Search Results for: Indonesia

There is nothing better for a financial professional to oversee the transformation of an innovative company from a small scrapper to a big player – and ACCA qualified Australia-based Paula Kensington knows how this feels.

She is CFO of Rubik Financial – a Sydney-based provider of banking software – whose revenue since the end of 2011 has increased by 200% and its share price multiplied, driving market capitalisation exceeding Australian dollar AUD150 million (USD140.39 million).…

JAPANESE food manufacturers are targeting south-east Asia as key export markets, leveraging their products’ sophisticated, fashionable and healthy image. Indeed, with a significant proportion of south-east Asian consumers becoming richer, the perception that Japanese brands can be relatively expensive can help marketing and certainly not harm sales, they say.…

The Indonesian Employers Association (Apindo) is considering proposing a nationwide tiered system of minimum wages based on the size and sector of businesses. Apindo chairman Sofjan Wanandi told just-style.com that wage obligations should differ between small- and medium-sized enterprises (SMEs) and large firms, as well as between labour-intensive and capital-intensive industries, due to their varying productivities and wage capacities.…

Increasing power tariffs in Indonesia could force textile and garment manufacturers to double their raw material imports, according to Ade Sudrajat Usman, chairman of the Indonesian Textiles Association (API).

The API chair told just-style that electricity consumption already constitutes 15% to 20% of production costs for textile manufacturers in the country.…

Global technology analysts Gartner Inc is well known for its articulated predictions. An announcement in January 2014 to accompany its report on ‘Predicts 2014: The Rise of the Postmodern ERP and Enterprise Applications World’, highlighted the complex, and at times conflicting scenario facing companies considering moving their enterprise resource planning (ERP) systems to the cloud.…

SINGAPORE has been working hard to lose its past reputation for lax anti-money laundering (AML) controls.

Its ‘steering committee for combating money laundering and terrorist financing,’ jointly headed by the ministry of home affairs, ministry of finance, and the monetary authority of Singapore (MAS) published the country’s first ‘national risk assessment report’ on money laundering and terrorist financing in January 2014.…

India’s steel industry is anticipating progress under the incoming Bharatiya Janata Party (BJP) government led by Narendra Modi, which it hopes will boost domestic steel demand and improve the supply of raw materials.

“The entire investment cycle in the steel capacity has to be reinvigorated,” said Abhishek Poddar, partner at consultants AT Kearney India, “if the infrastructure span, real estate and automotive sectors improve, then the demand for steel itself will automatically go up.”…

Investment in the Indonesian textiles industry is set to remain stable this year, but with expansion in technical textiles, according to Ade Sudrajat Usman, chairman of the Indonesian Textiles Association (API).  Technical textiles – including medical textiles, geotextiles and agri-textiles – are a growing market and industry within Indonesia, with USD150 million worth of investment anticipated for 2014, according to Ade.…

The increasingly fluid global market for outsourcing enables brands to switch countries for their manufacturing needs, and it is in the interest of exporting countries to make it easy for them.

Cambodia’s garment industry has been the beneficiary of sourcing shifts from more expensive countries such as China in recent years, attracting manufacturers with some of the lowest labour costs in the world, a past reputation for reasonable working conditions and favoured access to US and European Union (EU) markets.…

Innovations in sustainability for cosmetics and packaging were highlighted at the 47th Cosmoprof Worldwide Bologna (April 4-7), in Italy. From natural, innovative materials to using traditional materials specifically designed to protect sustainable and organic products, Cosmoprof and its related Cosmopack exhibition emphasised the latest in cosmetics and personal care innovations, and offered a look at trends to come in 2015.…