Indonesia: IDX joins IPC market network; E-commerce sites to be accredited

Indonesia Stock Exchnage is joining the IPC Financial Markets Network (FMN) while the government and trade organisation has initiated the process of accreditation of e-commerce websites.

IDX joins IPC network

IPC Systems, Inc., a provider of managed network-as-a-service (MNaaS) solutions for the financial trading community, said it has added the Indonesian Stock Exchange (IDX) to the IPC Financial Markets Network (FMN).

This gives the capital market participants around the world – a secure, reliable connectivity – to access the Indonesian financial markets while meeting regulatory requirements.

Also Read: Indonesia Stock Exchange seeks five-fold growth; daily transaction to reach $1.88b by 2020

The announcement is in line with  IPC’s network expansion strategy which will “enable global investors to trade equities, bonds, derivatives and mutual funds in the Indonesian capital markets”.

According to IDX,  the institutions that are investing and trading in Indonesia are demanding reliable, secure and trusted connectivity options for executing their trades, consuming market data and managing risks.

“We continue to see significant demand among global institutional investors to access Indonesia’s financial markets as a result of the country’s sound monetary management and prudent fiscal stance,” said David Brown, senior vice president and managing director, Financial Markets Network, IPC.

E-Commerce could be 20% of  retail in 4 years

Srie Agustina, acting director general of domestic trading of Trade Ministry, said that the e-commerce business has a chance of capturing 20 per cent share of the retail market in the next four years. At present, e-commerce’s share in the conventional retail market is 5 per cent.

To boost the quality the domestic e-commerce industry, the trade ministry will mandate online sites to register with the ministry.

The Indonesia E-Commerce Association (IDEA) is planning for an accreditation of e-commerce sites to improve the quality and credibility of local e-commerce players. The accreditation assessment will begin in June for 200 sites’ online sales-and purchase businesses. The assessment categories include operational sites, payment clarity, and customer service.

Minister of Communications and Informatics Rudiantara expressed his optimism that the retail e-commerce business this year was likely to record deals worth $20 billion.

Also Read : 

Indonesia 2015: IPO market expands with 20 firms raising $1b, but country fails to meet targets

Indonesia to launch comprehensive e-commerce roadmap

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.