Bali Becomes The First Fab Island In The World

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What is Blockchain Technology and How Does it Work?
The world of the Blockchain is getting more and more popular in Indonesia and the higher the public’s curiosity about the cryptocurrency world, the more the need to understand Blockchain technology. The phenomenon that first began with the development of internet technology and was limited to the IT community is now increasing in the public spotlight. So, what exactly is Blockchain technology? What about cryptocurrency assets? How can this technology change the world? To answer these questions, let’s have look at some of the basics....
Market Insights: Indonesia Investment Trends as Global Economy Slows
During this unusual period of the Covid-19 pandemic since Q1 2020, the global economy has experienced unprecedented supply chain and labour disruptions that have created supply and distribution constraints leading to rising inflation rates across most markets and products. Added to that, the Ukraine and Russia conflict has also exacerbated inflation in the energy and food sectors...
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Crypto-Assets Regulations August 2022
The Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – “BAPPEBTI”) has issued Regulation No. 11 of 2022 on the Determination of the List of Crypto Assets Tradeable Through the Physical Market for Crypto Assets in order to accommodate the anticipated demand of future traders of crypto assets, as well as to enhance the development of the crypto-assets industry in Indonesia. The issuance of the new regulatory framework is in line with the ongoing increase in crypto-asset customer numbers and transaction volumes. Furthermore, the new regulation has also taken the increasing variety of crypto assets into account. The new regulation has now set a total of 383 crypto-asset types that are tradable through the physical market for crypto assets....
List of Banks in Indonesia
List of Banks in Indonesia
This is a list of major banks in Indonesia. There are 120-commercial banks in Indonesia (4-state owned banks and 117-private banks). Two of the state owned banks have Islamic banking units. Of the 26-government regional banks, 15 have Islamic banking units, while of 86-private national banks, 7 have Islamic banking unit, and there are 5-Islamic commercial banks....
Indonesian Banking Directory
Indonesian Banking Directory
Indonesia Banking Directory (DPI) is an annual media publication that presents an overview of principal data of Commercial Banks (include Sharia Banks) but does not include Rural Banks. The principal data of Commercial Banks that is presented in DPI contains information of legal entity, shareholder structure, and management structure of each bank....
BKPM Frequently Asked Questions on Investment
BKPM Frequently Asked Questions on Investment
As a part of efforts to improve investment services, BKPM took an initiative to publish “Frequently Asked Questions (FAQ) in an Investment in Indonesia” book. This book compiles answers for both new and existing investors regarding investment licensing procedures, incentives, regulations, labours, and cost of doing business in Indonesia....
Invest Indonesia: Five Steps to Invest in Indonesia
Invest Indonesia: Five Steps to Invest in Indonesia
The Indonesian Investment Coordinating Board (BKPM) have laid out five easy steps for anyone interested in investing in Indonesia beginning with understanding the general investment climate; understanding your planned investment activity; choosing a location; understanding licensing procedures; and finalizing your Business Plan....
Handbook of Energy & Economic Statistics of Indonesia 2021
This update on the Handbook of Energy & Economy Statistics of Indonesia, is an effort from the Center for Data and Information Technology on Energy Mineral Resources (CDI-EMR) to provide accurate and reliable data and information on energy and the economy, which is generally not available, largely because researchers at various institutions, do not have common terminology and in some cases, disagreement arises over different uses and in turn can lead to inaccurate energy analysis. This handbook hopes to resolve this....
Indonesia Outlook Revised to Stable From Negative; 'BBB/A-2' Ratings Affirmed
Indonesia’s external settings are benefiting from improved terms of trade on higher commodity prices. The economy continues to recover from the pandemic-driven slowdown, supporting the government’s fiscal consolidation efforts. S&P revised their rating outlook on Indonesia to stable from negative. At the same time, they affirmed their ‘BBB/A-2’ sovereign credit ratings on Indonesia. The stable outlook reflects S&P’s expectation that Indonesia’s economic recovery will continue over the next two years....
Digital 2022 Indonesia: The Essential Guide to the Latest Connected Behaviours
This detailed breakdown of all things digital in Indonesia was put together by Datareportal, We Are Social and Kepios. The report covers insights, and trends you need to help you understand how people in Indonesia use connected devices and services in 2022 including detailed statistics for internet use, social media use, and mobile use, as well as user numbers for all the top social platforms....
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Latest Article
Indonesia Collaborates With OceanX to Increase Marine Potential
According to reporting from Antara News, the Indonesian government is collaborating with OceanX, a non-profit...
Integrity Pact Signed to Support Peaceful Elections
As Indonesia gears up for presidential elections in February, all three presidential candidates and their...
High-Speed Train Boosts Tourism to Bandung
According to reporting from Tempo, the Management of PT Kereta Cepat Indonesia China (PT KCIC)has stated...
Kominfo Introduces Digital ID Under Revised ITE Law
According to reporting from Tempo, Indonesia’s Ministry of Communication and Information (Kominfo) have...
Ministry: Super-Priority Tourist Attractions Will be Busy for the Year-End Holidays
Tempo are reporting that Indonesia’s Tourism and Creative Economy Ministry has predicted that during...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

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Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.