings will be issued first, then permits will be revoked,” Agus said as reported by kompas.com in Jakarta on Tuesday. He explained that under Law No 7/2011 on currency, the rupiah was the only official […]
Read MoreThe government has eyed a 3 percent inflation rate in 2020, in order to keep the rate low to help purchasing power, improve living standards and encourage sustainable development. “The inflation rate for 2020 is [targeted] at three, plus and minus 1 percent. Indonesian inflation has been declining every year,” Coordinating Economic Minister Darmin Nasution […]
Read MorePresident Joko “Jokowi” Widodo has stressed that the central government and the regional administrations will establish the Investment Acceleration Task Forces to ensure that investors do not face problems in dealing with local bureaucracies. The President said in Jakarta on Tuesday that the task forces would begin operation before the government establishes the online single submission […]
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