The Central Statistics Agency’s (BPS) balance and statistics analysis deputy head, Sri Soelistyowati, denied that poor sales at a number of retail outlets were caused by the emergence of online shops. Sri said the market share of e-commerce was still relatively low compared to the market share of offline retail. “Online shopping share for total household spending […]
Read MoreTEMPO.CO, Jakarta – According to Ministry of Trade’s Domestic trade General Tjahya Widayanti, the buying ability of Indonesian people has not weakened. She reasons that Indonesia’s household consumption for the use of domestic products actually increased by 26.13 percent. Other than that, the increased consumption can also be used as a chance to improve domestic trade in goods and […]
Read MoreTEMPO.CO, Jakarta – Industry Minister Airlangga Hartarto said six sectors are expected to boost the national industry in 2018. “They are basic metal industry, food and beverage, transportation, machinery and equipment, chemicals and pharmaceuticals, and electronics,” he said today at a seminar called Industry Outlook 2018 in Jakarta. Source: https://en.tempo.co/read/news/2017/12/11/056914009/Six-Sectors-Will-Boost-Industry-in-2018
Read MoreJAKARTA (BLOOMBERG) – Indonesia’s central bank will bar financial technology companies from using digital currencies on their platforms as a global frenzy around bitcoin continues to lure more investors. The curbs, effective from Jan 1, won’t apply to trading of digital currencies, Bank Indonesia Deputy Governor Sugeng told reporters in Jakarta on Thursday. The ban on […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) has launched a new regulation on financial technology (fintech). The regulation covers a requirement for fintech companies to register with the central bank and a ban on the use of digital currencies, among others. “We want to strike a balance; to continue fintech development while avoiding any disruption on the economy,” BI Deputy […]
Read MoreNational Online Shopping Day (Harbolnas), which will be held on Dec. 12, is eyeing Rp 4.95 trillion (US$365.9 million) in transactions, a 50 percent increase from last year’s sales of Rp 3.3 trillion, organizers have said. The number of participating e-commerce firms is also up by 20 percent to 254 participants, with participants including noted […]
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