Indonesia Digest: KPPU to appeal in Grab case; WeChat Pay starts ops

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Indonesia’s anti-monopoly watchdog will appeal the court decision related to the cancellation of the fine on Grab Indonesia and its affiliated company PT Teknologi Pengangkutan Indonesia (TPI). Meanwhile, Tencent’s WeChat Pay has officially started operations in Indonesia.

KPPU to appeal court decision on Grab, partner

Indonesia’s anti-monopoly agency (KPPU) will appeal the decision of the South Jakarta district court related to the cancellation of a fine imposed on Grab Indonesia and Grab-affiliated company PT Teknologi Pengangkutan Indonesia (TPI). 

In July 2020, the watchdog had asked the court to fine Grab Indonesia and TPI Rp 49 billion or $ 3.2 million. KPPU stated, Grab Indonesia made a preferential treatment for drivers who rent cars through TPI, a car rental company that works with Grab Indonesia. 

The case began in 2019 when the watchdog received complaints from online taxi drivers or individual Grab partners in Medan about the unfair distribution of orders. The KPPU then followed up these complaints and imposed the sanctions in July. 

“We believe that each of our operational activities in Indonesia is always in the corridor of law and in accordance with the norms of society in Indonesia,” Grab spokesperson said on Tuesday in a CNBC Indonesia report. 

Previously, Grab’s attorney Hotman Paris Hutapea claimed that the District Court had canceled the sanctions imposed by the watchdog. “According to the South Jakarta District Court, Grab does not control the market, does not discriminate, and all fines of Rp 49 billion have been canceled,” Hutapea said. 

Chinese’s WeChat Pay starts ops in Indonesia

Chinese’s digital wallet WeChat Pay has officially commenced operations in Indonesia by partnering with Indonesia’s private lender, PT CIMB Niaga Tbk. 

However, Tencent’s digital wallet can only be used in Indonesia by Chinese tourists entering the SE Asian country. 

“In the midst of limitations in the current COVID-19 pandemic, we remain focused on developing and preparing the WeChat Pay service. We continue to disseminate information to CIMB Niaga merchants and add new merchants, so that when the situation is conducive, more and more partners of the company are ready and able to accept this new payment method,” CIMB Niaga consumer banking director Lani Darmawan said on Tuesday in the press statement. 

WeChat pay app can only be owned by users from China with sources of funds from debit card and credit card accounts issued in China. 

 

Singapore Reporter/s

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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. 
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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.