The current Asia-Pacific Wealth Report 2015 showed Asia Pacific has a larger number of high net worth individuals compared to North America. A recent study indicates Asia Pacific region had exceeded North America with the number of high net worth individuals.
Tags: Indonesia
Foreign Investment: Indonesian Government Will Revise Regulations, Allowing Foreign Capital on More Sectors
The changes are part of the government's economic stimulus package, expected to boost the country's economic growth and create job openings. Indonesia's new regulations on investment would loosen current restrictions on foreign investments in various sectors, including e-commerce, retail and healthcare.
Ford Motor to pull out of Japan and Indonesia before year-end
Ford Motor has announced on Monday that they would be exiting the Japanese and Indonesian markets by the end of this year as the governments are running a very "closed" market, protecting domestic sales over the international ones. The automaker has been unable to increase their sales or sustain profits under such circumstances. They said that the employees have already been informed and they would be providing detailed explanations regarding post-sale services like servicing and providing new car parts to its customers very soon.
Jakarta greenlights Uber operations
Uber Technologies Inc. said it had been given approval from Jakarta governor to operate as a fully legal entity in the Indonesian capital, assuming it meets local tax rules and other requirements laid out by the government.
Indonesia challenges China's claims on South China Sea claims
Indonesia's Foreign Minister on Thursday announced that its country demanded China to explain and prove its claims on the South China Sea, as Indonesia accuses China of claiming parts of the Indonesian-ruled Natuna Islands to be part of China's nine-dash line.
Latest News
The latest data for August shows that Russia's economy is showing signs of slowing down. But the rate of decline is moderating, the real sector data is giving a sigh of relief as the worst conditions in the economy are softening, if not improving.
Twitter announced Monday that it entered a partnership with giant Indonesian carrier Indosat, allowing its 68 million users to use its direct messaging (DM) feature.
Foxconn, the electronics company headquartered in Taiwan, has pulled out $1B investment to Indonesia, rumors have it. But according to a report, Foxconn claims they haven't cancelled it yet.
Chinese factor is impacting significantly growth plans of several economies in the Asian region. The uncertainty in the stock markets and volatility in the foreign exchange (forex) have kept the many Asian nations in a gripping situation.
Google's Android One initiative is now officially on its way to Africa. For those who may not be familiar with Android One, it is an initiative started by the search engine giant, Google, as a way to help bring inexpensive yet still useful smartphones to developing countries, according to Business Insider Australia.
LG will dole out 4,000 G4 devices across South Korea, USA, Canada, and other regions soon. Consequently, a leak was recently discovered revealing the G4’s specs and features like IPS Quantum Display, f/1.8 aperture lens camera, removable 3,000mAh Battery and SD Card Slot, and many more.
Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world's fourth-most populous country, a senior executive told Reuters.
Australia expects to make a decision within weeks on whether it will seek to join the China-backed Asian Infrastructure Investment Bank (AIIB), Prime Minister Tony Abbott said on Saturday.
General Motors Co (GM.N) Chief Executive Officer Mary Barra’s deal on Monday to return up to $10 billion to investors is a career-defining bet that she can reverse the automaker's history of doubling down on money-losing products and failed expansion strategies.
