The Indonesian government plans to launch the guidelines that will regulate the e-commerce industry for the next five years. While Mataharimall.com, an e-commerce platform from of Indonesian conglomerate Lippo Group, launched its e-commerce business in the country.
Government mulls e-commerce roadmap
Minister of Communications and Information Technology Rudiantara told reporters on Friday that a road map of e-commerce business will be done by the end of this month.
According to him, drafting of the road map will involve discussions with Bank Indonesia and eight other ministries. So far, government has completed 95 per cent work for the road map.
According to Rudiantara, the road map proposes more than 20 government initiatives, covering a wide range of regulations including taxation, source of funding for e-commerce businesses, methods of payment, and foreign investment.
At present, the e-commerce sector of the Indonesian economy is on the “negative investment list,” barring foreign investors from becoming shareholders in such businesses.
Mataharimall launches platform
In the move to grab growing market of e-commerce in the country, MatahariMall.com, officially launched its operations on Wednesday, kick-starting a $500 million quest to conquer the nation’s burgeoning online retail scene.
During the launch event in Jakarta,Hadi Wenas, the portal’s chief executive, said MatahariMall.com is an online super-marketplace, where everyone can buy everything and anyone can sell anything, including electronics, fashion, lifestyle and groceries.
Since its soft-launch earlier this year, MatahariMall has garnered nearly 200,000 customers with 200,000 different products in its inventory offered by some 1,200 vendors, according to Hadi.
It has also set up a 10,000-square-meter warehouse located near Halim Perdanakusuma airport in East Jakarta.
The Lippo Group’s director John Riady said that his company and other investors are fully committed to support MatahariMall.com. The chairmanof Mataharimall.com, Emirsyah Satar, said the site aimed to capture a 20 per cent share of Indonesia’s online retail market over the next five years.