Startups can still play along e-commerce giants in Southeast Asia's gold rush

WHEN Indonesian President Joko Widodo rose to address his Asean counterparts over the weekend in Singapore, he rolled out some eye watering numbers including a forecast that some US$90 billion worth of goods and services will be bought on the Internet by 2025 - a nine-fold increase from the amount...

Startups can still play along e-commerce giants in SEA gold rush

WHEN Indonesian President Joko Widodo rose to address his Asean counterparts over the weekend in Singapore, he rolled out some eye watering numbers including a forecast that some US$90 billion worth of goods and services will be bought on the Internet by 2025 - a nine-fold increase from the amount...

Indonesian bank to offer public shares in its Islamic finance arm

ONE of Indonesia's largest banks said it would sell shares to the public this month in its Islamic finance division - in part because it would help the lender cope with fast accumulating piles of money from customers eager to save for pilgrimages...
INDONESIA WATCH

Presidential race shaping up to be a rematch between Jokowi and Prabowo

THE next presidential election in Indonesia may still be more than a year away but the race is already fast shaping up to be a rematch between incumbent Joko Widodo and his previous challenger, former special forces general Prabowo Subianto.

Indonesia's new cybersecurity head has rough start as polls loom

IT'S been a fairly rough start for Indonesia's new cybersecurity chief, Djoko Setiadi...

Jakarta expects tourist influx for Asian Games

WITH a tsunami of visitors expected to land in Jakarta this August for the next edition of the Asian Games, the city's tourism chief Hari Wibowo said that despite the Indonesian capital's lurch to the right, which has shuddered clubs, plenty remains of the city's notorious nightlife...

Indonesia's online merchants fight to attract shoppers

INDONESIA'S S$14.5 billion e-commerce space may be ground zero for a discounting race to woo the country's legions of increasingly penny-pinching shoppers - but at least one player has said that it will not play along...
BT OUTLOOK 2018

Cautious politics in Indonesia as government tackles challenges

INDONESIAN President Joko Widodo may have two years left in his term, but as 2017 draws to a close, so too, in effect, does his first term in office.

Indonesia's nightlife fizzles amid growing conservatism

AS revellers filed into the Empirica nightclub on a recent Friday night in Jakarta's business district, just a stone's throw from the stock exchange, manager Joe Chen was counting on a good night...

Equities rally piles on wealth for Indonesia's richest

INDONESIA'S rich are getting wealthier thanks to a surge in share prices that bumped up the value of their assets...

Jakarta seeking private money to help fund expansion

THE newly installed government of Jakarta Governor Anies Baswedan is considering a dramatic increase in the use of private money to help fund expansion at the city's state-owned companies as well as infrastructure...
MOUNT AGUNG ERUPTION

Ash cloud underscores Indonesia's reliance on Bali for tourist dollars

UNTIL Bali's Mount Agung rumbled back to life in September, Indonesia's main resort island was on course to post another stellar year. Monthly visitor numbers were surging by a quarter or more, and reservations for the Christmas travel season were eye-watering. ...

New Indonesian halal law seen disrupting business, hurting SMEs

ABOUT 20km from the centre of Jakarta, on the last stop of one of the main bus routes into town, sits a modest three-story building. A circular driveway arcs around a disused fishpond resembling the approach to a tired local government building.

With polls looming, Jakarta is expected to go into holding pattern with reforms

REFORMS enacted by Indonesia's president, Joko Widodo, may have won praise from investors and analysts, but as the world's third largest democracy lurches toward regional and presidential elections, that pace of change will slow to a crawl...

Indonesia govt's impasse over Freeport could spook foreign investors

AS Indonesia's government ramps up pressure on Freeport McMoRan to relinquish control of its Grasberg copper-gold operation in the eastern province of Papua, the impasse risks sending a damaging message to investors that doing business in Indonesia is not for the faint of heart...

Promises may backfire on new Jakarta governor

AT local elections in April this year, Anies Baswedan, Jakarta's incoming governor, won by a landslide partly due to promises that he would shield the poor from harsh evictions, while doling out easy housing loans...

Garuda Indonesia unit GMF AeroAsia in advanced talks on stake sale

GMF AeroAsia, the state-owned maintenance arm of Garuda Indonesia, is in advanced talks with at least two strategic investors, after a disappointing initial public offering last month aimed at raising capital to help take on rivals such as SIA Engineering for a slice of the US$13.3 billion aircraft...

Indonesia's school system ranked among lowest globally

HEADING into the final year of his undergraduate degree in computer science Diky Arga, 21, could sense that his studies weren't preparing him for the sorts of jobs he wanted after graduation...

Unbanked Indonesian SMEs turn to online lending for fast financing

MID-2016, Yonathan Juandro was faced with a quandary: how to raise US$20,000 to expand his small catering business fast.

Jakarta steps in as traditional markets struggle to survive

IN the gloom and stale air enveloping the butcher stalls at the Palmerah market in Central Jakarta, Adi Elemin waits for the evening rush of customers. Five cows' legs, sawed off at the knee, their hooves still attached are stacked like firewood to his left. In front of him are the tools of...