December 22, 2015 edition
More Weekly Business articles in other editions
December 15, 2015 edition
TRADING
E-Commerce Transactions Grow Five-fold
The government aims for a significant growth in e-commerce transactions in Indonesia next year. Fetnayeti, business development director at the trade ministry, expects online trade turnovers to skyrocket by 554.4 percent, from Rp34.9 trillion to Rp224.9 trillion. "This is why the Ministry of Trade and the Ministry of Communication and Information Technology actively support the development of online businesses," she said at the National Online Shopping Day presentation last week.
E-Commerce Transactions Grow Five-fold
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December 8, 2015 edition
December 1, 2015 edition
Rosan Roeslani Is New Kadin Chief
Rosan Perkasa Roeslani was announced as the new chairman of the Indonesian Chamber of Commerce (Kadin) for the 2015-2020 period at the national congress held at the Trans Luxury Hotel in Bandung, November 24. Garnering 102 votes, he beat Rachmat Gobel who won just 27 votes in a voting that ended just before midnight. Rosan succeeds Suryo Bambang Sulisto.
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October 27, 2015 edition
STATE-OWNED ENTERPRISES
Pertamina Profits Drop
Pertamina has announced US$914 million (approximately Rp12.5 billion) in profits in the third quarter of 2015. The figure is a 47 percent decline compared to last year. Pertamina's finance director Arif Budiman said the decline in the company's performance had mainly been triggered by the falling rupiah rate against the US dollar, as well as plummeting world oil prices. "We're not out of the woods yet because of the exchange rate fluctuation," he said last week.
Pertamina Profits Drop