Indonesia’s e-commerce firm Blibli is looking to raise US$528 million during its IPO debut next month, the company said in its prospectus. The company said it plans to sell 17.7 billion shares through the listing at a price range between $0.027 and $0.03,…
AirAsia Malaysia (AK) continues to resume services to Indonesia by adding flights to Banda Aceh, Padang and Pekanbaru from Kuala Lumpur since 1 October 2022. In addition, the airline will launch flights from Penang to Denpasar in Bali starting on 20 October…
Indonesia raised subsidised fuel prices by about 30% on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests. The price of subsidized gasoline was raised to 10,000 rupiah ($67 U.S. cents) a litre from 7,650 rupiah,…
PT GoTo Gojek Tokopedia – whose businesses straddle e-commerce, on-demand apps and finance – saw its losses between January and June more than double from the same period the previous year. “2022 has been a volatile year in our market and the macro conditions…
Indonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said on Monday. The move comes amid reports that the…
Google has announced that it is planning to expand its cloud services in more countries in the Asia Pacific, including Malaysia and Thailand. The company said in a statement that the move is to meet the growing demand for cloud services in the region.Google…
The store people have been impatiently waiting has finally arrived. The go-to IT fashion brand, Claude, has officially opened its first brick-and-mortar store at Takashimaya Shopping Centre, Singapore on July 29th, 2022. As it always go with Claude, they…
Mitsubishi Motors plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025, the country’s chief economics minister said on Tuesday. Airlangga Hartarto in a statement said the Japanese company had invested 11.3 trillion…
Starbucks Thailand has announced an expansion strategy, which calls for opening 30 new coffee shops in Thailand every year until 2024 – 90 in all – according to Bangkok Post. The company claims to be prepared to expand again this year, after sales improved…
Indonesia’s smartphone market had a muted start in 2022, declining 17.3% year over year (YoY) and 13.1% quarter over quarter (QoQ) and reaching 8.9 million units in 1Q22, according to a report by International Data Corporation’s (IDC). Lower consumer buying…
Indonesian made-to-order beverage chain Haus! has completed its series B1 funding round to grow its 197-store footprint in Indonesia and develop an app for its customers. Led by Atlas Global Ventures, Hong Kong-based Strategic Holdings and Prasetia Dwidharma,…
Kacific Broadband Satellites Group, along with local partners PT Bis Data Indonesia (BIGNET) and PT Primacom Interbuana (PRIMACOM), has completed the deployment of over 2,500 sites, in a record five month timeframe, to provide satellite internet access to…
Budget carrier Cebu Pacific recently announced that it is resuming to key international destinations in a bid to boost its frequencies in overseas routes. As more countries ease travel restrictions, the airline said it is resuming flights to Bali, Indonesia;…
Singtel and its Indonesian partner Telkom, the parent company of Singtel’s regional associate Telkomsel, have signed two memoranda of understanding (MOU) which was witnessed by Indonesia’s minister of state-owned enterprises Erick Thohir and vice minister of…
Singtel and its Indonesian partner Telkom, the parent company of Singtel’s regional associate Telkomsel, have signed two memoranda of understanding (MOU) which was witnessed by Indonesia’s minister of state-owned enterprises Erick Thohir and vice minister of…
Shares of GoTo soared as much as 23 percent in their market debut on Monday after Indonesia’s largest tech company raised $1.1bn in a widely anticipated IPO, setting the mood for other tech offerings. GoTo shares climbed to as much as 416 rupiah ($0.029)…
Retail Academy: Indonesia
Free background guides on how retail works in this market.
Around 280 million people, thousands of inhabited islands, dominant convenience and warung trade, and import rules that stop first shipments at the port.
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Indonesia.
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