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Use of digital cash in transactions of ride-hailing and logistics services providers Grab and Go-Jek is becoming increasingly important. The management of Grab stated that cashless transactions (using smartphones tied to mobile payment systems) are now contributing more than half of the total value of transactions of Grab. Since the introduction of GrabPay, the value of cashless transactions recorded double-digit growth every month.
Today, Indonesian taxi and public transportation drivers staged another demonstration in Jakarta. They protest against the presence of app-based mobile applications such as Uber Taxi, GrabCar and Go-Jek that all recently started offering transportation services in the bigger cities of Indonesia and have become increasingly popular, at the expense of the financial performance of established transportation services such as taxis, public buses, bajaj (three-wheeled scooters) and ojek (motor taxi). The demonstration turned violent on Tuesday morning.
Since April 2015 sales of alcoholic beverages in kiosks or minimarkets in Indonesia are forbidden. Previously, light alcoholic beverages, such as beer or breezers, could be bought in these shops that have mushroomed in Indonesian cities. This was bad news for producers of light alcoholic beverages because it was made less easy to buy an alcoholic beverage. For such a drink you now have to go to the (licensed) supermarkets and hypermarkets or visit a cafe or restaurant. This increases the distance you need to travel for a drink or - when drinking in a cafe or restaurant - it becomes much more expensive.
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Kiprahnya biasa saja, bahkan nyaris tak terdengar selama puluhan tahun. Namun mendadak Bank Artos menjadi gunjingan bursa saham, sejak diakuisisi oleh Jerry Ng melalui PT Metamorfosis Ekosistem Indonesia (MEI) dan Patrick Walujo melalui Wealth Track Technology Limited di akhir 2019. Keduanya mengambil alih 51% saham Bank Artos, dan mengubah bank kecil tersebut menjadi bank digital yang kini diberi nama Bank Jago.
It was a rough first month of the year for Indonesia. Obviously, the COVID-19 crisis persists (and there are signs to assume this crisis will persist throughout 2021) with the total number of confirmed COVID-19 infections in Indonesia now having passed the one million mark.
The Indonesian government, investors and (other) market participants are optimistic that Indonesia’s tech startup company ecosystem is becoming stronger and stronger, and thus allows for the blossoming of more tech startups.
On Saturday, 01 April, 2017, the new regulations for ride-hailing apps in Indonesia came into effect, designed to protect consumers of these apps and support traditional transportation services such as taxi operators, minivans, buses and motorcycle taxis. The regulations include maximum and minimum tariffs for four-wheeled-vehicle rides that are booked through the online app, as well as a limit on the number of vehicles available. However, authorities will give time to these ride-hailing apps to adjust to the new regulations due to the "magnitude of the technical rules".
Foreigners who live in Indonesia's capital city of Jakarta are well aware of the horrible traffic situation. The lack of sufficient infrastructure development in combination with high car sales in recent years as well as the ever-growing population of Jakarta have resulted in complete standstills in many parts of the city, particularly on weekdays. To cover a relatively small distance in a car or taxi it can take hours, a loss of valuable time. Fortunately, there is a solution to these traffic jams.
Indonesian drivers of taxis, buses and bajaj (three-wheeled scooters) gathered on Monday (14/03) on several locations - in front of the State Palace, City Hall, and the Ministry of Communication and Information - in Central Jakarta to demonstrate against the presence of online transportation applications such as Uber Taxi, GrabCar and Go-Jek. Protestors claim that these mobile apps are operating illegally in the country (as these services are not regulated by law) and cause a decline in income for long-time established transportation services, including taxi services, bus services and the more traditional transportation services such as bajaj and ojek (motor taxi).
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