Indonesia Dealbook: Government, Kadin launch SME marketplace, Traveloka adds new feature

Vice Chairman of Kadin SMEs, cooperatives and the Creative Economy Sandiaga Uno, the Deputy Kemenkop Yuana Sutyowati and the Secretary Kemenkop, Agus Muharram - Photo by Kadin

The Indonesian Chamber of Commerce and Industry (Kadin) and the Ministry of Cooperatives have launched a special marketplace for micro, small-medium enterprises and cooperatives (MSME) called ukmmarket.co.id. While online flight booking portal Traveloka has launched its newest feature called Easy Reschedule, which enables customers to change their flight booking directly on the site. 

Government, Kadin launch SME marketplace 

The marketplace aims to encourage MSMEs to grow and scale up their business and ultimately boost the country’s economy.

Data from McKinsey Global Institute shows that only 5% of SMEs have the ability to make online transactions. SMEs can contribute up to 2% of the country’s economy with potential income growth of 23-80 per cent if they utilise digital technology to market their products.

In addition to providing the marketplace, both parties have also agreed to provide training on utilizing information and technology and e-commerce to the MSME players.

Sandiaga Uno, head of Kadin, said the launch of ukmmarket.co.id will provide a strong foundation to the country’s economy given the huge base of MSMEs in the country.

Traveloka launches ‘easy reschedule’ for travelers

The company claimed that this new feature has marked Traveloka out as the first online travel company in Southeast Asia that revolutionizes flight rescheduling

With Easy Reschedule, customers can change all domestic (Indonesia) flight schedules served by the following airlines: Garuda Indonesia, Lion Air, Batik Air, Wings Air, Sriwijaya Air, Nam Air, Kal Star Aviation, Xpress Air, Trigana Air, and Aviastar.

More importantly, Easy Reschedule allows customers to change not only the departure time and date, but the airlines as well, it said.

“Previously, customers had to go through a complicated process whenever they wanted to reschedule their flight by calling the airlines directly. In that situation, customers must make a double effort as they book and reschedule in two different places,” said Ferry Unardi, CEO Traveloka.

Also Read : 

Indonesia bourse, industry body to set up incubators to get startups IPO-ready
 

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.