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Communication / ICT in Indonesia

  • E-commerce expansion primed for Indonesian market

    INDONESIA, 2016/02/14 As smartphones become additional commonplace in Indonesia, apps are enjoying a surge in popularity, suggesting that e-commerce – for both goods and services – is filling market voids and strengthening its economic foothold. Online trading and transport apps in particular are generating interest, offering a solid foundation for other start-ups, and attracting international players and financiers to the country.

  • Govt to remove e-commerce firms from negative list

    INDONESIA, 2015/11/15 The government will revise its negative investment inventory, particularly by allowing foreign-established e-commerce companies to do business in the country, in a bid to draw funding for local e-commerce players. The revision plan emerged following a conference between Communications and Data Minister Rudiantara, Trade Minister Thomas Lembong and Investment Coordinating Board (BKPM) chairman Franky Sibarani. They agreed to propose the removal of established e-commerce companies from the country’s negative investment inventory. Rudiantara said on Friday he had talked with Thomas and Franky about how to make funding additional accessible for local Internet-based companies.

  • MNC Sky Aims To Cut Interest Costs With Bond Buyback

    INDONESIA, 2013/03/24 MNC Sky Vision, a leading pay-TV provider in Indonesia, plans to buy back $165 million worth of bonds from the market in a move to cut interest costs, the company’s chief financial officer says. In November 2010, MNC, through its subsidiary Aerospace Satellite Corporation Holding, issued $165 million in bonds, set to mature on Nov. 16, 2015.
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