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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...

ASEAN Members Committed to Synchronize Rules on E-Commerce

JAKARTA (TheInsiderStories)—The Association of Southeast Asian Nations (ASEAN) members expressed commitment to synchronize regulations on e-commerce on each jurisdictions as part of an effort to strengthen...

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...

Policy Review: Uncertain Parameters on Indonesia E-commerce Roadmap

JAKARTA (TheInsiderStories) – Indonesian President Joko Widodo has finally certified the long-awaited ‘e-commerce roadmap’ first drafted in 2016. The main objective of this guidance...

Salim Group-Lotte Commits US$100 Million to iLotte

JAKARTA (TheInsiderStories) - Indonesia's Salim Group conglomerate has established a joint venture with Lotte Group, South Korea’s fifth-largest conglomerate, looking to expand its retail business...

When Payment Innovation Grows Faster than Regulations

JAKARTA (TheInsiderStories) - Indonesia, home of more than 250 million humans, matures with strong consumer power. Dominated by a millennial generation, Indonesia is now entering the...