Latest news with #OSS
Straits Times
3 days ago
- Business
- Straits Times
Bali to clamp down on illegal foreign-owned businesses
All travel agencies, including those owned by foreigners, will need to join the local tourism association to ensure better management and oversight. PHOTO: EPA-EFE JAKARTA - Bali Governor I Wayan Koster has formed a special task force to crack down on illegal foreign-owned businesses, following widespread permit violations by foreign investors that are believed to be harming the local economy. According to Mr Koster, the team will consist of local stakeholders and tourism associations and will be tasked with thoroughly auditing tourism business permits in Bali. 'I will also issue a circular that will serve as a legal basis for the Bali Public Order Agency and the Bali Police to take action against businesses that violate their permits,' Mr Koster said on June 1, as reported by Antara. He will also require all travel agencies, including those owned by foreigners, to join the local tourism association to ensure better management and oversight. Mr Koster said the crackdown was essential to protect Bali from 'economic, social and tourism setbacks', arguing that illegal foreign businesses might exacerbate the wealth gap on the island and accelerate the deterioration of the local economy. 'There are numerous challenges facing tourism in Bali, such as traffic congestion, mounting waste issues, illegal villas and rowdy tourists. 'While we are committed to addressing these problems, the root causes must be tackled upstream through stronger regulations and stricter permit enforcement,' he said. Mr Koster stated that in recent years, he has received numerous complaints about an increasing number of micro, small and medium-sized enterprises (MSMEs) i n Bali being operated or controlled by foreign nationals. According to existing regulations, foreign investment businesses must have a minimum capital of 10 billion rupiah (S$791,000) excluding the value of land and buildings, an amount that exceeds the capital of MSMEs. Any investment below that threshold is strictly reserved for domestic direct investment. However, Mr Koster said many foreign investors have been exploiting loopholes in the government's Online Single Submission (OSS) system for business licensing, allowing them to dominate strategic sectors in Bali's tourism industry, even at the micro level. The government launched the OSS system in 2018 to streamline and simplify the business licensing process, allowing business owners to apply for permits through a single integrated online platform instead of navigating multiple state institutions. However, oversight of the system has been relatively lax, leading to various violations in the field. For example, there have been numerous reports of foreign nationals using the identities of local Bali residents to register their MSMEs through the OSS system. Mr Koster revealed that more than 400 car rental and tour businesses in Badung Regency, a major tourism hub in Bali, are owned by foreign nationals. 'Most of these businesses don't even have a physical office in Bali, and their owners are not based here. This is unacceptable. Bali cannot be treated as a free trade zone at the expense of its own people,' he said. In November 2024, National Economic Council chairman Luhut Pandjaitan stated that President Prabowo Subianto had instructed his aides to closely monitor foreign companies operating in Bali and to implement stricter regulations. 'Violations of business permits by foreign investors are a serious problem that have created unfair competition and significantly harmed local businesses,' he said. Overtourism and overdevelopment have become serious issues in Bali as tourism returns to the island following the Covid-19 pandemic. Reports of rowdy tourists violating local customs and unlicensed businesses competing unfairly with locals have become increasingly common in recent years. Earlier in June, the Bali chapter of the Indonesian Hotel and Restaurant Association reported an approximate 20 per cent decrease in hotel occupancy rates, despite the rising number of tourists visiting the island. The association attributed this trend to travelers increasingly choosing 'illegal accommodations', such as unlicensed luxury kos-kosan (boarding houses) and villas. In January and February, Indonesian immigration authorities detained 312 foreign nationals in Bali for visa violations related to problematic foreign investments. A few months earlier, the authorities revoked the business permits of 267 foreign companies for failing to meet the 10 billion rupiah capital requirement. THE JAKARTA POST/ASIA NEWS NETWORK Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
3 days ago
- Business
- The Star
Bali to clamp down on illegal foreign-owned businesses
DENPASAR: Bali Governor I Wayan Koster has formed a special task force to crack down on illegal foreign-owned businesses, following widespread permit violations by foreign investors that are believed to be harming the local economy. According to Koster, the team will consist of local stakeholders and tourism associations and will be tasked with thoroughly auditing tourism business permits in Bali. "I will also issue a circular that will serve as a legal basis for the Bali Public Order Agency [Satpol PP] and the Bali Police to take action against businesses that violate their permits," Koster said on Sunday (June 1), as reported by Antara. He will also require all travel agencies, including those owned by foreigners, to join the local tourism association to ensure better management and oversight. Koster said the crackdown was essential to protect Bali from 'economic, social and tourism setbacks', arguing that illegal foreign businesses might exacerbate the wealth gap on the island and accelerate the deterioration of the local economy. 'There are numerous challenges facing tourism in Bali, such as traffic congestion, mounting waste issues, illegal villas and rowdy tourists. While we are committed to addressing these problems, the root causes must be tackled upstream through stronger regulations and stricter permit enforcement,' he said. Koster stated that in recent years, he has received numerous complaints about an increasing number of micro, small and medium enterprises (MSMEs) in Bali being operated or controlled by foreign nationals. According to existing regulations, foreign investment (PMA) businesses must have a minimum capital of Rp 10 billion (US$613,000), excluding the value of land and buildings, an amount that exceeds the capital of MSMEs. Any investment below that threshold is strictly reserved for domestic direct investment (PMDN). However, Koster said many foreign investors have been exploiting loopholes in the government's Online Single Submission (OSS) system for business licensing, allowing them to dominate strategic sectors in Bali's tourism industry, even at the micro level. The government launched the OSS system in 2018 to streamline and simplify the business licensing process, allowing business owners to apply for permits through a single integrated online platform instead of navigating multiple state institutions. However, oversight of the system has been relatively lax, leading to various violations in the field. For example, there have been numerous reports of foreign nationals using the identities of local Bali residents to register their MSMEs through the OSS system. Governor Koster revealed that more than 400 car rental and tour businesses in Badung Regency, a major tourism hub in Bali, are owned by foreign nationals. 'Most of these businesses don't even have a physical office in Bali, and their owners are not based here. This is unacceptable. Bali cannot be treated as a free trade zone at the expense of its own people,' he said. In November, National Economic Council (DEN) chairman Luhut Pandjaitan stated that President Prabowo Subianto had instructed his aides to closely monitor foreign companies operating in Bali and to implement stricter regulations. "Violations of business permits by foreign investors are a serious problem that have created unfair competition and significantly harmed local businesses,' he said. Overtourism and overdevelopment have become serious issues in Bali as tourism returns to the island following the Covid-19 pandemic. Reports of rowdy tourists violating local customs and unlicensed businesses competing unfairly with locals have become increasingly common in recent years. Earlier this month, the Bali chapter of the Indonesian Hotel and Restaurant Association (PHRI) reported an approximate 20 per cent decrease in hotel occupancy rates, despite the rising number of tourists visiting the island. The association attributed this trend to travelers increasingly choosing 'illegal accommodations', such as unlicensed luxury kos-kosan (boarding houses) and villas. In January and February, Indonesian immigration authorities detained 312 foreign nationals in Bali for visa violations related to problematic foreign investments. A few months earlier, authorities revoked the business permits of 267 foreign companies for failing to meet the Rp 10 billion capital requirement. - The Jakarta Post/ANN
Yahoo
4 days ago
- Business
- Yahoo
BlueVoyant Unveils New SBOM Capabilities as Part of Its Leading Third-Party Cyber Risk Management Solution
BlueVoyant's new Software Bill of Materials (SBOM) management offering, powered by SBOM leader Manifest, enables organizations to efficiently analyze and reduce third-party risks from commercial software NEW YORK, June 3, 2025 /PRNewswire/ -- BlueVoyant, the leader in integrated cybersecurity, today launched its Software Bill of Materials (SBOM) management offering, which helps organizations reduce risk related to software by automating the ingestion, analysis, and tracking of software component information from third-party software vendors. The latest advancements enhance Supply Chain Defense, BlueVoyant's next-generation third-party cyber risk management solution that continuously monitors suppliers, vendors, and other third parties, and then works with them to quickly remediate threats. BlueVoyant's SBOM solution is powered through a partnership with Manifest, a cybersecurity company that specializes in securing software supply chains for corporate and government entities. More than 85% of applications contain at least one software vulnerability, according to the Open Source Software Risk Analysis (OSSRA) Report. Yet, many organizations lack visibility into software design or an efficient way to assess and manage third-party SBOM information, which can leave them open to breaches, business interruption, and regulatory compliance issues. As a result, organizations are looking for solutions. By leveraging the BlueVoyant-Manifest SBOM solution, security teams can proactively gain deep insights into software risk exposure and other dependencies that their businesses may rely on. "By combining Manifest's depth of experience in SBOM with BlueVoyant's holistic Supply Chain Defense, clients get continuous monitoring and remediation to solve their biggest third-party cybersecurity challenges," said Marc Frankel, CEO and co-founder of Manifest. The key benefits to utilizing SBOM for third-party risk are: Vendor risk management: Automatically solicit SBOMs from vendors, see intuitive risk levels for vendor products, and incorporate them into comprehensive third-party cyber risk management Smarter vulnerability management: Prioritize vulnerabilities quickly, and triage issues to reduce false positives and avoid unnecessary mitigation work Open Source Software (OSS) risk management: Create an enterprise-wide inventory of OSS across first and third-party products, and scan OSS repositories to assess risk before implementing them Simplified compliance: Easily demonstrate compliance and provide evidence for international regulations and standards such as R155, Executive Order 14028, Section 524B, the European Cyber Resilience Act, and the EU's NIS2 and DORA "Organizations in the private and public sectors are realizing that SBOM visibility is a crucial part of a proactive third-party cyber risk management program," said Joel Molinoff, global head of Supply Chain Defense at BlueVoyant. "By enhancing BlueVoyant's Supply Chain Defense with Manifest's SBOM capabilities, our clients are expanding their risk visibility deeper into the software supply chain and ensuring continuous monitoring and remediation of critical threats." BlueVoyant's Supply Chain Defense has garnered multiple industry awards. This year it was named a winner in the Cybersecurity Excellence Awards for Supply Chain and a finalist in the SC Awards for Best Supply Chain Security. Additionally, BlueVoyant was recognized in the 2025 Gartner® Market Guide for Third-Party Risk Management Technology Solutions published May 2025 by Antonia Donaldson, Luke Ellery, et al. Supply Chain Defense is part of the BlueVoyant Cyber Defense Platform, which provides holistic cyber defense by helping clients to detect, investigate, and mitigate threats from internal, external, and third-party ecosystems in one cloud-native platform. Find more information about BlueVoyant's SBOM solution here. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About BlueVoyant BlueVoyant delivers a comprehensive cloud-native security operations platform that provides real-time threat monitoring for networks, endpoints, and supply chains, extending to the clear, deep, and dark web. The platform integrates advanced AI technology with expert human insight to offer extensive protection and swift threat mitigation, ensuring enterprise cybersecurity. Trusted by more than 1,000 clients globally, and the 2024 Microsoft Worldwide Security Partner of the Year, BlueVoyant sets the standard for modern cyber defense solutions. BlueVoyant Press Contact: Jennifer Schlesinger About ManifestManifest is a cybersecurity company that reduces software supply chain risk through its software bills of materials (SBOM) and AI Bill of Materials (AIBOM) management platform. By automatically generating, managing, and analyzing an organization's BOMs, Manifest instantly finds vulnerabilities embedded in the software they build and buy and provides proactive alerts before an organization even knows there's an issue. Founded in 2022 by former employees of Palantir, DoD, and DHS CISA, Manifest quantifies third-party risk in software supply chains. 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Yahoo
27-05-2025
- Business
- Yahoo
Quansight Transitions to a Public Benefit Corporation (PBC), Reinforcing Commitment to Sustainable Open-Source Software
The new structure ensures long-term support for critical open-source projects while aligning profit with purpose. AUSTIN, Texas, May 27, 2025--(BUSINESS WIRE)--Quansight, a leader in open-source scientific computing and data science, today announced its formal transition from a Limited Liability Company (LLC) to a Public Benefit Corporation (PBC). This legal and structural shift reinforces Quansight's mission to make open-source software (OSS) accessible, sustainable, and community-driven, ensuring that the tools and infrastructure powering global innovation are robust, secure, and accessible. Building on the foundations established at Quansight's not-for-profit Labs division, Quansight PBC will deepen collaboration with companies, governments, and all organizations to sustain OSS infrastructure and tools, particularly in scientific computing and data science. "Transitioning to a Public Benefit Corporation is a natural evolution of our mission at Quansight. For years, we've worked to bridge the gap between open-source communities and the organizations that rely on them. This new structure formalizes our commitment to aligning business success with the long-term sustainability of open-source infrastructure. It ensures that our decisions prioritize the health of the ecosystem, the well-being of maintainers, and the needs of the broader community." Ralf Gommers, Quansight PBC CEO, Technology, SciPy/NumPy Maintainer, Array API Standard Creator A New Chapter: Profit with Purpose By becoming a PBC, we have codified our mission into our charter: "To work with companies, governments, and organizations of all kinds to support making open source software and infrastructure accessible, sustainable, and community-driven to advance discovery and innovation." As such, our corporate decisions must align with that mission and balance the interests of our primary stakeholders: community members, customers, employees, and shareholders. As a PBC, Quansight commits to: Prioritizing public benefit alongside financial returns, as highlighted in its charter. Scaling support for OSS maintainers, projects, and communities. Collaborating with industry leaders to ensure corporate reliance on OSS translates into sustainable backing. Continue championing our core values of collaboration, equity, transparency, and inclusiveness. "By becoming a Public Benefit Corporation, we're reinforcing our commitment to equitable, inclusive, and community-driven innovation and open source development. It will also allow us to scale our impact and work with more organizations towards building a sustainable open source ecosystem where maintainers thrive, open infrastructure is robust and secure, and open source is a collective responsibility." Tania Allard, Quansight PBC CEO, Impact, PSF board vice chair, Jupyter Distinguished Contributor, conda and conda-forge steering council member. Why This Matters Open-source software is the backbone of modern discovery—from AI to healthcare—yet its maintenance is often underfunded and undervalued, with critical projects relying on volunteer efforts. Quansight PBC addresses this by: Monetizing expertise through mission-aligned consulting and training services. Advocating for ethical corporate sponsorship and participation in OSS by actively engaging and collaborating with corporate organizations. Sustaining open source projects and communities, and securing grants to fund OSS. Creating opportunities for new contributors through its OSS internship program. Supporting underserved community OSS projects through an Open Source Fund. "Quansight was founded with the goal of connecting open source communities and organizations that rely on them. We have long stood for both business and community success, believing that open source software should be nurtured and elevated as a public good. Becoming a Public Benefit Corporation embeds that belief into our legal DNA. It empowers Quansight PBC to lead with purpose, to collaborate across industry and academia, and to ensure that open source remains sustainable for the long haul. This transition isn't a change in direction—it's a deeper commitment to and expansion of the values we've held from day one." Travis Oliphant, Quansight, OpenTeams and Anaconda Founder, NumPy, SciPy, and Numba Creator. About Quansight PBC Quansight is a Public Benefit Corporation dedicated to sustaining open-source software for scientific and societal advancement. It supports projects like NumPy, pandas, and Jupyter through consulting, training, and community-driven development, ensuring they remain accessible and community-driven. Visit to learn more and explore our initiatives in the Quansight Labs Annual Report (2024). View source version on Contacts Rich MyersRMyers@ Sign in to access your portfolio
Telegraph
20-05-2025
- Telegraph
The golden rules of safe (and responsible) open-water swimming
Whether it's the sea, a river, lake, tidal pool, tarn, waterfall, pond or reservoir, more Britons than ever are enjoying the benefits of wild swimming. According to the Outdoor Swimming Society (OSS), 7.5 million people have turned to the open water since the pandemic. But what actually is open water swimming? Firstly, don't be intimidated by the words 'open water'. Anyone swimming outside of the controlled environment of a swimming pool – which is confined, life-guarded (in the UK) and filled with water that is monitored for quality – is engaging in open-water, or wild, swimming. The experience is as much about communing with nature as it is about exercise. There might be a sunrise or a sunset, geese in formation, a murmuration of starlings, or a kingfisher on a riverside perch. In colder months, when our instinct is to hibernate, a cold-water dip feels like cheating at winter. An open-water 'swim' might mean a plunge or a quick bob. Open-water swimming is one of the most inclusive activities to try. It is free, low impact, needs little to no equipment and can be a solo or a communal experience shared by swimmers of all ages. Outdoor swimming does carry an element of risk though, given the unknown perils of any body of water. The good news is it's easier than ever to arm yourself with the knowledge and technology to reduce risks. Here are some tips and techniques to help you stay safe in the water.
