Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Elevenia just raised another $50 million from its existing investors. The ecommerce marketplace is a joint venture of South Korean company SK Planet and Indonesian telco XL Axiata. Elevenia launched in Indonesia in early 2014 with an initial capital of $18.3…
The layout of Garuda Indonesia’s new Business Class with Super Diamond Seats is unveiled in this Garuda photo. The Airbus A330-300 is configured with 24 Business Class seats and 263 Economy Class seats. Garuda Indonesia has unveiled its new Business Class…
President Joko Widodo has called on his officials to expedite the development of Indonesias tourism sector in 2016 in a bid to boost the countrys economic growth. President Widodo noted in his opening remarks during a limited meeting held to discuss the Lake…
With demand from Hong Kong, Brunei and Malaysia, Indonesian fashion brand Berrybenka is taking steps to beef up its eCommerce services. It will also be opening more pop-up stores outside Jakarta, its main stronghold, The Jakarta Postreports. CEO Jason Lamuda…
Courts Indonesia has opened its second megastore – inside BSD City, about 42 km west of Jakarta. The new store is part of a strategy by Singapore-listed Courts Asia to expand its footprint beyond its core Singapore and Malaysia markets. Billed as the largest…
The Indonesian government is operating a marine vessel power plant (MVVP) called Zeynep Sultan to deal with electrical power deficit in North Sulawesi province. “The presence of this vessel is part of the governments attention to the current electrical power…
Indonesia may be attracting almost double the number of global tourists than India but visitors from here are few and the southeast Asian country has decided to grant free visas to Indians to attract more travelers from India which is a “big market” for them.…
The company of former president BJ Habibie, who ruled Indonesia from 1998-1999, is set to built luxury apartments worth a total of US$1 billion (S$1.42 billion) in Batam. The project, which features 11 towers of apartments, offices, hotel rooms and a hospital…
About 10 percent of 450 apartments and Small Office Home Office (SOHO) developed by Operational Cooperation (KSO) PT Darmo Permai and PT Waskita Karya in the 88 Avenue Surabaya Project had been purchased by expatriates. KSO Wskita Darmo Permai managing…
Frost & Sullivan today honored Indonesia’s best Automotive companies at the 2016 Frost & Sullivan Indonesia Automotive Awards, held in Jakarta. Now in its 9th year, the Indonesia Awards program has identified many outstanding companies in Indonesia across…
Bank Indonesia (BI), Indonesias central bank, had estimated the economy to grow by 4.8 percent in 2015, slightly higher than the Finance Ministrys forecast of 4.74 percent. “The central bank had estimated a 4.8 percent growth throughout 2015,” BIs Deputy…
The Asian Development Bank (ADB) has offered a new loan scheme to the Indonesian government, and currently, both parties are still reviewing the potential financing that can be availed through it. Development Financing Deputy of the Indonesian National…
Diversified technology company PT 3M Indonesia aims to gain a bigger market share by targeting specific markets to better meet demand from various industries. The company, whose market share is now less than 5 percent, did not disclose its market share growth…
Operators in Indonesia have been warned by the country’s telecoms minister that their licences could be revoked unless they consolidate or improve their build-out efforts. Minister Rudiantara – who follows the Indonesian tradition of using a single name – has…
State-owned Bank BNI Syariah is determined to attract more strategic investors this year as part of its efforts to increase capital, according to its President Director Dinno Indiano. The Bank BNI Syariah has opened itself to investors over the past three…
Development of rail track between Jakarta’s Manggarai railway station and Soekarno Hatta airport is expected to be completed in 2017. “We already coordinated with PT Railink. It is to be completed in February 2017,” President director of the state owned…
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