The Knowledge to Decide

Spire discusses e-commerce strategies suited to the Indonesia market Spire was honoured to participate at the GATES Indonesia ICT Reseller Channel Summit 2018. The Summit was held on 1-3 May, 2018 in Bali. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group and Indah Muliana, Senior Manager, shared insights on the Information and Communications Technology (ICT) industry in Indonesia, focusing on market trends and challenges. Bahar and Muliana discussed the growth of the ICT (Information and Communications Technology) market, its rapid expansion and the challenges faced by e-commerce businesses in Indonesia. Due to the rise in internet penetration with more online transactions, Indonesia’s ICT spending is expected to reach USD28.4 billion by 2020 whereas end-user device spending is set to increase 18% by 2020. As Indonesia’s internet user population reaches 143.26 million in 2017, 90% are using smartphones and close to 65% peop

Spire returns as the Official Research partner for GATES Indonesia ICT Reseller Channel Summit 2018 once more! The summit will be held between 1-3 May at the Grand Mirage Resorts & Thalasso, Nusa Dua, Bali, Indonesia. As one of the research partners, Spire will address the growing impact of online businesses on traditional retail channels in Indonesia. With such crucial information, vendors can prepare for opportunities and challenges head on. The channel industry in Indonesia still continues to face difficulties handling growth, industry consolidation, changing user expectations as well as technological landscape transformations. Join us to get insights directly from channel partners of well known vendors like Intel, Red Hat, Cisco and so much more! Register today! https://www.spireresearch.com/newsroom/events/gates-indonesia-ict-reseller-channel-summit-2018-returns/

As more users explore e-shopping and e-payment options, retailers are transforming the online e-shopping experience in Indonesia. Jeffrey Bahar, Group Deputy Chief Executive Officer of the Spire Research and Consulting group, was honored to be a guest speaker at GATES Indonesia ICT Reseller Channel Summit 2017 on e-commerce opportunities in Indonesia. In his presentation, Bahar shared his insights on the growth of modern retail turnover in Indonesia, focusing on consumer trends and the e-payment eco-system. Bahar mentioned that the growth of modern retail for 2017 was 10%, contributing 5.4% to Gross Domestic Product (GDP). With 88.1 million internet users in 2016 (34% of Indonesia’s population), the number of Indonesian online shoppers grew from 7.4 million in 2015 to 8.7 million in 2016. Methods used to pay for on-demand services in 2016 were cash (69%), e-money via applications (28%) and credit cards (12.46%). Bahar’s presentation deck on “E-commerce in Ind

With a USD450 million loan from World Bank, the Indonesian government’s efforts to provide more affordable housing for low-income families has received a big boost. Spire Research and Consulting supported the feasibility study for this World Bank program, working with Indonesia’s Ministry of Public Works and Housing (MENPUPERA). Spire helped execute a product concept test for the program to build affordable housing, working with Deloitte Indonesia. This was done via Focus Group Discussions (FGDs) across 4 cities. The findings revealed that Indonesia faces substantial demand for one million new housing units annually. Moreover, 29 million people (out of 250 million) of Indonesia’s urban population still live in slums. A portion of the World Bank’s loan will go to support the government’s housing assistance program (BSPS) and community-based housing development program (P2BPK) to target low-income homeowners. At the same time, Indonesia also offers the FLPP scheme – a

Since 1998, Indonesia has become one of the most dynamic and successful democracies in Southeast Asia today. Though it has navigated the global financial crises of the past five years relatively unscathed, infrastructure bottlenecks and regulatory hurdles have held back the country’s economic potential. How will the upcoming parliamentary and presidential elections impact the Indonesian economy and the companies operating in it? Indonesia may become the world’s 7th largest economy by 2030. A growing young population, bountiful natural resources along with an expanding consumer base will help sustain growth. Indonesia’s 2014 elections have been touted by some observers as the country’s most important since 1955. What is at stake? 1. Economic growth Elections do have the ability to kick-start growth by boosting business and consumer confidence in ways that defy normal economic calculations. Witness the surge in confidence that accompanied the election victory of Japan

As payment transactions become digitalized, it is crucial to ensure digital financial services are accessible to the poor at affordable rates and in a scalable manner. Recognizing this need, the International Telecommunication Union (ITU) organized a workshop on ‘Digital Financial Services and Financial Inclusion’ for ITU member states, ICT regulators and Financial Service providers from across the globe to discuss key industry trends, opportunities and challenges at the ITU headquarters in Geneva. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group, was honored to be a part of the workshop. In his presentation, Bahar highlighted initiatives by the Indonesian Government and the private sector to implement bulk payment services for beneficiaries. Bahar mentioned the Government to People (G2P) Payment option for Program Keluarga Harapan (PKH) – the Family Hope Program – where beneficiaries are entitled to cash grants from the government

The ASEAN region will see double-digit growth for e-commerce. Indonesia has the highest retail sales in ASEAN at USD469 billion and is expected to see robust e-commerce growth. Jeffrey Bahar, Deputy Chief Executive Office of Spire Research and Consulting group, highlighted the growth potential and key opportunities present in this sector during his presentation at the third Annual South East Asia Retail Expansion Summit in October 2015. The number of online shoppers in Indonesia is set to reach 8.7 million in 2016. Indonesia boasts of being among the top six retail e-commerce markets with a total retail value at USD1.3 billion (in 2013). Bahar mentioned that 51% of Indonesian online shoppers fall in the 21-27 age category where free shipping, exclusive deals, product warranty and safe payment methods are strong motivators. Key growth categories are books (22%) and fashion products (20.5%). Nonetheless, challenges remain. Barriers that need to be addressed to promote Indon

Spire Research and Consulting collaborated with the Indonesian Business Data Center (PDBI) to study the direct economic impact of Indonesia’s National Health Insurance (JKN) program in 2015. The study revealed that the much talked about JKN program would add up to IDR18.62 trillion (USD1.3 billion) to Indonesia’s economy. Jeffrey Bahar, Deputy Chief Executive Officer of Spire Research and Consulting group, was honoured to address a press conference on behalf of PDBI on 25 August  2015 in Central Jakarta. During the conference, he discussed the direct economic impact of the JKN program since its implementation in 2014. Bahar opined that the positive impact highlights the contribution from four related sectors namely human resources, construction of hospitals, health services and medicines. Interestingly, the study used data from various government institutions throughout 2014 which clearly demonstrated that the JKN program has raised demand for doctors and nurses by 50,000

With Indonesian consumers increasingly using mobile wallets for payments, E-money transactions have ballooned from 2.6 million in 2008 to a record 203.4 million in 2014. Recognizing the growth potential, the Third Annual Mobile Wallet Conference 2015 gathered industry leaders and government officials to discuss stake-holder responses to key industry trends. Spire’s Deputy CEO Jeffrey Bahar addressed the conference. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group, was honored to be invited as a guest speaker at the Third Annual Mobile Wallet Conference held in Jakarta, Indonesia from 18 – 21 August 2015. In his presentation, Bahar spoke about Indonesia’s advancing mobile money industry with focus on four key growth sectors – namely service providers, instruments (mode of service), financial regulatory authorities and services. To describe the growth curve of mobile wallets, Bahar shared a brief overview on how banking institutions and m