Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Lippo Group’s new e-commerce unit MatahariMall is embarking on an ambitious expansion plan, aiming for a 20 percent market share of Indonesia’s web-based retail sector by 2020, its chairman said on Wednesday. MatahariMall.com chairman Emirsyah Satar said the…
State-owned Bank Rakyat Indonesia (BRI) will provide syndicated loans as part of a strategy to attract Indonesian companies following the opening of the lender’s branch office in Singapore. The lender will allocate at least US$100 million in the first year to…
Indonesian authorities ordered a fresh shutdown of the airport on the resort island of Bali today, sparking flight cancellations and travel misery for tourists during peak holiday season. Transport ministry spokesman J A Barata said Ngurah Rai airport would…
Bank Rakyat Indonesia (BRI) has launched a floating bank to make banking accessible to people residing in remote islands or coastal areas. The bank which has been named Teras BRI Kapal will currently provide its services to the Thousand Islands regency off…
International information technology players have been piling in. Japanese telecoms group Softbank has made a string of acquisitions across Asia. It invested $250m in the region’s ride-hailing app GrabTaxi at the end of last year. In Indonesia, it invested…
Even though Japan’s convenience store sector faces numerous challenges, the country’s second-largest operator, Lawson, plans to open another 450 stores this year, the company’s CEO has revealed. Genichi Tamatsuka said there are 55,000 convenience stores in…
Retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. The move will be made to restore the company’s disappointing…
Last month, Jakarta celebrated its 488th anniversary. The capital, which was established by Indonesian national hero, Fatahillah, in 1527, is definitely getting old. But despite being home to more than 10 million people, the city never slows down. New…
State-run flag-carrier PT Garuda Indonesia Tbk (GIAA) and China’s CFM International have announced the expansion of their long-term partnership, under which, CFM will provide support for the airline’s future fleet revitalization program. Under the…
PT Bank Mandiri Tbk (BMRI), the largest bank by assets in Indonesia, is planning to tap the growing automotive credit market through a joint venture (JV) with a multifinance firm PT Mandiri Utama Finance (MUF). The bank plans to collaborate with automotive…
The largest mobile operator in Indonesia, PT Telekomunikasi Selular (Telkomsel), unit of state-run telecom operator PT Telkom Indonesia Tbk (TLKM), has joined hands with gadget store operator PT Trikomsel Oke Tbk (TRIO) to launch a device bundling program to…
Taxi operator Blue Bird Group will add the Honda Mobilio multi-purpose vehicle to its fleet in September. Blue Bird public relations manager Teguh Wijayanto said the new taxis would charge the regular fare. “The fare will be the same as the regular taxis,”…
Dairy Farm Indonesia is reviewing the future of its Starmart convenience store chain after closing nearly a third of its stores in the latest half year. The chain has been hit hard by the Indonesian government’s moves to limit the sale of alcohol, banning…
Yokohama Rubber Co. Ltd. is gearing up to participate in the new Gaikindo Indonesia International Auto Show 2015. The event is scheduled for Aug. 20‒30 in South Tangerang, in Indonesia’s BSD City. Yokohama said it will be represented at the show by its…
Prime residential prices on Bali surged 15 per cent last year, the most among comparable destinations tracked by broker Knight Frank LLP. The cost of villas on the Spanish island of Ibiza climbed 5 per cent and those in Italy’s autonomous region of Sardinia…
Indonesia’s hapless government has embarked on a sudden tariff program experts agree will damage its economy and fuel inflation. Having just a month ago reduced taxes on luxury goods to encourage its people to spend more at home and less in overseas…
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