Home
Wednesday, 12 July 2017 06:00

Asia’s stock exchanges have had smoother starts to a week.

India’s National Stock Exchange, the country’s biggest bourse, suffered its longest ever halt on Monday after an unidentified glitch disrupted orders and price feeds, forcing the operator to freeze all equities and derivatives trading. Indonesia was also hit with a data issue and responded with its own shutdown. In both cases, brokers said that confusion reigned even after the venues had announced the suspensions.

It all added up to an unhappy Monday, with volume in Indonesia hitting its lowest level in a year while the benchmark index fell 0.7 percent. India’s NSE, already under pressure from an investigation into its practices toward high-speed trading, and with a proposed initial public offering seemingly in limbo, tried and failed to reopen its markets at least twice, before finally restarting after more than two-and-a-half hours.

“Lessons need to be learned from incidences like these and utmost precaution should be taken to avoid a recurrence,” said Dipan Mehta, an NSE member. “The bourse could also be efficient in communicating the issues, if they happen again, and minimise the chaos that prevails in these circumstances.”

NSE’s problems started soon after the open, when traders were unable to execute trades and prices were not updating, according to Arun Kejriwal, founder of Kejriwal Research and Investment Services. The bourse shut both the cash and derivatives segments at 9:55 a.m. local time and said premarket trading would resume at 10:45 a.m. Technical issues persisted, forcing it to delay the restart to 11 a.m. before it finally reopened at 12:30 p.m. A pricing display issue was still being addressed even after that.

Wednesday, 12 July 2017 06:00

The government has decided to use moving block signaling -- a signaling system in which the blocks, or sections of track, are defined in real time by computers as protected zones around each train – for the Greater Jakarta light rail transit (LRT).

With a moving block system, trains can transport more passengers than when a fixed block system is used, said Transportation Minister Budi Karya Sumadi.

Budi said that by using moving block signaling, the LRT could transport up to 750,000 passengers per day while with fixed block it would only be able to transport 500,000.

Wednesday, 12 July 2017 06:00

Chinese e-commerce giant and data technology provider Alibaba Group aims to revolutionize offline retail spaces through a new technology that will enable customers to buy goods in cashier-less shops.

The new retail concept, which connects big data technology to optimize offline retailers and online stores, is being introduced through Alibaba's experimental cashier-less store called Tao Cafe at its 2017 Taobao Maker Festival in Hangzhou, China.

Sunday, 02 July 2017 15:58

The Corruption Eradication Commission (KPK) has dismissed the House of Representatives’ threat to scrap its budget allocation in the 2018 state budget over its refusal to present a key witness in the e-ID graft case at an inquiry hearing.   

KPK deputy chairman Alexander Marwata said he was confident the House would not be able to cancel the budget allocation for the anti-graft body and the National Police, which have also refused to comply with the House’s request.

Saturday, 01 July 2017 13:38

Power deficient Indonesia needs to catch up with its neighbours in solar PV adoption. Subha Krishnan considers whether a planned feed-in tariff will be the right mechanism to kick start this process

Friday, 23 June 2017 14:40

Eni has started gas production from the Jangkrik Development Project, in deep water offshore Indonesia, ahead of schedule.

The Project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait.

Wednesday, 12 July 2017 06:00

he city of Jakarta announced its journey towards becoming a smart city last year. Since then, the Jakarta Smart City Division has produced various platforms for citizens to engage with data like never before.

Jakarta’s Governor Basuki ‘Ahok’ Tjahaja Purnama is tasked with guiding them towards smart city development.

Thursday, 29 June 2017 15:14

The Centre for Solid Waste Management of Thiagarajar College of Engineering (TCE) here has signed a memorandum of understanding with the Coordinating Ministry of Maritime Affairs of the Republic of Indonesia to replace all its existing roads with ‘plastic roads’ between 2017 and 2025.

Thursday, 29 June 2017 15:12

State-owned toll road operator PT Jasa Marga will allow travelers to pass through Cikarang Utama toll gates free if the queues of vehicles reach 5 kilometers to avoid worsening traffic congestion as people start returning to Jakarta and its neighboring cities.

The decision was made during a meeting between the toll road operator, the Transportation Ministry and the National Police, on Thursday.

Tuesday, 24 January 2017 18:57

This was once a manhood ritual that saw young men leaping over 2m high stone walls. The top of the stone walls were covered with spikes and sharp pointed bamboo. Stone jumping was also used to train warriors to jump over enemy walls.

Tuesday, 24 January 2017 18:45

Bullrace is one of Madura's culture, which become the special characteristis of Madura Island. The beginning of the bullrace originated from the fact that Madura is not so fertile that is not good for agriculture, instead the Madurese cath fish and breed cows and bulls which are also used for farming especially to plough the fields where paddies or second crop plants are grown.

Tuesday, 24 January 2017 18:40

Indonesia ranked along one of Asia's leading football nations. In 1991, they won the South East Asian Games. Earlier on - in Melbourne in 1956 - they had qualified for their first and only Olympic Football Tournament. Several players are now playing or used to play in foreign leagues. The most famous names are Ricky Yacob (Kashima Football Club in Japan), Bima Sakti (in Sweden) and Kurniawan (in Switzerland).

Sunday, 02 July 2017 16:10

Festival of people and tribes in Bali, Indonesia is a photography post or photoblog dedicated to the many unique and interesting tribes and cultures of Indonesia. While I visited Bali back in June 2011, I was fortunate enough to attend a massive local festival which showcased the many different people and cultures of Indonesia in one big event. Being an avid photographer, I was totally ecstatic about this festival which was held at Lapangan Puputan in Badung, Denpasar and went snapshot crazy. The funny thing I noticed here was that the majority of the crowd were mostly locals and I hardly saw any foreigners there.

Sunday, 02 July 2017 16:06

​​​​Former US president Barack Obama has said that Indonesia, with its Bhinneka Tunggal Ika (Unity in Diversity) principles, could inspire other Muslim countries in promoting tolerance and moderation.

In his keynote speech for the 4th Indonesian Diaspora Congress in Jakarta on Saturday, Obama underlined that Indonesia's spirit of tolerance has been embodied in its constitution and symbolized by mosques, churches, temples and shrines located next to each other, and people living alongside one another in peace and harmony.

Saturday, 01 July 2017 13:46

The food in Indonesia ranges from average to excellent, depending on where you are and what you're eating. Sorry, we know that's vague. Nasi Goreng and Mie Goreng are the most popular dishes and always cheap ($1-$3USD). Most restaurants will also offer thai curries and spring rolls, along with all you favorite basic Asian dishes.

Wednesday, 12 July 2017 06:00

Indonesia volcano eruption leaves ten injured and eight missing on Java Island after rescue helicopter crashes on way to help.

There were about 17 visitors around the crater at the time of the eruption. Eight people are also missing after a helicopter crashed while on the way to help with evacuations.

Thursday, 29 June 2017 15:19

From white water rafting in Bali to visiting temples on Java, former US President Barack Obama's private family holiday is being closely tracked in Indonesia where he spent four years as a child.Obama was six when he moved to Jakarta after his American mother, Ann Dunham, married an Indonesian man following the end of her marriage to Obama's Kenyan father."I feel proud that my friend became a president," said Sonni Gondokusumo, 56, a former classmate of Obama at the Menteng 01 state elementary school in Jakarta.Gondokusumo showed a class photograph of himself standing behin...

Friday, 23 June 2017 14:47

Sumeru mountain is the highest volcano in Java, with its peak Mahameru, 3.676 meters from sea level. The crater at the summit of Mount Semeru known Jonggring Saloko.

Semeru has Hill dipterocarp forest, dipterocarp forest Upper Montane Forest, and Forest Ericaceous or mountain forests.

© 2017 Eyes on Indonesia. All Rights Reserved. Designed By Lennart