• Super Bowl 50 Adds: $5 Million for 30 Seconds of Fame

    Super Bowl 50 Adds: $5 Million for 30 Seconds of Fame

    This evening at 6:30 pm ET American football fans will be ready to watch the most important game of the year: the Super Bowl. In this year's edition - the 50th edition - the Carolina Panthers and Denver Broncos will face off in front of a worldwide audience and compete for arguably the biggest prize in sports. Considering that there may be around 115 million viewers, big companies may be tempted to buy 30 seconds of time to promote their products. However, they will have to dish out the big bucks; reportedly it be require USD $5 million for a 30-second commercial.

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  • IKEA Loses Court Battles over Brand Name in Indonesia

    IKEA Loses Court Battles over Brand Name in Indonesia

    Based on the decision of the Jakarta Commercial Court and the Indonesian Supreme Court (after an appeal), the world's largest furniture retailer IKEA fails to own the right to use its brand name in Indonesia as Surabaya-based furniture company Ratania Khatulistiwa claimed the trademark for its acronym for Intan Khatulistiwa Esa Abadi. Although Inter IKEA System had registered the trademark "IKEA" with the Indonesian directorate-general of intellectual property both in 2006 and in 2010, Ratania Khatulistiwa successfully claimed that the global furniture giant had not used the trademark for commercial purposes for three consecutive years.

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  • Indonesian Stocks Thrive on Positive Q4-2015 GDP Growth Figure

    Indonesian Stocks Thrive on Positive Q4-2015 GDP Growth Figure

    Indonesian stocks and the rupiah are having a great day on Friday (05/02). During the first trading session Indonesia's benchmark Jakarta Composite Index surged 2.33 percent to 4,774.68 points, while the Indonesian rupiah had appreciated 0.46 percent to IDR 13,577 per US dollar (Bloomberg Dollar Index) by 12:35 pm local Jakarta time. These positive developments are caused by the country's better-than-expected Q4-2015 GDP growth result. This morning it was announced that the Indonesian economy expanded 5.04 percent (y/y) in the fourth quarter of 2015.

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  • Official 2015 GDP Growth: Economy of Indonesia Expands 4.79%

    Official 2015 GDP Growth: Economy of Indonesia Expands 4.79%

    On Friday morning (05/02) Statistics Indonesia (BPS) announced that Indonesia's economy expanded 5.04 percent year-on-year in the fourth quarter of 2015, slightly higher than most analysts had been expecting. Full-year 2015 gross domestic product (GDP) growth was 4.79 percent (y/y). Although this figure is in line with expectations (which ranged between 4.70 and 4.80 percent), the growth pace still constitutes a six-year low for Indonesia, Southeast Asia's largest economy. Meanwhile, BPS also announced it had revised Q3-2015 GDP up from 4.73 (y/y) to 4.74 (y/y).

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