Retail News Indonesia https://www.retailnews.id Latest Retail News from Indonesia Fri, 11 May 2018 11:35:00 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.7 National Payment Gateway could burden banks, consumers https://www.retailnews.id/national-payment-gateway-could-burden-banks-consumers/ https://www.retailnews.id/national-payment-gateway-could-burden-banks-consumers/#respond Fri, 11 May 2018 03:45:00 +0000 https://www.retailnews.id/?p=55387 The National Payment Gateway (GPN) may burden both consumers and banks as Bank Indonesia (BI) requires all bank customers to have at least one GPN card,  the University of Indonesia’s Institute for Economic and Social Research (LPEM UI) has said. LPEM UI researcher Chaikal Nuryakin said on Wednesday that based on BI’s target, following the issuance of Article 43 …

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The National Payment Gateway (GPN) may burden both consumers and banks as Bank Indonesia (BI) requires all bank customers to have at least one GPN card,  the University of Indonesia’s Institute for Economic and Social Research (LPEM UI) has said.

LPEM UI researcher Chaikal Nuryakin said on Wednesday that based on BI’s target, following the issuance of Article 43 of BI Regulation No. 19/10/PADG/2017, 100 million GPN cards needed to be issued.

“The problem is that the GPN cards cannot be used for transactions abroad. Some customers will have it but they leave it dormant while the administration cost will be incurred,” he said during a press conference in Jakarta.

LPEM UI’s study found that at least 22.5 million cards out of 100 million would be dormant and that it would cost banks Rp 585 billion (US$41.54 million) to issue the 22.5 million cards.

“It would be better if BI loosened the regulation so that GPN cards were optional. So it is up to customers whether or not they want to have it,” Chaikal said.

This was because GPN cards could only be used for domestic transactions and could not be embedded with foreign switching companies such as Visa and Mastercard, he added.

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Bank Negara seen to keep interest rate on hold after surprise poll result https://www.retailnews.id/bank-negara-seen-to-keep-interest-rate-on-hold-after-surprise-poll-result/ https://www.retailnews.id/bank-negara-seen-to-keep-interest-rate-on-hold-after-surprise-poll-result/#respond Thu, 10 May 2018 04:18:45 +0000 https://www.retailnews.id/?p=55313 Malaysia’s central bank is set to keep interest rates unchanged on Thursday, providing policy stability after the shock election victory of Tun Dr Mahathir Mohamad. All 18 economists surveyed by Bloomberg before Wednesday’s poll had forecast Bank Negara Malaysia will hold its benchmark rate at 3.25 percent. Economists at Nomura Holdings Inc. and Maybank Kim …

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Malaysia’s central bank is set to keep interest rates unchanged on Thursday, providing policy stability after the shock election victory of Tun Dr Mahathir Mohamad. All 18 economists surveyed by Bloomberg before Wednesday’s poll had forecast Bank Negara Malaysia will hold its benchmark rate at 3.25 percent. Economists at Nomura Holdings Inc. and Maybank Kim Eng Research Ltd. retained their calls after the vote outcome.

The central bank said on its website it will release its policy statement as scheduled at 3pm.

“Given this shock result, they’re going to be looking at how this will impact growth and I think there is a lot of downside,” said Euben Paracuelles, an economist at Nomura Holdings Inc. in Singapore.

“Any follow up rate hike is going to be very unlikely.”

The central bank moved early with a rate hike in January and can afford to hold off on further tightening in the face of a global sell-off in emerging markets in recent weeks.

Inflation eased to 1.3 percent in March, the slowest pace since July 2016, with a stronger currency since last year helping to ease price pressures.

The government had forecast inflation will average 2.5 percent to 3.5 percent this year.

Rising oil prices and a slide in the currency in recent weeks are clouding the outlook. Added to that is a booming economy, which the central bank has forecast could grow as much as 6 percent this year.

While Bank Negara probably won’t make direct reference to the election in its statement, the result has a bearing on the economy’s outlook.

Investors are seeking policy continuity, with a focus on sustaining strong economic growth, curbing the budget deficit and managing market risks.

Mahathir has pledged to scrap a contentious goods-and-services tax within 100 days in power. Financial markets are closed Thursday and Friday after the government declared public holidays.

Market Risks

Malaysia is one of the least affected of emerging markets globally from financial volatility amid a stronger dollar and a pick-up in U.S. interest rates.

The benchmark stock index climbed to a record in April, helped by foreign inflows, and while the ringgit has taken a knock in recent weeks, it’s still up more than 2 percent against the dollar this year.

Neighbors like the Philippines and Indonesia have suffered stock outflows and currency slumps that are among the worst in Asia.

The Philippines is set to raise interest rates later on Thursday, which would the first hike since 2014, while Indonesia’s central bank has also said it’s prepared to move to help restore confidence in the currency.

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Garuda Indonesia Denies Offering Two Free Tickets https://www.retailnews.id/garuda-indonesia-denies-offering-two-free-tickets/ https://www.retailnews.id/garuda-indonesia-denies-offering-two-free-tickets/#respond Thu, 10 May 2018 04:18:45 +0000 https://www.retailnews.id/?p=55319 Many website links recently suggested that Garuda Indonesia offering two free tickets in the celebration of its 69th anniversary. However, the state-owned airline management denied the news. “Garuda Indonesia ensures that such promotion info was invalid and is not officially from Garuda Indonesia,” said the company’s secretary Hengki Heriandono in a written statement dated Wednesday, May 9. …

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Many website links recently suggested that Garuda Indonesia offering two free tickets in the celebration of its 69th anniversary. However, the state-owned airline management denied the news.

“Garuda Indonesia ensures that such promotion info was invalid and is not officially from Garuda Indonesia,” said the company’s secretary Hengki Heriandono in a written statement dated Wednesday, May 9.

Hengki asserted that Garuda Indonesia has never released such information related to promotion of ticket discounts or free tickets. He reminded all ticket promotion and marketing program were cited in Garuda Indonesia official application and social media.

Earlier, a website http://www.garuda-indonesa.com/tikets and http://www.xn--garuda-indonesa-llc.com broadcasted in short message stating Garuda Indonesia offers two free tickets to commemorate its anniversary.

In the website, visitors are required to fill a survey. Instead of getting the two free tickets, visitors are asked to share the link via WhatsApp.

Hengki calls on the public not to trust false news or hoax and confirm all promotion info through Garuda Indonesia official platform or contact the 24-hour Garuda Call Center.

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KLM Royal Dutch Airlines moves to Terminal 3 in Jakarta https://www.retailnews.id/klm-royal-dutch-airlines-moves-to-terminal-3-in-jakarta/ https://www.retailnews.id/klm-royal-dutch-airlines-moves-to-terminal-3-in-jakarta/#respond Thu, 10 May 2018 02:48:45 +0000 https://www.retailnews.id/?p=55333 KLM’s Country Manager for Indonesia, Wouter Alders said that the move to terminal 3 will enhance the experience for KLM customers travelling on its daily flight from Jakarta to Amsterdam and Kuala Lumpur.  He said, “KLM has been looking forward to relocate to terminal 3 to respond to customer demands for a more efficient and personal travel experience. We are confident this vast …

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KLM’s Country Manager for Indonesia, Wouter Alders said that the move to terminal 3 will enhance the experience for KLM customers travelling on its daily flight from Jakarta to Amsterdam and Kuala Lumpur.  He said, “KLM has been looking forward to relocate to terminal 3 to respond to customer demands for a more efficient and personal travel experience. We are confident this vast new terminal will offer a better experience and additionally provide KLM passengers with easier flight connections within Indonesia.”  

KLM passengers travelling from 15th May can check in at Terminal 3 at counter C1-7 and enjoy the new facilities with a more convenient check in, auto-gate immigration and security clearance with body-scanners. Additionally the terminal offers free WiFi, digital banners and e-kiosks way finding system. Business class passengers and Flying Blue members will enjoy the brand new Garuda Executive Lounge located in Terminal 3.

About KLM Royal Dutch Airlines in Indonesia

KLM’s first flights between Amsterdam and Indonesia started on 1 October, 1924 when KLM initiated its first intercontinental flight from Amsterdam to Jakarta. In September 1929 KLM started regular, scheduled services between Amsterdam and Indonesia. Until the outbreak of the Second World War, this was the world’s longest distance scheduled service.

KLM offers daily direct flights between Jakarta and Amsterdam Schiphol Airport with a stop in Kuala Lumpur and daily flights between Denpasar and Amsterdam-Schiphol Airport with a stop in Singapore.

KLM Jakarta — Amsterdam
(Summer schedule — 25 March, 2018 – 28 October, 2018)

  • KL810 departs Jakarta at 18:45 and arrives in Amsterdam at 06:00 the next day
  • KL809 departs Amsterdam at 20:50 and arrives in Jakarta at 17:25 the next day.

KLM Jakarta — Kuala Lumpur
(Summer schedule — 25 March, 2018  – 28 October, 2018)

  • KL810 departs Jakarta at 18:45 and arrives in Kuala Lumpur at 21:55 the next day
  • KL809 departs Kuala Lumpur at 16:20 and arrives in Jakarta at 17:25 the next day.

KLM Denpasar — Amsterdam
(Summer schedule — 25 March, 2018 – 28 October, 2018)

  • KL836 departs Denpasar at 20:40 and arrives in Amsterdam at 07:35 the next day
  • KL835 departs Amsterdam at 20:55 and arrives in Denpasar at 19:25 the next day.

KLM Denpasar — Singapore
(Summer schedule — 25 March, 2018 – 28 October, 2018)

  • KL836 departs Denpasar at 20:40 and arrives in Singapore at 23:15 the next day
  • KL835 departs Singapore at 16:50 and arrives in Denpasar at 19:25 the next day.

The daily flights are operated by Boeing B777-300ER aircraft with 34 seats in Business Class and 374 seats in Economy Class.

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Sigma Systems Supports Telkomsel in Building a Digital Indonesia https://www.retailnews.id/sigma-systems-supports-telkomsel-in-building-a-digital-indonesia/ https://www.retailnews.id/sigma-systems-supports-telkomsel-in-building-a-digital-indonesia/#respond Thu, 10 May 2018 00:56:15 +0000 https://www.retailnews.id/?p=55305 With more than 190 million customers, Telkomsel is currently the largest mobile operator in Indonesia. Telkomsel has consistently implemented the latest mobile technology and was the first to commercially launch 4G LTE mobile services in the country. Entering the digital era, Telkomsel continues to expand its digital business to incorporate advertising, lifestyle, mobile financial services, …

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With more than 190 million customers, Telkomsel is currently the largest mobile operator in Indonesia. Telkomsel has consistently implemented the latest mobile technology and was the first to commercially launch 4G LTE mobile services in the country. Entering the digital era, Telkomsel continues to expand its digital business to incorporate advertising, lifestyle, mobile financial services, and Internet of Things.

In support of their digital mandate, Telkomsel has selected Sigma Systems as a partner, establishing Sigma Catalog as the central enterprise catalog to underpin their evolving business.

“We are pleased to partner with Sigma to deploy a B/OSS platform that enables the rapid creation of personalized, micro-segmented offers to our customers. Sigma’s agile delivery methodology and product-centric approach ultimately supports Telkomsel’s mission of building a Digital Indonesia,” said Montgomery Hong, CIO at Telkomsel.

Sigma Systems CEO, Tim Spencer, commented: “Telkomsel is at the forefront of digital transformation in the region, and recognizes the critical role a catalog-driven solution plays in accelerating the creation, selling and delivery of innovative and deeply personalized market offerings. Sigma is honored to work with Indonesia’s leading mobile operator as they transition into a truly digital business.”

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Rice exports up 27pc to $1.57bln in Jul-Apr https://www.retailnews.id/rice-exports-up-27pc-to-1-57bln-in-jul-apr/ https://www.retailnews.id/rice-exports-up-27pc-to-1-57bln-in-jul-apr/#respond Thu, 10 May 2018 00:33:45 +0000 https://www.retailnews.id/?p=55327 Rice exports rose 27 percent to $1.57 billion during the first 10 months of the current fiscal year as exporters pushed fresh cargoes to Indonesia, Kenya and other markets during the period, an industry official said on Wednesday. Rice exports amounted to $1.23 billion during the corresponding period last year. Rafique Suleman, senior vice chairman …

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Rice exports rose 27 percent to $1.57 billion during the first 10 months of the current fiscal year as exporters pushed fresh cargoes to Indonesia, Kenya and other markets during the period, an industry official said on Wednesday.

Rice exports amounted to $1.23 billion during the corresponding period last year.

Rafique Suleman, senior vice chairman of Rice Exporters Association of Pakistan (Reap) said exports increased 15 percent to 3.22 million tons during the 10 months of the current fiscal year of 2017/18.

Suleman said exports of non-basmati rice to Indonesia increased during the period.

Local traders exported 50,000 tons of non-basmati rice to Indonesia during the July-April period. Kenya remained the largest buyer of Pakistani non-basmati rice, buying 323,000 tons of rice amounting to $118 million.

China was also one of the largest importers of Pakistani non-basmati rice. “By the end of April, we exported 274,000 tons of rice valuing $100 million (to China),” Suleman said.

He said demand for rice in the international market is increasing. The crop was good in terms of both quality and quantity this year, he added.

Reap senior vice chairman said the country has come out of the crisis of low exports, which was observed during the last three years.

“Value of rice export trade has been showing improvement due to the coordination of Reap office bearers with the Trade Development Authority of Pakistan and customs,” he said. “Reap members are putting in untiring efforts, and aggressive marketing to increase rice exports and to earn valuable foreign exchange.”

The industry official said rice exporters are making investments to install modern rice processing machinery and using value-addition technology.

Suleman said the association is sending trade delegations to various countries for rice marketing. “Last month a delegation came back after a successful visit to Iran, which is very lucrative and a potential market for basmati rice.”

Around 100,000 tons of rice has so far been exported to the neighbouring country during the current season.

Suleman said Government Trading Corporation of Iran has issued tenders for 20,000 tons of basmati, in which many Pakistani rice exporting companies would participate. He hoped that a handsome amount of foreign exchange would be fetched by Pakistani rice exporters.

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Garuda Indonesia Holds Empty Flight Promo https://www.retailnews.id/garuda-indonesia-holds-empty-flight-promo/ https://www.retailnews.id/garuda-indonesia-holds-empty-flight-promo/#respond Wed, 09 May 2018 16:18:45 +0000 https://www.retailnews.id/?p=55297 Indonesia Airline Garuda holds promo for “empty legs flight” or non-passenger flights during the month of 2018 Ramadan. “‘Empty legs flight’ is a term for when, as an example, a flight from Solo to Jakarta is packed with passenger but there is no demand for the opposite direction, so it is empty. The promo price …

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Indonesia Airline Garuda holds promo for “empty legs flight” or non-passenger flights during the month of 2018 Ramadan.

“‘Empty legs flight’ is a term for when, as an example, a flight from Solo to Jakarta is packed with passenger but there is no demand for the opposite direction, so it is empty. The promo price for Solo-Jakarta route will be applied on the travel period May 18 to June 19, 2018 and June 27, 2018,” said General Manager of Garuda Indonesia of Surakarta Branch Office, Hendrawan in Solo, Wednesday (5/9/2018).

As for the Jakarta-Solo route, the ticket promo is valid for May 17 to June 7, 2018 and June 27, 2018.

“Especially for June 27, this coincides with the simultaneous elections in Indonesia,” he said.

He said for prices applied during the promo period starts from IDR440.000 per passenger.

“Normal price for these routes would be above IDR1 million per passenger,” he said.

He hopes the promo can boost travel demand during the “low season”.

“Usually there is a decrease in the number of passengers in the first two weeks of Ramadhan, a decrease of about 15 percent either for Solo-Jakarta route or vice versa,” he said, as quoted from Antara.

He said on a normal day, of a capacity of 162 seats, the average load rate is about 72 percent or equivalent to 583 passengers for five flights of Solo-Jakarta route per day.

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Former eHarmony marketing chief joins telco startup https://www.retailnews.id/former-eharmony-marketing-chief-joins-telco-startup/ https://www.retailnews.id/former-eharmony-marketing-chief-joins-telco-startup/#respond Wed, 09 May 2018 06:33:45 +0000 https://www.retailnews.id/?p=55303 eHarmony’s former managing director, Nicole McInnes, has taken up the inaugural marketing leader’s chair at media telco startup, OVO. OVO provides a range of mobile phone plans to Australian consumers matched with data-free allowances across its own digital content platform, OVOplay. The group launched in 2016 and is positioning itself as a new type of …

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eHarmony’s former managing director, Nicole McInnes, has taken up the inaugural marketing leader’s chair at media telco startup, OVO.

OVO provides a range of mobile phone plans to Australian consumers matched with data-free allowances across its own digital content platform, OVOplay. The group launched in 2016 and is positioning itself as a new type of hybrid telco/media offering, tapping into the Optus 4G network to deliver services and content.

McInnes is the company’s first c-level appointment and first marketing chief. Most recently, she spent seven months as marketing director of WooliesX. Prior to this, McInnes was the local marketing director for eHarmony for 18 months. Her resume also includes marketing executive roles with Pandora and Adshel.

“The day of the telco becoming the broadcaster has been a long time coming. OVO knows it, and is ahead of both industries in making it happen,” McInnes said in a statement announcing her appointment.

“As a digital marketer who has been fortunate enough to get paid to indulge my deep interest in content and human connection that media represents, OVO is an exciting opportunity. This is a company that for all its success to date, is still in its early stages, with so much more creativity and creation to be undertaken to help it really take off.”

McInnes said she joins OVO as it prepares to debut its patented machine-learning video platform. Her priority list also includes ramping up both the brand’s mobile business and exclusive digital sports and entertainment content partnerships.

To date, OVO said it’s amassed more than 20,000 hours of unique content across sport and entertainment including e-sports, gymnastics, motorsport, sailing and Triple M and HIT radio currently available on OVOPlay. The intention is to build out this library of content as it rolls out its AI-driven video delivery platform over the coming months. The company also claims 60,000 mobile subscribers.

OVO CEO, Matt Jones, said he’d known McInnes for years and was keen to get her on-board.

“It was her experience inspiring consumers on behalf of digital native companies that were pioneering machine learning algorithms, that convinced me she was right for OVO,” he said.

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BRI Syariah Floats 2.6bn Shares for Rp510/unit https://www.retailnews.id/bri-syariah-floats-2-6bn-shares-for-rp510-unit/ https://www.retailnews.id/bri-syariah-floats-2-6bn-shares-for-rp510-unit/#respond Wed, 09 May 2018 06:11:15 +0000 https://www.retailnews.id/?p=55253 Bank BRI Syariah has been listed as an issuer at the Indonesia Stock Exchange today, May 9. With the code BRIS, BRI released more than 2.6 billion new shares or 27 percent of its paid up capital. BRIS IPO price was set at Rp510 per share. The SOE Ministry’s deputy for restructuring and business development …

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Bank BRI Syariah has been listed as an issuer at the Indonesia Stock Exchange today, May 9. With the code BRIS, BRI released more than 2.6 billion new shares or 27 percent of its paid up capital.

BRIS IPO price was set at Rp510 per share. The SOE Ministry’s deputy for restructuring and business development said BRI Syariah is the first sharia issuer to be listed at the IDX.

“With the price, BRI Syariah managed to be oversubscribed twice,” president director Moch. Hadi Santoso said here on Wednesday.

BRI Syariah is the subsidiary of Bank Rakyat Indonesia established in November 2008. As of March 2018, BRI Syariah’s assets amounted to Rp94.7 trillion.

Hadi said the IPO proceeds will strengthen the company’s capex and help BRI Syariah included in the BUKU III banks category.

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JakEVO app to simplify Jakarta business permit issuance https://www.retailnews.id/jakevo-app-to-simplify-jakarta-business-permit-issuance/ https://www.retailnews.id/jakevo-app-to-simplify-jakarta-business-permit-issuance/#respond Tue, 08 May 2018 08:48:45 +0000 https://www.retailnews.id/?p=55195 The Jakarta administration launched at City Hall on Monday a new smartphone app named JakEVO to simplify the procedures for obtaining business permits (SIUP) and registration certificates (TDP). Jakarta One-Stop Integrated Service Agency (PTSP) head Edy Junaedi said with the app, both of the permits can be obtained in less than an hour, without requiring applicants …

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The Jakarta administration launched at City Hall on Monday a new smartphone app named JakEVO to simplify the procedures for obtaining business permits (SIUP) and registration certificates (TDP).

Jakarta One-Stop Integrated Service Agency (PTSP) head Edy Junaedi said with the app, both of the permits can be obtained in less than an hour, without requiring applicants to visit the PTSP office or service points to get their SIUP and TDP.

“The applicants only need to upload required documents, tag their location and approve of the terms and conditions within the app. In around 30 minutes, they will receive the permits in an email,” Edy said.

JakEVo can be downloaded for free from the Google Play Store and the App Store.

The city administration expressed hope that the initiative could help the country achieve a rank of 40 on the Ease of Doing Business index compiled by the World Bank. The country is currently ranked at 72, a jump of 19 places from its previous rank of 91.

In the World Bank publication “Doing Business 2017: Equal Opportunity for All”, Indonesia jumped 15 places to 91 from 106.

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