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News Update

News Update

HIPMI asks Tiktok Shop to be closely monitored if it opens again in Indonesia

15:23, 28 Nov 2023

The Indonesian Young Entrepreneurs Association (HIPMI) asked the government to closely monitor TikTok Shop when it resumes operations in Indonesia.   This statement was made by HIPMI Secretary General Anggawira in response to news about TikTok starting to look for local e-commerce pa
News Update

Attending the 8th HEIS at Untar, Minister Basuki Conveys Efforts to Overcome Climate Change

13:33, 28 Nov 2023

Tarumanegara University (Untar) hosted the 8th Hydraulics Engineering International Seminar (HEIS) held by the Indonesian Association for Hydraulics Engineers (HATHI) with the theme "Water Actions Toward Climate Resilience, Green Economy and Sustainable Development" at the Untar Auditorium
Bussiness | Economy

Paying Debts, ATIC Sells Eguine Global to IBM for USD 13 Million

12:01, 28 Nov 2023

PT Computrade Technology International, a subsidiary of PT Anabatic Technologies Tbk (IDX:ATIC) will sell 73 percent share ownership in Eguine Global to IBM Global Service Pte for USD 13.02 million.   This is stated in the agreement to sell 100 percent of Eguine Global's shares to IBM
News Update

Alibaba Cancels 12.12 Festival Amidst Dull Consumer Sentiment in China

14:24, 25 Nov 2023

Online shopping platforms Alibaba, Taobao, and Tmall announced on Friday, November 24, 2023, that they have canceled the upcoming shopping festival on December 12. Instead, they will host another shopping event called 'Year-End Great Prices' starting from December 9.   "In co
Bussiness | Economy

Online Shopping by Indonesian Citizens Reaches IDR 42 Trillion Monthly, Fashion Marketplace Triumphs

13:27, 25 Nov 2023

The value of online shopping transactions carried out by Indonesian citizens in October 2023 reached IDR 42.2 trillion, with fashion marketplaces being the most popular. Filianingsih Hendarta, Deputy Governor of Bank Indonesia (BI), stated that the transaction amount increased by 10.69 percent on a
Bussiness | Economy

Impact of Boycott - Starbucks and McDonald's Outlets Quiet as Sales Plummet by 70 Percent

10:01, 25 Nov 2023

Western brands operating in Egypt and Jordan are now feeling the repercussions of the boycott against products affiliated with Israel. The impact of the campaign has also spread to several other Arab countries, including Kuwait and Morocco.   The boycott is being carried out as a form of
News Update

Publisher Rights Regulations Finalized, Google and Others Obliged to Share Revenues

08:21, 25 Nov 2023

The government through the Ministry of Communication and Information Technology (Kemenkominfo) announced that the draft Government Regulation on Publisher Rights in Indonesia has reached its final stage.   "The document regarding Publisher Rights is finalized. Yesterday, we received
News Update

The Return of TikTok Shop as Evidence of Indonesia's Vast Digital Market

14:05, 24 Nov 2023

Minister of Cooperatives and SMEs Teten Masduki stated that the news about TikTok Shop reopening and merging with other e-commerce platforms is a corporate matter.   However, the information about TikTok Shop reopening serves as evidence that Indonesia indeed has a large digital market, m
Bussiness | Economy

Teten Reveals Non-Performing Loans of 421 MSMEs Surpassing IDR 22 T

10:11, 24 Nov 2023

Minister of Cooperatives and Small and Medium Enterprises (Menkop UKM) Teten Masduki noted that non-performing loans for micro, small, and medium enterprises (MSMEs) have reached IDR 22.9 trillion. The number of troubled MSMEs with problematic loans is 421 thousand.   "Based on the e
Technology Update

Temu, the TikTok Shop Replacement Drawing Attention

06:53, 24 Nov 2023

The government closed down the TikTok Shop operation, citing the integration of social media platforms with transactions similar to local markets. However, a similar platform from China, known as Temu, has emerged, and its presence has also caught the government's attention. The Minister of Coop
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