PT Garuda Indoanesia Tbk. plans to open new routes to France and Germany this year to boost its income, Finance Director I.G.N. Askhara Dananiputra stated here on Tuesday. He noted that the routes would become operational between the second and third quarter…
Erajaya Swasembada, a listed handset device distributor, is set to launch operations on its assembly plant in East Jakarta by August as part of the company’s plan to start producing mobile phones in a bid to reduce costs from imports amid a projection of…
Indonesia is planning to impose a higher luxury tax for imported retail goods in its latest attempt to dampen domestic consumption in Southeast Asia’s biggest economy, an official at the finance ministry said today. The G20 economy has been struggling to…
Lippo Group, one among Indonesia’s largest enterprise conglomerates, has appointed Rudy Ramawy, former nation director for Google Indonesia, as vice chairman of its e-commerce unit MatahariMall.com. Rudy served as director of Google Indonesia from January…
Matahari Putra Prima — the operator of Hypermart, Foodmart and the Boston Well being & Magnificence retail chain — posted 60 % achieve in revenue within the first quarter, because of regular progress in gross sales. Internet revenue rose to Rp 81.6 billion…
Indonesia’s unemployment price elevated in February, in response to the newest knowledge from the Central Statistics Company, or BPS, amid slower financial progress. BPS’s February 2015 knowledge, launched on Tuesday, confirmed there have been 7.45 million…
Sumber Alfaria Trijaya — the operator of Alfamart, Alfamidi, Alfa Express, and Lawson minimarkets — plans to raise Rp 2.5 trillion ($193 million) from selling bonds to the public and from the sale of new shares to affiliated companies, in order to pay back…
Funding strains among Indonesian banks is likely to persist this year, undermining the industry’s profitability and growth ahead, according to credit rating agency Standard & Poor’s. In a report released last Thursday, S&P estimates lending growth in…
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L’Oréal has named ‘Bisnis.com’, a team from the University of Indonesia as the national winner of its’ Brandstorm competition for their ‘Absolute Jetset’ concept for the Lancôme brand. Brandstorm is L’Oréal’s business competition for students to unleash their…
Lippo Cikarang, an industrial estate developer, held the fourth annual Japanese culture festival Sakura Matsuri, in Maxx Boxx Orange County, an integrated area of commercial and residential development in Cikarang industrial park in West Java. The two-day…
Five investors are interested in acquiring an 80 percent stake in the Jakarta Outer Ring Road (JORR) II project from Thiess Contractors Indonesia after the company was unable to work on the concession due to financial difficulty. State-controlled toll-road…
Indonesia’s manufacturing activity shrank for the seventh straight month in April as export orders continued to decline and domestic demand remained weak, an HSBC Markit survey showed on Monday. The purchasing manager’s index (PMI) rose slightly to 46.7 in…
Internux, the company behind Bolt! 4G mobile broadband service, is suing Cumi Laut Software Development, a local shop, for allegedly providing unlocking services for the company’s modem devices. Bolt!, which is the first 4G mobile broadband provider in…
Net income at Matahari Department Store, Indonesia’s biggest department store chain, rose by half in the first quarter, on the back of robust sales growth. The company booked Rp 185 billion in profit in the January-March period, up 50 percent from Rp 123…
The consortium of submarine cable communication system by the Southeast Asia-United States (SEA-US), which consist of global telecommunications company, announced the commencement of construction of the submarine cable projects that directly connects…
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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