Indonesia

Last Updated: July 25, 2022, 17:00 ISTImage used for representation. (Photo: IANS)Garuda recorded 650 weekly flights in June, and has targeted to record at least 850 weekly flights throughout AugustJust a month after being declared free from bankruptcy, Indonesian flag carrier Garuda Indonesia announced that it had added three Boeing 737-800 NG aircraft to its operation and would increase its flight frequency by 32 per cent in August. “This strategy aims to optimize the company’s performance. We need to continue boosting…

“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc, which is based in Singapore but focused on Indonesia. It allows small businesses to take out short-term credit to purchase fast-moving consumer goods (FMCG) inventory. Fairbanc announced today it has raised $4.8 million in pre-Series A funding led by Vertex Ventures. Other participants in the round included Indonesian conglomerate Lippo Group, Asian…

An industry group called Asia Internet Coalition (AIC) representing US-based Big Tech firms have urged India's Ministry of Electronics and Information Technology (MeitY) to make changes in the proposed amendments to the country's new IT Rules, 2021 which would "negate the government's commitment to ease of doing business".In a letter to the IT Ministry, the coalition that represents Apple, Meta, Google, Amazon, Twitter, and Spotify, among others, said that the proposed changes in the new IT Rules 2021 would affect…

Alphabet Inc's Google was among the last remaining tech platforms yet to comply with Indonesia's new licensing rules, hours from a deadline to sign up and avoid having its services blocked in the country. Registration is required under rules released in late 2020 that would give authorities broad powers to compel platforms to disclose data of certain users and take down content deemed unlawful or that "disturbs public order" within four hours if urgent, and 24 hours if not. With a young, tech-savvy population of 270…

Indonesia's PT Indika Energy is considering jointly investing $2 billion with Taiwan-based Foxconn on electric vehicle (EV) manufacturing, batteries, and energy storage, a top Indika executive said. Indika, like many energy companies, has been diversifying its businesses beyond coal amid a global push to end use of fossil fuels. A partnership was established between Foxconn, Indika and three other entities earlier this year in a memorandum of understanding to collectively invest $8 billion in EV and battery manufacturing…

Neither Alphabet Inc's Google nor Twitter Inc had signed up to Indonesia's new licensing rules as of midday, ministry records showed, as a deadline loomed that could see their services temporarily blocked in the country. The registration is required under rules released in late 2020 that give authorities broad powers to compel platforms to disclose data of certain users and take down content deemed unlawful or that "disturbs public order" within four hours if urgent, and 24 hours if not. The communications ministry has…

Meta Platforms and Google on Tuesday agreed to abide by Indonesia's new rules for Big Tech which gives authorities the power to block social media applications and online sites.Facebook, Instagram, and WhatsApp have signed up before the Wednesday deadline, according to government records.The Indonesian authorities had warned to block Big Tech platforms in several days if they fail to register with the country's Ministry of Communications and Informatics.The digital giants are given time until Wednesday to complete the…

Meta Platforms Inc's Facebook, Instagram and WhatsApp have signed up to Indonesia's new licensing rules for tech firms, government records showed, a day ahead of a deadline to comply or risk being blocked. The registration is required under rules released in late 2020 that would give authorities broad powers to compel platforms to disclose data of certain users and take down content deemed unlawful, or that "disturbs public order" within four hours if urgent, and 24 hours if not. Communication ministry records on foreign…

Indonesia urged tech companies to register under new licencing rules or run the risk of having their platforms blocked, with data showing many big tech firms such as Google and Meta had yet to comply days out from the July 20 deadline. The requirement to register is part of a set of rules, first released in November 2020, that will allow authorities to order platforms to take down content deemed unlawful, or that "disturbs public order" within four hours if considered urgent, and 24 hours if not.Communications Minister…

Luxury MPVs like the Toyota Vellfire are quite popular in Southeast Asia and to create a stronger portfolio in the same segment, the South Korean automaker Hyundai has now released a teaser for a new MPV. This new vehicle has been named the Stargazer and the company has shown a few glimpses of the exterior design of this forthcoming MPV. According to sources, the model could be making its international debut next month. From what we can observe, the upcoming Hyundai Stargazer will sport a sleek LED DRL strip that…