Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
PT Pertamina through its subsidiary PT Pertamedika that manages Pertamina Central Hospital (RSPP) will soon build a hospital in Saudi Arabia. Energy and Mineral Resource Minister Sudirman Said, after the signing of Cilacap factory development contract with…
Singapore-based investment firm Albizia Capital has increased its ownership in Catur Sentosa Adiprana to help fund business expansion at the Indonesia-listed building materials supplier. In a statement received by the Jakarta Globe on Thursday (19/05),…
Singapore, Indonesia, Cambodia, and Thailand are interested in creating a free trade zone with the Eurasian Economic Union, Russian Deputy Foreign Minister Igor Morgulov said Thursday. “The desire to sign such an agreement has been expressed by a number of…
Jakarta may have hundreds of shopping malls, but the city has a long way to go to compete with global shopping destinations like Singapore or Hong Kong, as its malls lack interconnection. Property consultant firm Savills Indonesia head researcher Anton…
Indonesia and Vietnam are the fastest-growing markets in the Asian beauty industry. According to research from Euromonitor International, Markets of the Future: ASEAN in 2020, the two countries significantly outperform the most obvious contenders, Korea and…
Despite contributions from new outlets, Parkson Retail Asia’s department stores have seen third-quarter group revenue fall by 15.6 per cent to S$98.4 million (US$71.5 million), with a 14.4 per cent drop to S$294.6 million for the nine months of its current…
The Third Sabang Festival is expected to attract 30 thousand tourists to visit Weh Island, Head of Sabang Culture and Tourism Zulfi Purnawati has stated. The festival will be held from May 21 to 25. “In 2015, as many as 20 thousand tourists visited Sabang…
Lotte Group Chairman Shin Dong-bin will meet Indonesian President Joko “Jokowi” Widodo during his three-day state visit to Korea which began Sunday. According to a Lotte official, Sunday, Shin and Widodo will have a meeting at Lotte Hotel in central Seoul…
State-owned oil and gas company Pertamina has lowered the prices of Pertamax gasoline by Rp200-Rp300 per liter effective as of 00:00 on Sunday, 2016. Corporate Communication Vice President of Pertamina Wianda Pusponegoro said in written statement here on…
North Sumatras exports of natural rubber has continued to shrink, down 8.23 percent in volume to 137,826 tons in the first four months of the year from 150,194 tons in the same period in 2015. “The decline in exports was on weak demand and as a result of an…
The state-owned lender Bank Mandiri reported Rp3.8 trillion in net profit in the first quarter of 2016 thanks to increases in net interest income and fee-based income. The countrys largest bank in asset recorded a 19.1 percent in increase in net premium and…
State postal service firm PT Pos Indonesia plans to expand its warehouse facilities from 3 hectares to 3 hectares to improve its logistics services. The land acquisition and development is estimated to cost US$250 million to $300 million. PT Pos Indonesia…
The Indonesian Culinary Fair 2016, dubbed “The Taste of Indonesia,” will be organized at the Shinagawa Prince Hotel, Tokyo, from May 16 to June 16. The organization of the culinary promotion event was in line with the governments policy to intensify culinary…
UberJek, an app-based transport service, has officially started operation on Sunday, May 15. Aris Wahyudi, UberJEK’s co-founder, claims cheaper tariffs compared to its competitors. “Our tariff is different from those of the competitors. Our tariff will…
Thai home-furnishings manufacturer and retailer Index Living Mall has set a strategic plan to open at least one store in a new Asean market every year. The company expects the sales contribution from Asean countries to increase significantly from the 6 to 7…
The government will apply e-planning and e-budgeting systems by 2018, according to National Development Planning Minister Sofyan Djalil. “We will improve the process while drafting the Government Working Plan 2017. This is an initial step in the process of…
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Around 280 million people, thousands of inhabited islands, dominant convenience and warung trade, and import rules that stop first shipments at the port.
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