
Jardine Matheson Southeast Asia Posts Mixed Results as S$221 Million Car Exit Refocuses Group
Astra lifted car earnings 8 per cent and financial services grew 6 per cent despite mining slumps and thin Vietnam retail margins.
Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.

Astra lifted car earnings 8 per cent and financial services grew 6 per cent despite mining slumps and thin Vietnam retail margins.

Co-founder Raymond He grew the marketing business into a 50-person agency after starting out at age 10 translating for his father.

Food, beverages and tobacco drove the index higher with a 4.82% annual increase, adding 1.4 percentage points to consumer price growth.

The revised framework scraps the IDR100 minimum share price and mandates five-year projections for IPO applicants.

The transaction includes supply networks and a fuel terminal in Gresik, while the energy major retains its lubricants business.

Halal certification will underpin the Malaysian chain’s overseas rollout.

A surge toward US$15 billion in gross merchandise value puts ByteDance within striking distance of Lazada and Tokopedia across regional markets.

Regulators stepped up scrutiny following an earlier round of questions sent to plantation companies last week.

Local bodybuilder Laksana assembled the 20-seat mid-size vehicles as part of a South Korean development project ahead of wider commercial transit rollouts.

The boutique introduces the region’s first Pillow Talk Beauty Bar inside Plaza Indonesia.

Hardware deployed in Indonesia and Thailand monitors up to 9,000 monthly checkout conversations per store.

The financial watchdog penalised entities linked to the Sinar Mas group and billionaire Prajogo Pangestu following threats of an equity market demotion.

Sustainability and Environment Minister Grace Fu warned that fines and legal charges are under consideration against Sumatra-based pulpwood and timber suppliers.

Rising capital costs, opaque bureaucracy, and scandals in Indonesia compounded the post-pandemic funding retreat.

A 2024 MarkPlus survey found 31.5% of shoppers research goods online before purchasing in stores as Indonesia eases dual-channel retail licensing rules.

First-half revenue rose nearly 30 percent to IDR 3.99 trillion led by gaming, but an IDR 1.74 trillion investment drop pulled the Indonesian tech firm into the red.
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