TheJakartaPost
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Indonesia’s efforts to strengthen trade ties with the United States have hit an unexpected roadblock, centered on the country’s QR code-based payment system—Quick Response Indonesia Standard (QRIS). The U.S. government has classified QRIS as a trade barrier, arguing that it has curtailed the dominance of Visa and Mastercard in Indonesia’s payment ecosystem, where both companies had expanded prior to QRIS’s launch in 2019.
As an international bank with highly extensive experience in facilitating commerce, HSBC is offering Omni Collect to help streamline domestic payment and collections amid the flourishing digital economy in Southeast Asia.
Leading palm oil producer Asian Agri has expressed its appreciation for its smallholder scheme partners in Jambi and across Riau province by distributing premium payments from the sale of certified sustainable palm oil for 2023.
The move piles pressure on global tech giants such as Facebook-owner Meta Platforms and Alphabet's Google to pay publishers for content or face the risk of paying millions to continue operations in Australia. The rule to affect tech firms with local revenue over A$250 million.
The Online Streaming Act, passed in 2023, created a legal framework to regulate digital platforms and oblige them to contribute financially to the creation, production and distribution of Canadian content, such as TV shows, as well as its promotion.
