GENEVA – Five independent experts linked to the U.N. human rights office are calling for quick and impartial investigations of mistreatment by Indonesian security forces of indigenous Papuans, including alleged killings, unlawful arrests and use of snakes to terrorize. They cited a recent video circulated online showing officers laughing as a handcuffed Papuan boy whom they were interrogating screamed in fear with a snake wrapped around his body. A rights office statement Thursday said the incident was similar to tactics used in other similar cases and was "symptomatic of the deeply entrenched discrimination and racism that indigenous Papuans face." The experts expressed concerns about a "culture
Malaysia fought back superbly twice against Indonesia to earn a 2-2 draw and a point that kept them alive in the AFF U-22 Championship 2019. Now, the Malaysia coach Ong Kim Swee has his sights set firmly on their final group game against Myanmar that has a simple equation – win. “We needed at least a point [against Indonesia] and the boys showed a lot of character today. They fell behind twice and they drew level. Now we need the full points against Myanmar,” he said. Should Malaysia beat Myanmar and Indonesia fail to win against group leaders Cambodia, it would be Malaysia that lays claim to the fourth and final semifinal spot after Thailand and Vietnam from Group A were joined by Cambodia yesterday.
JAKARTA (Reuters) - Indonesia's central bank kept its benchmark interest rate unchanged on Thursday, as expected, reiterating that its main objective remained preserving financial stability and reducing the current account deficit.
After Asia’s benchmark gauge climbed as much as 0.5 percent and U.S. equity-index futures extended their advance on reports the U.S. and China are working on multiple memorandums of understanding that would form the basis of a final trade deal, things were back to square one by 3:07 p.m. in Hong Kong. The Shanghai Composite Index, which rallied as much as 1.2 percent, returned to red territory as coal tensions intensified between China and Australia. This comes after the Federal Reserve’s minutes overnight, which were a bit of a head scratcher and did little for stock markets across Asia.
A sleepy start to Thursday's market moves quickly changed as headlines hit on renewed optimism for progress on U.S.-China trade talks. U.S. equity futures extended their gains, hitting session highs and stocks came off their intraday lows after reports the U.S. and China are working on multiple memorandums of understanding that would form the basis of a final trade deal. Chinese stocks extended gains with the Hang Seng China Enterprises Index set for its highest in eight months. This comes after the Federal Reserve's minutes overnight, which were a bit of a head scratcher and did little for stock markets across Asia. And while regional investors might still be assessing the impact of minutes
The Sugar Association of the Caribbean (SAC) of which Jamaica is a member, is planning to increase intra-regional trade. In a report on its Board meeting earlier this month, the Association said the Directors reiterated their commitment to supplying all the region's raw sugar needs. The report states that SAC producers had increased regional sales of raw sugar from 30-thousand 464 tons in 2014/2015 to 36-thousand tons in 2015/2016. The Directors also discussed plans to meet the regional refined sugar demand. SAC members also updated the meeting on plans for producing value added products in the industry.
Indonesia’s President Joko Widodo, known as Jokowi, is betting his multi-billion dollar infrastructure drive and social welfare plans will win him a second term. Tax avoidance is high in Indonesia, which has left the country with one of the lowest tax-to-GDP ratios in the region of 11 percent, limiting the government’s ability to pay for roads, ports, airports and bridges to better connect the archipelago. Indonesia now has a top personal income tax rate of 30 percent and a corporate tax rate of 25 percent.
SSE: 601318) is delighted to announce that the financial technology (Fintech) subsidiary - OneConnect commences its operations in Indonesia to enable local banks and financial institutions to accelerate their efforts in digitization of financial services and move towards a more inclusive financial industry. Indonesia is the largest and fastest growing internet economy in Southeast Asia with a $27 billion economy in 2018.
SINGAPORE/JAKARTA, Feb 20 (Reuters) - The discovery of a major new natural gas field in Indonesia may push back the day the country's gas consumption outpaces its production and reduce its reliance on imported liquefied natural gas (LNG), officials and analysts said on Wednesday. A consortium led by Spain's Repsol found new gas resources at the Sakakemang block in South Sumatra in Indonesia estimated to contain at least 2 trillion cubic feet, the company said on Tuesday. Repsol claims the find is among the 10 largest made in the world over the past year.
The gory spectacle at a Jakarta temple marked the 15th and last day of Lunar New Year, known as Cap Go Meh in the Southeast Asian nation. With a significant ethnic Chinese minority, Muslim-majority Indonesia on Tuesday celebrated the end of two-week festivities welcoming the Year of the Pig with traditional lion dances, colourful parades and temples decked out in red lanterns. In Indonesia's section of Borneo island, Chinese shamans shocked onlookers with chains and swords embedded in their faces.
Indonesia aims to sign a long-stalled free trade deal with South Korea by November in a move that could boost two-way trade by billions of dollars, its trade ministry said Wednesday. The deal would help to unlock vast natural resource exports including coal, copper, tin, rubber and pulp exports from Indonesia to wealthy South Korea, but negotiations have been on hold since 2014 due to technical disagreements. Indonesia aims to finalise the agreement at the Korea-ASEAN summit in November, trade ministry spokesman Fajarini Puntodewi told AFP on Wednesday.
Hundreds of students have fled fighting in Indonesia's restive Papua province, a local NGO said, amid unconfirmed reports of violent military reprisals after a massacre of civilian workers by separatist rebels. The death of 16 government-linked employees at a remote jungle work camp in early December, marked a dramatic escalation from decades of mostly sporadic skirmishes between poorly armed and disorganised guerrillas and a powerful Indonesian military. Subsequent clashes prompted the Nduga district government to evacuate more than 400 students to Wamena, the capital of neighbouring Jayawijaya district, according to Humanitarian Volunteers for Nduga and a local education agency official.
The Paris-based lender is looking to add “a few dozen” to its existing headcount of around 300 wealth bankers, Pierre Vrielinck said in a recent interview. The hiring is part of “a key strategic move to capture assets and the growth” in Asia, Vrielinck said.
Kudos to JD.com (NASDAQ:JD) for trying, directly and indirectly. But Alibaba (NYSE:BABA) isn't even close to being dethroned as China's king of e-commerce. Alibaba is as secure there as Amazon (NASDAQ:AMZN) is in North America.A couple of thousand miles south of China, though, it's a considerably different story. While its market is arguably less ready there than in other parts of the world, owners of JD.com stock can celebrate the fact that it's JD rather than Alibaba shaping the future of e-commerce in Indonesia and its geographical neighbors.It's certainly not the proverbial big Kahuna that China is. It's an opportunity for JD, however, that's bigger and better than most investors may realize.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Not AlibabaThe comparisons to Alibaba are understandable. Both were built on the back of burgeoning Chinese consumerism and bolstered by the advent of accessible internet service.JD and Alibaba aren't quite cut from the same cloth, however. Alibaba is a middleman, mostly, connecting buyers and sellers through its online Tmall platform, while JD.com stock is increasingly an investment in a retail logistics solutions provider. The two entities overlap to be sure, but they operate distinct business models. * 10 Hot Stocks Leading the Market's Blitz Higher The differences hardly end there, however. Unlikely to make a dent in Alibaba's dominance in China, JD.com has turned its focus southward, largely starting with Indonesia.The strategy started quietly taking shape in 2017 with a $100 million investment in then-startup ride-hailing service Go-Jek. Later that year, the company shelled out $500 million to develop Thailan-based fintech and e-commerce solutions. Last year it opened a cashierless store in Jakarta -- a la Amazon -- and just a few days later launched JD.ID, which is a virtual store-shopping experience. Indonesia consumers "shop" remotely using digital banners placed in a public space, and the ordered goods are delivered to that person's home.Alibaba has competed for access to the Indonesian market as well, pouring a total of $4 billion into Lazada as of early last year. Lazada is an e-commerce site established to serve the Indonesia market. Amazon even continues trying to carve out a piece of the southeast Asian market, using Indonesia as something of a toehold, committing $1.3 billion worth of investments there late last year.It's JD, however, that appears to fully have its finger on the pulse of the region's consumers even if Lazada is the biggest traffic draw. On the VergeIt's a smart move.As the growth of China's consumer class starts to cool, Indonesia's is still heating up. Last year's e-commerce spending in Indonesia reached $13 billion, according to Morgan Stanley, after growing at an annualized pace of 50% for the past two years. By 2023, the figure could exceed more than $50 billion. That would make it a bigger opportunity than frequently lauded India.It's not a terribly difficult outlook to fathom. Of the country's 264 million residents, only 195 million of them currently use smartphones, and only 30 million of them are online shoppers. The figures leave room for rapid growth, not unlike the evolution China's consumers made just a few years prior.Indonesia is also setting the standard, and pace, for neighboring countries' e-commerce industries to follow.The few JD.com stock holders that have been following the solidification of southeast Asia's e-commerce market will also likely know Indonesian authorities recently imposed new rules on companies doing business in the country. Operators will now pay income tax on profits earned there, and shoppers will pay a value-added tax on goods purchased. It's a development that could crimp the country's e-commerce growth right as it's hitting full stride.It's also a development, however, that may not weigh much on JD.com.As was noted, JD increasingly aims to become a logistics service provider rather than just a middleman, offloading some of that new burden to product and service providers. Indeed, almost as if scripted, Accenture managing director Mohammed Sirajuddeen said just last month that the one stumbling block preventing Indonesia's e-commerce market from soaring to a $300 billion industry by 2025 was its poor logistics network. * Top 7 Semiconductor ETFs to Buy Now The problem plays right into the logistics-minded hand JD.com is holding. Looking Ahead for JD.Com StockJD.com is anything but a pure play on Indonesia, to be clear. Indeed, it's not even a pure play on the underserved and budding southeast Asian market. The future value of JD.com stock still greatly depends on how well it serves China's retailers.Nevertheless, JD's work and strategy in Indonesia has to be respected. The nickels and dimes Alibaba and Amazon are largely overlooking outside of China will soon be quarters, so to speak, and in some cases, a full dollar bill. Just as Alibaba and Amazon are tough to compete with where they're well established, JD.com will be tough to topple where it's making a point of establishing its new roots.It's a detail that will only become a bigger part of the JD stock story going forward.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post JD.com Stock Set for a Long-Term Boost From Focus on Indonesia appeared first on InvestorPlace.
JAKARTA, Indonesia, Feb. 19, 2019 /PRNewswire/ -- Data shows that consumer demand for beauty and cosmetic products, as well as medicine and healthcare products, is on the rise in Indonesia. With such a huge population, the market presents exciting opportunities for global businesses, particularly those in the beauty and cosmetics industry, which is in the midst of a period of rapid growth.