by Ferry Bayu | Mar 10, 2025 | Education
Davao City, Philippines –
ITSTEP Academy Philippines is excited to invite technology enthusiasts, students, parents, and those considering a career change to its highly anticipated Open House event, “Level Up: ITSTEP Academy Philippines Open House.” This event will be held on Saturday, March 15, 2025, at 11:00 AM, located on the 2nd Floor of the Pharma Nutria Building, at #2 Rimas St. corner J.P. Laurel Avenue, Barangay Wilfredo Aquino, Bajada, Davao City.
The Open House offers prospective students an immersive experience to explore the Academy’s specialized courses, state-of-the-art facilities, and expert faculty. Attendees will have the chance to discover career pathways in IT, participate in interactive sessions, and gain insights into various technology-driven programs designed to prepare them for success in the digital world.
One of the event highlights is the Game Development Using Roblox Studio program, which is perfect for aspiring developers and gaming enthusiasts eager to create immersive gaming experiences.
Roblox Studio, a well-known game development platform, allows learners to bring their creative ideas to life by developing interactive games. This program is particularly appealing to young creators and those looking to enter the gaming industry.
Another program that will be featured is Computer Graphics and Design, which presents an excellent opportunity for individuals passionate about visual communication, digital design, and multimedia artistry.
The program emphasizes hands-on training, teaching students graphic design principles, digital illustration techniques, and multimedia production skills, equipping them for careers in the rapidly growing creative industries.
Lastly, the event will showcase a course in Python Programming, a globally recognized and versatile programming language that opens the door to numerous career paths, including software development, artificial intelligence, data science, and automation.
This program is structured to cater to both beginners and experienced programmers, ensuring all participants gain practical and in-demand skills relevant to various industries.
The Open House will introduce attendees to a variety of in-demand programs, including Networks and Cybersecurity, Internet Marketing, Social Media Marketing (SMM Intensive Course), Front-end Development, and Quality Assurance (QA): Software Tester. These courses are designed not only to meet but to exceed the growing demand for skilled professionals in their respective technology sectors, providing an optimistic outlook for your future career prospects.
For younger attendees and their parents, ITSTEP Academy will showcase its Junior Computer Academy, a specially designed initiative aimed at nurturing tech skills in young learners. This program features engaging courses such as Animation and Cartoon Creation and Digital Kids: Programming, Design, and Artificial Intelligence. These courses offer early exposure to digital skills in a creative and supportive learning environment, assuring parents that their children are in capable hands.
Additionally, while exploring ITSTEP Academy’s diverse educational offerings, attendees will have the unique opportunity to benefit from a streamlined same-day admission process. This allows you to secure your enrollment in your chosen course on the spot, giving you immediate control over your educational journey.
Registration for the event is now open through the official website at https://itstep.ph/event/join-us-for-our-open-house. Interested participants can also reach out for inquiries via landline at +63 82 308 3376 or through WhatsApp and Viber at (+63) 967 470 3891. Further updates and event details can be accessed through ITSTEP Philippines’ official social media channels (@itstepph) on Instagram, Facebook, and TikTok.
by | Mar 10, 2025 | Business
Xpress Super App is revolutionizing urban transport with the launch of Xpress Arangkada at LRT-1 Dr. Santos Station. In partnership with LRMC, the event showcased seamless, commuter-friendly mobility solutions. Exciting promos, game-changing driver incentives, and hands-on transport innovations highlight Xpress’ commitment to accessibility and sustainability. Book your ride now and experience the future of Filipino mobility! #XpressArangkada
Parañaque City, March 10, 2025 – Xpress Super App, the country’s fastest-growing
transport network company, took a bold step in redefining urban mobility with
the successful launch of Xpress Arangkada at the LRT-1 Dr. Santos (formerly
Sucat) Station Parking Lot. This event, held in partnership with Light Rail
Manila Corporation (LRMC), was a game-changer in providing seamless, efficient,
and commuter-friendly transport solutions in Metro Manila.
The event saw overwhelming participation from local government officials,
industry leaders, driver-partners, and commuters eager to experience the latest
innovations in transport technology. With Parañaque Mayor Olivarez, LRMC
representatives, and top Xpress executives in attendance, the initiative
reinforced its mission to empower drivers, promote economic opportunities, and
enhance commuter convenience.
A Strategic Partnership for Commuters
The event kicked off with a keynote address from Ms. Jacqueline Gorospe,
LRMC’s Head of Corporate Communications and Customer Relations, emphasizing
LRMC’s commitment to improving urban mobility. She highlighted how the Xpress
partnership will streamline first- and last-mile connectivity for commuters,
enhancing their daily travel experience.
“At LRMC, we are always seeking innovative ways to improve commuter
accessibility and comfort. Our partnership with Xpress is a major leap forward
in ensuring that every trip is seamless, safe, and efficient,” said
Gorospe.
She further stated that the Xpress Super App partnership will help further
streamline first- and last-mile connectivity for commuters, enhancing their
daily travel experience. “At LRMC, we are always seeking innovative ways
to improve comfort and commuter accessibility to/from LRT-1 stations. This
amazing collaboration with Xpress Super App is a big and important step forward
in ensuring that every trip is seamless, safe, and efficient,” said
Gorospe.
Following her, Xpress Head of Operations Joshua Callueng unveiled how Xpress
Arangkada is set to transform daily commutes with a customer-centric approach,
offering faster ride-matching, improved driver incentives, and new promo
offers.
“We are here to innovate with a purpose—making transportation more
accessible, rewarding, and seamless for our passengers and driver
partners,” Callueng stated.
Empowering Local Drivers & Economic Growth
A representative of Parañaque Mayor Eric L. Olivarez, Mr. Mel Alipo-on, Head
of Tourism at the Public Information Office (PIO), joined the event and
acknowledged Xpress for its efforts in improving urban mobility and creating
new livelihood opportunities for transport workers. He recognized the
platform’s role in enhancing commuter accessibility and supporting local
drivers through innovation and better transport solutions.
In line with this, Xpress President Cliff Cabungcal announced game-changing
driver incentives, including:
· Time
Range Incentives – Rewarding drivers for efficient operations
· 0%
Commission for EV Upgrades – Encouraging sustainable transport solutions
· Guaranteed
Earnings for Geo-Zones – Providing financial stability to driver-partners
· Recruitment
Incentives – Expanding the driver network to enhance service availability
“We are committed to building a transport system that benefits not just
passengers but also the hardworking drivers who keep our cities moving,”
Cabungcal affirmed.
Game-Changing Promos for Commuters
Take advantage of unbeatable deals while they last! Xpress Super App is
making travel even more rewarding with a 50% off promo for first-time riders
(Terms and Conditions apply) and an exciting new offer—unlimited 20% off on
all MotoTaxi and CarTaxi (2W/4W) rides to or from Dr. Santos LRT-1 Station
(Terms and Conditions apply). These limited-time promos reinforce Xpress Super
App as the go-to mobile ride-hailing platform for Filipinos, by Filipinos. Book
your ride today and experience the future of urban transport!
Hands-On Transport Innovation: Test Drives & Rider Engagement
Beyond the speeches, attendees had a chance to experience firsthand the
future of urban mobility through exciting engagement activities:
· BYD
Car Test Drive – VIPs explored the latest EV and hybrid vehicle features
· Moto
Taxi Skills Assessment – Drivers demonstrated their expertise in navigating the
city efficiently
· App
Download & Rewards Booth – Commuters availed instant ride discounts and
promo giveaways
· Skills
Challenge for Drivers – Top-performing riders won exclusive incentives and fuel
vouchers
The event also fast-tracked driver recruitment, allowing new 4W and Moto
Taxi drivers to register on the spot, reinforcing Xpress’ commitment to
expanding its fleet and improving ride availability.
A Milestone Moment in Philippine Urban Transport
The event wrapped up with media interviews and a closing address by Xpress
executives, marking a new chapter in Metro Manila’s evolving transportation
landscape.
With its bold vision, strong partnerships, and unwavering commitment to
drivers and commuters, Xpress Super App is set to lead the next phase of urban
mobility in the Philippines.
For more updates on Xpress Arangkada, visit our website www.xpress.ph or follow us on
Facebook @xpresssuperapp and Instagram @XpressPhilippines
#XpressArangkada #XpressSuperApp
#PinoyPrideEveryRide
by | Mar 9, 2025 | Business
Have you set your sights on expanding your business to the vibrant Indonesian market? Establishing Penanaman Modal Asing (PMA), or a Limited Liability Company with Foreign Direct Investment (“called as “PT PMA”) can be a strategic move for entrepreneurs seeking complete control of their operations. This comprehensive guide dives deep into everything you need to know about PT PMA. We’ll explore the key features of this company structure, including foreign ownership percentages, minimum investment requirements, and the benefits associated with it. Additionally, we’ll guide you through the PT PMA establishment process, highlight factors to consider before making a decision, and even explore alternative company structures suitable for specific business goals. By the end of this article, you’ll be armed with the knowledge to confidently navigate the PT PMA landscape and make an informed decision for launching your successful foreign-owned venture in Indonesia.
Indonesia, a Southeast Asian powerhouse, boasts a thriving economy, strategic location, and a welcoming environment for foreign investment. If you’re an entrepreneur with sights set on this dynamic market, establishing a PT PMA, can be a strategic move. This comprehensive guide delves into everything you need to know about PT PMA, empowering you to make informed decisions for your business venture in Indonesia.
Understanding the Structure of PT PMA
A PT PMA is the most common legal structure chosen by foreign investors seeking complete control over their Indonesian operations. Here’s a breakdown of key features of a PT PMA:
Foreign Ownership:Allows for 100% foreign ownership, ideal for complete control by foreign investors.Paid-Up Capital:Requires a minimum capital of IDR 10 billion (approximately USD 680,000+)Shareholding:While 100% foreign ownership is allowed, regulations require a minimum of 2 shareholders in a PT PMA which can be an entity or an individual.
Benefits of Establishing a PT PMA
Choosing a PT PMA structure offers several advantages for foreign investors:
Full Control:PT PMA provides complete decision-making authority for foreign investors over the company’s operations.Limited Liability:Shareholders’ liability is limited to their investment in the company, offering protection for personal assets.Access to Local Market:A PT PMA allows direct participation in the Indonesian market, facilitating sales and distribution.Tax Benefits:Depending on the industry and location, PT PMAs might qualify for specific tax incentives offered by the Indonesian government.
Things to Consider Before Establishing a PT PMA
While PT PMA companies offer a compelling structure for foreign investors seeking complete control in Indonesia, there are crucial factors to consider before diving in. Let’s delve deeper into these considerations to ensure you make an informed decision for your business venture:
Minimum Investment Threshold:The minimum investment requirement of IDR 10 billion (approximately USD 680,000+) can be a significant hurdle for some businesses, particularly startups or those with lower initial capital requirements. Carefully assess your budget and projected growth trajectory to determine if a PT PMA aligns with your financial resources.Compliance Burden:Foreign investors establishing PT PMA need to adhere to various regulations and reporting requirements. These can include ongoing compliance with investment regulations, tax reporting, labor laws, and environmental regulations. Navigating these complexities can be time-consuming, and seeking assistance from legal and accounting professionals might be necessary.Market Knowledge and Local Partnerships:The Indonesian market has its unique characteristics and cultural nuances. Partnering with a reputable local company can provide valuable insights into consumer preferences, business practices, and navigating bureaucratic processes. This collaboration can streamline operations and enhance your company’s success in the Indonesian market.Long-Term Commitment:Establishing a PT PMA is a significant undertaking, and success hinges on a long-term commitment to the Indonesian market. Thorough market research, a well-defined business plan, and a commitment to navigating the legalities and cultural landscape are essential for a thriving venture.Alternative Company Structures: Depending on your specific business goals and industry, alternative company structures might be better suited. Consider options like a Perusahaan Penanaman Modal Bersama (PMDN), a joint venture with Indonesian partners, which might have lower minimum investment requirements depending on the sector. Alternatively, a Representative Office (RO) might suffice if your primary focus is market research and promotion. (contact us for discussing the alternative company structure by clicking this link)
The PT PMA Establishment Process
Setting up a PT PMA involves several steps:
Company Name Reservation:Reserve your desired company name with the Ministry of Law and Human Rights (MOLHR).Articles of Association (AOA) Drafts & Notarization:Draft and notarize the AOA outlining company structure, purpose, and governance.Deed of Establishment:Prepare and notarize the Deed of Establishment, formally establishing your company.Company Registration:Register your company with the MOLHR after obtaining investment approval.Tax Registration:Register for tax purposes with the Indonesian tax authorities.Business License Application:Apply for the necessary business licenses (business identification number (NIB), etc.) through the Online Single Submission System (OSS).
Additional Considerations
Local Partner:While not mandatory, partnering with a reputable local company can provide valuable insights into the Indonesian market and navigate bureaucratic processes.Professional Support:Seeking assistance from lawyers, accountants, or company registration consultants can streamline the establishment process and ensure compliance.
Alternatives to PT PMA
In some cases, depending on your business goals and industry, alternative company structures might be suitable:
Perusahaan Penanaman Modal Bersama (PMDN):A joint venture company with both Indonesian and foreign investors. Minimum investment requirements vary by sector.Representative Office (RO):Limited to market research, promotion, and liaison activities. ROs cannot engage in commercial activities.
Conclusion: Launching Your Indonesian Venture with Confidence
In conclusion, your entrepreneurial journey in Indonesia can flourish with a well-established PT PMA. This guide has equipped you with in-depth knowledge about PT PMA, from understanding the structure and its advantages (full control, limited liability, market access) to navigating the establishment process (name reservation, AOA preparation, registration). We explored essential considerations like minimum investment, and compliance, along with alternative company structures (PMDN, RO) for specific scenarios. Remember, with meticulous planning, the potential for professional support, and a grasp of the regulations, establishing your PT PMA can be a stepping stone to a thriving foreign-owned venture in the heart of Indonesia. So, dive into the exciting opportunities this dynamic market offers, empowered by the knowledge you’ve gained from this comprehensive guide.
Looking to dive into Indonesia’s vibrant business landscape? Let us assist you in navigating the complexities of setting up your business entity in this dynamic market. Kickstart your entrepreneurial journey today! Click here to begin.
by | Mar 7, 2025 | Business
RMIT sustainable fashion experts have collaborated with brands to create guidelines aimed at eliminating wasteful designs and promoting durable fashion that supports reuse and recycling.
The global fashion industry is responsible for about 10% of all greenhouse gas emissions.
The new guide, Refashioning: accelerating circular product design at scale, outlines steps for makers to transition from linear to circular design, focusing on maximising the lifespan of products and materials.
Lead author and Dean of RMIT’s School of Fashion and Textiles, Professor Alice Payne, said the guide challenged traditional design thinking with practical steps to enable change.
“This guide provides a systematic and methodological approach to implementing circular clothing design in a way that all organisations can implement, regardless of their size,” she said.
“Based on extensive research with the industry, we’ve created practical steps businesses can take to improve the circularity of their outputs.
“Although other circular design guides are available, Refashioning is unique in providing a systematic methodology that enables designers to both slow the flow and close the loop.”
The dominant production and consumption method used by most brands today creates clothing for a linear economy – a system of take, make and waste.
To switch to a circular method that allows materials to be recycled, critical aspects such as material choices, product purpose and use, durability, and end-of-life options need to be considered early in the design process.
Funded by Sustainability Victoria, the guide’s production was a collaboration between RMIT, Country Road Group brands and two independent partners, circular design expert Courtney Holm and sustainability expert Julie Boulton.
Sustainability Victoria’s CEO, Matt Genever, said the research connected industry, government, and academia to address textile waste.
“It’s an example of how effective cross-sector collaboration can generate impactful results in the transition to a circular economy,” he said.
“By fostering partnerships across sectors, Sustainability Victoria enables meaningful change that moves beyond theory and into real, actionable solutions.”
Applied expertise was central to the design of the guidelines, as they were tested by users on actual products.
For over a year, the team worked with eight product and design teams across four brands within the Country Road Group – Country Road, Trenery, Witchery and Politix – to test and refine the guides in a commercial context.
Country Road Group’s Head of Sustainability, Erika Martin, said working on the guide’s creation has started the Group on a journey towards having a common understanding and approach to circular design across its brands.
“This project delivered a clear vision for circular design, and leveraged the expertise in the industry, academia and our own business,” she said.
“The opportunity to help create guidelines based on real life feedback and challenges and not just academic theory was a key driver for our involvement, alongside our commitment to building a better future.”
Refashioning: accelerating circular product design at scale, with RMIT co-authors Alice Payne, Yassie Samie, Jenny Underwood, Saniyat Islam, Rebecca Van Amber and Regine Abos,is published on refashioning.org.
by | Mar 7, 2025 | Business
Multibook Limited (Headquarters: Shinagawa, Tokyo; CEO: Tadaaki Murayama) announces that its global cloud ERP service multibook now supports e-Invoice, a national requirement in Malaysia.
With this, businesses can use multibook to apply for certification of electronic invoices in batches through multibook on MyInvoisPortal, the Malaysian tax authority’s web application.
- About Malaysia’s e-Invoice System
Aiming to enhance tax regulation efficiency and improve transaction transparency, Malaysia has introduced the e-Invoice system in phases, beginning in June 2024. Under this system, invoice issuers must electronically submit transaction details to the tax authority for authentication. Implementing e-Invoice is mandatory for all businesses from July 1, 2025, making compliance a pressing issue.
There are two primary methods for businesses to authenticate invoices with the tax authority. The first one is by manual submission via MyInvoisPortal, the online portal provided by the Malaysian tax authority. The second one is by API linking MyInvoisPortal with the company’s existing invoice system.
- Multibook e-Invoice compliance features
Multibook has developed a standard file output function that enables batch uploads to MyInvoisPortal. The required upload format consists of 11 sheets, which can be time-consuming when filled manually. By utilizing multibook, businesses can submit authentication requests in bulk, improving operational efficiency, reducing processing time, and minimizing errors.
Multibook remains committed to adapting to regulatory requirements and tax law updates in various countries. Our mission is to make the challenge of international business management more accessible and easier, to “Empower your potential” .
- Overview of Global Cloud ERP “multibook”
Multibook is a cloud-based ERP designed for overseas business operations, prioritizing speed in implementation, processing, and issue resolution. Supporting 12 languages, multi-currency transactions, and multiple account books, it seamlessly integrates business locations worldwide. Currently it has been adopted by over 500 companies across 33 countries, spanning industries such as manufacturing, trading, food & beverage, and construction, catering to both listed and non-listed enterprises.
Key Features: Accounting, logistics, fixed asset management, IFRS lease asset management, expense reimbursement, management cockpit, business process outsourcing cockpit, external integration (e.g., consolidated accounting, warehouse management)
Service: multibook
Website: https://en.www.multibook.jp/
12 Supported Languages: Japanese, English, Thai, Vietnamese, Korean, Burmese, German, French, Spanish, Traditional Chinese, Simplified Chinese and Indonesian.
- Company Overview
Company name: Multibook Limited
CEO: Tadaaki Murayama
Established: September 2000
Headquarters: NMF Gotanda Ekimae Building 5F, 1-1-8 Nishi-Gotanda, Shinagawa-ku, Tokyo, Japan
Overseas offices: Singapore, Thailand, Philippines
Business description: Planning, development and provision of global cloud ERP services, including “multibook.”
by | Mar 7, 2025 | Business
XPRESS Super App is an innovative multi-transport ride-hailing platform in the Philippines that empowers seniors to embrace an active second life. Inspired by Japan’s high senior employment rates, the app offers user-friendly training and design, along with BYD-backed Hybrid/EV loans at 0% commission during a transition period. The Negosyo Program and exclusive financing provide safe, sustainable mobility, with every booking insured for riders and drivers, ensuring reliable transportation solutions daily.
Manila, Philippines – XPRESS Super App, the country’s newest multi-transport ride-hailing platform, is redefining retirement by inviting senior citizens to embrace a vibrant “2nd life” after their careers. Inspired by Japan’s progressive employment model, a recent report by the Japan Business Federation revealed that in 2022, the employment rate for individuals aged 60 and older reached 25.2%, significantly higher than in the United States (18.6%) and the United Kingdom (10.9%). This encouraging data has fueled XPRESS’s mission to ensure that retirement is a time of purpose and renewal.
Designed with simplicity in mind, the XPRESS app features large, easy-to-read icons, and the company provides smartphones along with personalized training for those unfamiliar with modern technology. “We believe everyone deserves a chance to stay active and engaged,” an XPRESS spokesperson stated.
In a groundbreaking collaboration with BYD, XPRESS offers drivers the opportunity to avail Hybrid and EV loans, making sustainable vehicle ownership more accessible. During a limited-time transition period, drivers using electric EV or hybrid vehicles benefit from a 0% commission program, allowing them to maximize earnings while supporting eco-friendly transportation.
Furthering its commitment to inclusivity, XPRESS has introduced the Negosyo Program in partnership with Cebuana Lhuillier. This initiative provides exclusive financing options for driver partners across Metro Manila and key cities nationwide like Bataan, removing barriers to EV adoption.
XPRESS also addresses driver shortages during rush hours by welcoming both senior riders and drivers. With specific age requirements for 2-wheel Moto Taxis (20-60) and 4-wheel Car Taxis (20-65), additional doctor’s fit-to-drive certification for riders or drivers aged 60-65, and an active professional Philippine driver’s license, XPRESS is paving the way for a more inclusive, sustainable future. Every active booking is insured for both the rider/driver and their passenger to ensure top-notch coverage.
For more details, visit www.xpress.ph and follow XPRESS on Facebook, Instagram, and TikTok @XpressPhilippines or e-mail in**@****ss.ph.
by | Mar 7, 2025 | Business
Manila, Philippines – February 26, 2025 – The Kloud Solutions Inc. Launch event was a groundbreaking moment in the Philippine IT and cloud computing industry, marking a new era in telecommunications and business solutions. Among the key highlights of the event was the presentation of OneSuite Business by Mary Olmstead, an emerging leader in IT and cloud communications, who introduced the cutting-edge virtual PBX system designed to revolutionize business communications for solopreneurs, small businesses, and remote teams.
Mary Olmstead: Pioneering Smart Business Communication Solutions and AI Advocacy
Mary Olmstead, a passionate advocate for innovative and cost-effective IT solutions, took center stage to introduce OneSuite Business, an industry-leading pay-as-you-go virtual PBX that empowers professionals, business owners, and remote teams with seamless communication solutions. With her expertise in IT and business communication, Olmstead highlighted how OneSuite Business offers unparalleled convenience for those needing a dedicated US business number while staying in the Philippines for business, vacation, or leisure activities.
OneSuite Business: A Game-Changer for Business Owners, Remote Professionals, and Travelers
Since its inception in 1999, OneSuite has been a pioneer in prepaid integrated telecom services, and with the evolution of remote work and global business operations, OneSuite Business was designed as an upgraded, simplified, and cost-efficient solution tailored for today’s professionals.
Key benefits of OneSuite Business include:
✔ Dedicated Business Number: Stay connected with a US business number wherever you go.
✔ Auto Attendant & IVR: Set up professional call routing to ensure calls reach the right place.
✔ Caller ID Protection: Keep personal and business communications separate while maintaining professionalism.
✔ Receive 2FA & OTP Verification Codes: A secure solution for authentication while traveling abroad.
✔ Scalability for Teams: A flexible virtual phone system for solopreneurs, startups, and growing businesses.
✔ Pay-as-you-go Pricing: Only pay for what you use, making it an affordable option for businesses of all sizes.
✔ Multi-Device & Remote Access: Make and receive calls or send SMS from anywhere in the world via the OneSuite Business App or thru the website.
On <b>February 26, 2025</b>, at the<b> Kloud Solutions Launch</b>, Olmstead had the opportunity to showcase how OneSuite Business can empower professionals with seamless communication solutions.<i></i>
Mary Olmstead emphasized that OneSuite Business is the perfect solution for Filipinos working remotely, managing an international business, or maintaining a presence in North America without incurring expensive roaming or international calling charges. Additionally, OneSuite Business is an ideal choice for U.S. tourists traveling to the Philippines or anywhere else in the world for business, work, or leisure activities. With its cloud-based IPPBX service, OneSuite Business ensures that travelers can maintain seamless communication as if they never left the U.S.This means they can receive and make calls with a dedicated U.S. number, send and receive SMS, and manage business operations without the hassle of costly international fees or unreliable roaming services. Whether in Southeast Asia, Europe, or anywhere else, OneSuite Business provides uninterrupted connectivity, giving travelers the flexibility and convenience of a professional business phone system wherever they go.
A Strategic Moment in the IT Industry
The Kloud Solutions Inc. Launch event was a testament to the growing demand for locally owned, sovereign cloud computing and telecom solutions in the Philippines. As SkyLab’s FusionFlow Cloud Service Platform expands its reach into the region, the partnership between OneSuite Business and Kloud Solutions Inc. underscores the importance of cutting-edge cloud-based communication solutions tailored for modern business needs.
Olmstead’s presentation highlighted the shifting landscape of business communication, ensuring small businesses, entrepreneurs, and remote professionals have the right tools to stay connected, work efficiently, and grow their businesses seamlessly.
Building a Name in the IT Industry
Mary Olmstead is set on making an impact in the IT and cloud solutions space. With her expertise and strategic vision, she aims to continue advocating for smart, affordable, and efficient business communication tools, as well as the integration of AI to drive digital transformation. Her presentation at the Kloud Solutions Inc. launch is just the beginning of her journey toward becoming a recognized leader in IT, AI, and telecom innovations.
For more information about OneSuite Business and how it can help your business stay connected while in the Philippines, visit www.onesuitebusiness.com or contact Mary Joy Custodio-Olmstead at ma***********@**********on.com.
by | Mar 7, 2025 | Business
Villgro Philippines, a gender-smart incubator supporting impact-driven enterprises, has partnered with the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) to jointly run the Sustainable Agriculture and Food Security Enhancement (SAFE) Accelerator. This virtual accelerator program is designed to support high-potential enterprises developing regenerative, climate-resilient solutions that address food security and sustainable agriculture challenges in Southeast Asia. Applications will open in April 2025.
Villgro Philippines, a gender-smart incubator supporting impact-driven enterprises, has partnered with the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) to jointly run the Sustainable Agriculture and Food Security Enhancement (SAFE) Accelerator. This virtual accelerator program is designed to support high-potential enterprises developing regenerative, climate-resilient solutions that address food security and sustainable agriculture challenges in Southeast Asia.
With agriculture serving as a backbone for millions across the region, the sector faces escalating threats from climate change, extreme weather events, unsustainable farming practices, and food waste. The SAFE Accelerator aims to cultivate market-driven, climate-resilient solutions that protect biodiversity, sustain farming communities, and improve food security.
“SEARCA, with its deep expertise in advancing climate-smart agriculture and agritech innovations, sees the SAFE Accelerator as a key initiative in fostering sustainable development across the region,” said Dr. Glenn Gregorio, SEARCA Center Director.
He added that the program will support four enterprises in Lao PDR, the Philippines, Timor-Leste, and Vietnam that integrate regenerative, nature-based solutions in their business models.
“The need of the hour is urgent transformative change to ensure food security – regenerative agriculture is at the heart of restoring ecosystems and ensuring our food systems are sustainable. The SAFE Accelerator will equip enterprises driving climate-friendly agribusinesses with coaching, tools, and networks to scale regenerative solutions that sustain both people and the planet.” said Priya Thachadi, Co-Founder and CEO of Villgro Philippines.
The four-month virtual accelerator program offers tailored capacity-building, mentorship from industry experts, hands-on workshops, gender-smart training, and self-paced investment readiness training. The program will conclude with an Impact Showcase, where selected enterprises will connect with potential investors and partners. Additionally, eligible enterprises may receive further funding opportunities through Villgro Philippines’s investor network.
“The SAFE Accelerator is an important step for empowering enterprises at the forefront of climate-smart agriculture, enabling them to scale solutions and the kind of innovations needed to reshape agriculture in Southeast Asia—driving both ecological restoration and long-term food security,” said Atty. Eric Reynoso, SEARCA Program Head for Emerging Innovation for Growth.
Applications will open in April 2025 for screening and joint evaluation by Villgro Philippines and SEARCA. Interested enterprises or partner organizations in Lao PDR, the Philippines, Timor-Leste, and Vietnam may reach out to the team at cl*****@****************es.org.
by | Mar 7, 2025 | Business
Are you considering investing in Indonesia? Understanding the process of establishing a Foreign Owned Company Limited Liability Company (PT PMA) is crucial for foreign investors looking to tap into Indonesia’s promising economic landscape. In this comprehensive guide, we’ll explore the requirements, corporate structure, and key considerations involved in setting up a PT PMA in Indonesia.
From understanding the legal framework to navigating restrictions on foreign ownership and minimum investment requirements, this article provides valuable insights to help you make informed decisions and navigate the complexities of investing in one of Southeast Asia’s largest economies. Whether you’re a seasoned investor or exploring new opportunities, this guide will equip you with the knowledge and tools needed to establish a successful presence in Indonesia’s thriving business environment.
Indonesia presents excellent investment prospects to foreigners because of its youthful and huge population, growing standard of living, wealth of natural resources, and inexpensive labor. As a result, Indonesia tends to see an increase in the realization of foreign direct investment (FDI) annually. This section addresses the establishment of Perseroan Terbatas Penanaman Modal Asing, often known as PT PMA, a limited liability company for foreign investments in Indonesia. It is the official organization that permits foreign investors to carry out business operations in Indonesia.
Indonesia, one of the largest growing nations, offers excellent economic prospects to foreigners. The Foreign-owned Limited Liability Company (PT Penanaman Modal Asing) requirements in Indonesia are important information for those of you who wish to begin growing your business there. Let’s just call it PT PMA for short.
PT PMA, as its name suggests, is a Limited Liability Company (PT) that operates under the regulations of Law Number 40 / 2007, which relates to limited liability companies (Company Law). This type of business might be partially or fully owned by foreign entities or individuals. It is also important to keep in mind that several economic areas in Indonesia are off-limits to international investment.
A foreign investment in Indonesia is defined as an investment activity carried out by a foreign investor with the intention of operating a business inside the borders of Indonesia, as per Law No. 25/2007 on Investment (New Investment Law). The PT PMA is the legal organization that permits a foreign individual, foreign entities, or foreign government agency to conduct business in Indonesia—that is, to create income streams and profits.
It is essential to emphasize that a number of Indonesian industries are either completely or partially off-limits to foreign investment. The Positive Investment List, which is maintained and updated often, is the resource you need to learn which industries accept foreign investment (BKPM). The list indicates the highest proportion of foreign ownership permitted in the event that a sector is partially closed to foreign investment. This implies that in order to conduct business in that specific industry, you will require an Indonesian partner.
Corporate Structure of a Foreign Owned Limited Liability Company (PMA)
A foreign owned limited liability corporation (PMA) has the following corporate structure:
Shareholders
Two must be present at minimum. The shareholders from Indonesia and/or abroad may be either natural persons or corporations.
Board of Directors
The PMA’s daily activities are overseen by the members of the board of directors. The corporation must have at least one director, who may be an Indonesian or a foreign national. A president director must be selected if the board of directors is composed of more than one director. Additionally, the president director may be an Indonesian or a foreign national.
Board of Commissioners
The commissioners’ job is to keep an eye and supervise the PMA’s board of directors. A president commissioner must be selected if the board of commissioners has more than one member, and the shareholder must choose at least one commissioner. Both foreign nationals and Indonesians may serve as commissioners and president commissioners.
The general meeting of shareholders appoints the members of the board of directors and board of commissioners. A notarial deed of appointment concludes their choice.
Important Things to Consider When Setting Up a PT PMA
Here are some major considerations you should make before deciding to open a PT PMA in Indonesia:
Owners of PT PMA shares:A PT or LLC needs two shareholders, at least one of whom must be a foreign national, in order to be considered as a foreign company.The Positive Investment List and the Business Sector:Indonesian government has opened up to be invested by foreigner. Most of the activities are open for foreign ownership based on the Positive Investment List Regulation. However, certain economic sectors (PT PMA) are totally off-limits to foreigners, while other sectors allow foreign ownership to be limited to up to 95%. You can do research using Indonesia’s Positive Investment List (Daftar Positif Investasi) to find the list of prohibited sectors.Registered Office Address:The address must be in the commercial area.Name of the Company:The name shall consist of 3 words. The words cannot contain the words which have a meaning as Corporation, Company, Limited Liability, Incorporation, or any other name which has a similar meaning. Example of Indonesian company names: PT Tata Boga Indonesia, PT Jaya Success Indonesia. After you select the name, you must check whether the name is available to be used and not similar with other registered Indonesian company.Plan for Minimum Investment and Paid-Up Capital:The amount of money invested by a company’s shareholders is known as a paid up capital. The daily operating costs will subsequently be covered by these paid-up capitals. The Investment Coordinating Board, or BKPM, in Indonesia established a minimum capital requirement of at least IDR 10 billion, or equivalent approximately about USD 700,000. This amount is equivalent to the requirements for a Large Enterprise Local LLC (PT).
Summary
Understanding the intricacies of establishing a Foreign Owned Company Limited Liability Company (PT PMA) in Indonesia is crucial for investors looking to tap into the country’s promising economic prospects. With its youthful population, abundant natural resources, and growing standard of living, Indonesia offers a fertile ground for business growth. However, navigating the legal and regulatory framework, including compliance with the Negative Investment List and understanding the corporate structure requirements, is essential for success.
By grasping the requirements and considerations outlined in this guide, investors can make informed decisions and maximize their chances of establishing a successful presence in Indonesia’s dynamic market. Thus, knowing the ins and outs of setting up a PT PMA is not only important but also imperative for those looking to capitalize on Indonesia’s economic potential and contribute to its ongoing development.
Looking to dive into Indonesia’s vibrant business landscape? Let us assist you in navigating the complexities of setting up your business entity in this dynamic market. Kickstart your entrepreneurial journey today! Click here to begin.
by | Mar 6, 2025 | Business
Trump’s Strategic Crypto Reserve prioritizes XRP, SOL, and ADA over Bitcoin and Ethereum. Discover the reasons behind this bold move, its economic and political implications, and how it impacts the crypto market.
Since his return to the White House, President Donald Trump has taken a new approach to the cryptocurrency industry, focusing on clearer regulations and the establishment of a Strategic Crypto Reserve.
However, what has sparked widespread interest is his preference for certain digital assets—XRP, Solana (SOL), and Cardano (ADA)—over more established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
Why Trump Supports XRP, SOL, and ADA
Ki Young Ju, CEO of CryptoQuant, explains that the Trump administration backs only digital assets that align with U.S. national interests. This strategic selection aims to bolster America’s financial dominance on the global stage.
According to a Zycrypto report, Young Ju noted on the platform X that the crypto industry has become a powerful tool for the U.S. to strengthen its financial influence worldwide.
By supporting these particular assets, the administration seeks to attract foreign capital into the U.S. crypto market, giving the country a competitive advantage.
Trump has instructed the Presidential Working Group to continue developing the Strategic Crypto Reserve with XRP, SOL, and ADA as key assets. Initially, Bitcoin and Ethereum were excluded, but they were later added.
However, Young Ju argues that this inclusion does not necessarily benefit BTC and ETH, as both are considered more neutral on a global scale.
Cryptocurrency as America’s Economic Weapon
Trump’s policy suggests that digital assets aligned with U.S. interests will receive regulatory protection and support. In contrast, neutral or unfavorable assets could face stricter regulations.
This shift is evident in more lenient policies toward projects that align with the administration’s agenda, such as meme coins themed around Trump.
Young Ju remarked, “Now, if something benefits Trump and supports U.S. national interests, it is no longer considered illegal.” This statement underscores the administration’s willingness to back crypto projects that follow government policies.
Community Reactions to Trump’s Crypto Policies
Despite debates about the selection of assets for the Strategic Crypto Reserve, many crypto investors welcome this policy shift. It signifies greater acceptance of the industry in the U.S. and presents opportunities to attract new capital into the market.
Since taking office again, Trump has implemented strategic crypto policies, including establishing a specialized task force to develop clearer regulations.
Some U.S. states are also drafting legislation to create Strategic Bitcoin Reserves, marking a significant shift from previous administrations’ restrictive stance on cryptocurrencies.
Understanding Trump’s Crypto Picks
In a Truth Social post, Trump confirmed that his executive order on digital assets would create a national stockpile of XRP, SOL, and ADA. This announcement surprised many traders, causing a price surge for these tokens.
Later, Trump added Bitcoin and Ethereum to the reserve. Below is a breakdown of the selected cryptocurrencies:
1. XRP
Created by U.S.-based Ripple, XRP is the world’s third-largest cryptocurrency, with $140 billion in circulation and a price of approximately $2.40 per token. Ripple promotes XRP as a faster and cheaper alternative for global fund transfers compared to Bitcoin.
Despite its volatility, XRP has gained regulatory support, with Ripple’s President Monica Long stating that the company’s political action committee (PAC) supports candidates advocating pro-crypto regulations.
2. Solana (SOL)
SOL is the token powering the Solana blockchain, often used for launching meme coins—including Trump’s own cryptocurrency, introduced in January 2025. With $73 billion worth of tokens in circulation, SOL ranks as the sixth-largest cryptocurrency.
However, it has experienced significant volatility, particularly due to its past association with former FTX CEO Sam Bankman-Fried. Despite this, Solana remains a strong Ethereum competitor, especially in the NFT market.
3. Cardano (ADA)
Founded in 2015 by Ethereum co-founder Charles Hoskinson, Cardano (ADA) has $31.4 billion in circulation, making it the eighth-largest cryptocurrency.
ADA experienced a substantial price increase of over 70% following Trump’s announcement. Cardano’s decentralized structure includes five key entities, including the Switzerland-based Cardano Foundation and the for-profit company Emurgo.
4. Bitcoin (BTC)
As the world’s first and most valuable cryptocurrency, Bitcoin has a market cap exceeding $1.7 trillion, accounting for over half of the $3 trillion digital asset market. The SEC’s approval of Bitcoin ETFs in January 2024 and Trump’s pro-crypto stance have contributed to its price surge.
However, Bitcoin’s decentralized nature means it lacks direct political alignment, making its initial omission from the Strategic Crypto Reserve surprising.
5. Ethereum (ETH)
Ethereum powers decentralized finance (DeFi) applications and smart contracts. Founded by Vitalik Buterin, it remains the second-largest cryptocurrency.
Trump-affiliated company World Liberty Financial has issued digital tokens on Ethereum, raising over $500 million. The Ethereum blockchain continues to play a major role in reshaping global finance.
The Political and Economic Implications
Trump’s crypto reserve announcement has generated discussions about his administration’s broader economic strategy. The initial exclusion of Bitcoin raised concerns among BTC proponents who view it as the cornerstone of decentralized finance.
Some analysts argue that prioritizing XRP, SOL, and ADA over Bitcoin and Ethereum could introduce volatility and political risk.
David Sacks, Trump’s Crypto Czar, and Bo Hines, Executive Director of the initiative, have faced criticism for their handling of crypto policy.
Critics point to Trump’s controversial meme coin launches ($TRUMP and $MELANIA) and argue that the administration lacks deep expertise in digital asset regulation.
Potential Risks and Future Developments
The inclusion of relatively illiquid assets like XRP, SOL, and ADA in the Strategic Crypto Reserve could pose financial risks. Bitcoin’s daily trading volume far exceeds that of these tokens, making it the most stable choice for a national reserve.
Solana has experienced periodic network outages, and XRP’s centralized governance has drawn scrutiny.
If any of these tokens collapse, the administration may face political fallout, damaging trust in government-backed crypto policies. The Terra (LUNA) crash in 2022 and the FTX scandal serve as reminders of the volatility and regulatory risks in the digital asset market.
The Road Ahead: Bitcoin’s Rising Influence
Despite the focus on XRP, SOL, and ADA, Bitcoin remains the most dominant digital asset. Trump’s policies, while seemingly favoring certain tokens, have indirectly boosted Bitcoin’s appeal as the most liquid and decentralized cryptocurrency.
Following Trump’s announcement, Bitcoin’s price surged by approximately 7%, adding nearly $100 billion to its market cap.
The upcoming White House Crypto Summit, led by Sacks and Hines, will provide further clarity on the administration’s long-term digital asset strategy. If Trump pivots toward prioritizing Bitcoin’s security and liquidity, the U.S. could emerge as a leader in the digital financial revolution.
Conclusion
Trump’s approach to cryptocurrency represents a paradigm shift in U.S. digital asset policy. While the Strategic Crypto Reserve prioritizes XRP, SOL, and ADA, Bitcoin remains the most significant player in the market.
The administration’s regulatory stance will shape the future of crypto adoption in the U.S., influencing global financial markets. Whether this initiative succeeds or encounters regulatory hurdles remains to be seen, but one thing is clear—cryptocurrency is now firmly on the national agenda.
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