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Indonesia Road Freight Transport Market to Grow Over 9% During 2020...

JAKARTA (TheInsiderStories) - The Indonesia road freight transport market is expected to grow above 9 percent during 2020 - 2025, said Reportlinker in the latest report....

Indonesian Govt will Maintain Digital Economy Sustainability

JAKARTA (TheInsiderStories) - The government will maintain the sustainability of the digital economy in Indonesia followed Tokopedia' hacking. Based on some reports, 91 million...

Bank Rakyat Indonesia Wants to Invests in Traveloka

JAKARTA (TheInsiderStories) - State-owned lender, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) aims to invest in one of unicorns, Traveloka, said the CEO on...

Indonesia Leads Southeast Asia Internet Economy in 2025

JAKARTA (TheInsiderStories) - Indonesia will lead the Southeast Asia internet economy in 2025 with a value of US$133 billion, according to a report released...

Telkom Indonesia Eyes Bhinneka.com, Other E-commerce Firms

Jakarta (TheInsiderStories) - State-owned telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) has planned to acquire e-commerce companies, including Bhinneka.com, said on official today...

AllSome Raises US$1.94M Seed Funding led by East Ventures

JAKARTA (TheInsiderStories) — AllSome Fulfillment, cross border e-commerce fulfillment for modern online sellers, has secured US$1.94 million of seed funding led by East Ventures,...

Indonesian Jualo Raises Funds US$30M from Singapore’ Carro

JAKARTA (TheInsiderStories) - Indonesian e-commerce site Jualo.com raised fresh funding US$30 million from Singapore-based automotive marketplace Carro as part of its Series B round. The latest funds...

Weekly Briefing: UK Must Leave EU on Deadline, Even with No...

JAKARTA (TheInsiderStories) — Good morning! Amid the Brexit extension, United Kingdom (UK) is stated must leave European Union (EU) at the end of October,...

Indonesia Officially Revokes Tax Treaty for E-commerce

JAKARTA (TheInsiderStories) - Indonesian government withdraw tax treaty rules for e-commerce through PMK Number 31/PMK.010/2019, said finance ministry on Tuesday (04/16). The new regulation is the...

Morning Briefing: British Parliament Rejects Brexit Proposal

JAKARTA (TheInsiderStories) – Good morning! Birtish’ House of Commons rejected the Brexit deal proposed by Prime Minister Theresa May, in a vote on Tuesday...

Weekly Briefing: US, South Korea End Military Drill in Korean Peninsula

JAKARTA (TheInsiderStories) -- Even though United States (US) President Donald Trump and North Korea leader Kim Jong Un failed to reach an outcome, Pentagon...

Insight: Indonesia’s Digital Business Needs Guaranteed

JAKARTA (TheInsiderStories) - Indonesia is one of the countries where the development of startups is rapidly increasing. Why are they flourish in Indonesia, the reason...

Indonesian Consumer Supports the Development of E-commerce

JAKARTA (TheInsiderStories) - Indonesian E-Commerce Association (idEA) reported on changes in the behavior of Indonesian consumers when conducting online transactions, as well as reading...

Indonesia’s BeliMobilGue Raised Series-A Funding of US$10M

JAKARTA (TheInsiderStories) – The Indonesian online car sales service site, BeliMobilGue.co.id, raised funding of US$10 million led by Frontier Car Group as the holding...

95% Indonesian Retailers Expands to Online Stores amid the Digital Era

JAKARTA (TheInsiderStories) - 95 percent of Indonesian retailers expand to online stores in order to boost their businesses in this digitalized era, said the association yesterday (01/29)....

Morning Briefing: Lion Air Handed Over CVR to NTSC

JAKARTA (TheInsiderStories) — Good Morning! Lion Air Group officially handed over the Cockpit Voice Recorder (CVR) relating to the JT-610 flight to the National Transportation...

Indonesian e-Commerce Association Complaints the New Tax Policy

JAKARTA (TheInsiderStories) – The new e-commerce tax policy released by Indonesia' Finance ministry (MoF) get a criticized from Indonesian e-Commerce Association (idEA). In their...

ASEAN Digital Economy Sales to Reach US$240B in 2025, Google-Temasek Report

JAKARTA (TheInsiderStories) — Digital economy sales can grow to US$240 billion in 2025, according to Google-Temasek report released today. The number is predicted to...

Toll Payment Supports Indonesia’s Electronic Money Transactions

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted the volume and value of electronic money transactions during January-September 2018 increased significantly compared to the same...

Wechat Pay, Alipay Enter Indonesian Market Through Local Bank

JAKARTA (TheInsiderStories) - Two major global digital payment platform players from China, Wechat Pay and Alipay  entered Indonesian market through state-owned lender PT Bank Negara...

Indonesian FinTech Firm’s Akulaku Raises US$70M Led by Chinese Finup

JAKARTA (TheInsiderStories) - Indonesian financial technology (FinTech) startup Akulaku has raised US$70 million Series C round led by Chinese's Finup, joined with Sequoia India, BlueSky Venture...

US’s Amazon Eyes Indonesian Market, Prepares Investment US$965M

JAKARTA (TheInsiderStories) - Amazon, an American electronic commerce and cloud computing company (NASDAQ: AMZN), aims to invest Rp14 trillion (US$965.52 million) in ten years period to...

Morning Briefing: Widodo Imposes Three-year Freeze on Palm Oil Plantation Licenses

JAKARTA (TheInsiderStories) - Good morning. The most important development from Thursday (20/09) was the revelation that President Joko Widodo has signed a Presidential Instruction that puts...

Alibaba’s Jack Ma met Indonesian President Joko Widodo

Bogor (TheInsiderStories) - President Joko Widodo received the visit of the founder and Executive Chairman of Chinese Alibaba Group Holding Limited (NYSE: BABA) Jack...

Indonesia’s Sociolla Bags US$12M Funding from EV Growth

JAKARTA (TheInsiderStories) - Indonesian beauty e-commerce and social platform Sociolla, has announced that it is closing a major funding of US$12 million, led by EV Growth....

Singapore’s Caroussel Raises US$85 M, Seeks Expansion in Indonesia

JAKARTA (TheInsiderStories) - Singapore-based e-commerce company Carousell has announced the closing of an US$85-million Series C funding round led by Rakuten Ventures and EDBI. Carousell...

KinerjaPay Acquires Data Center Provider’s Kinerja Indonesia

JAKARTA (TheInsiderStories) - KinerjaPay Corp., (OTCQB: KPAY), an Indonesian digital payment and e-commerce platform announced its plan to acquire data center & business services provider PT...

Alibaba Further Invests US$2B in Lazada, Strengthens Grip in SE Asia

JAKARTA (TheInsiderStories) - Chinese giant e-commerce Alibaba Group Holding Limited (NYSE: BABA) has announced that it will invest an additional US$2 billion in Lazada Group...

Policy Review: Import Duty on E-commerce Goods Raises Questions

JAKARTA (TheInsiderStories) - Indonesian government officials have revealed that all e-commerce transactions that are concluded in Indonesia will become subject to import tariffs in...

Two Keys to Survival for Indonesian E-commerce in 2018

JAKARTA (TheInsiderStories) – The Indonesian appetite to shop online continues to strengthen, as revealed by a number of research results, indicating that e-commerce has...