Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
The company is laying off 430 staff – 9 percent of its workforce – to prioritize its core businesses of payments, transport, and food delivery. Southeast Asian on-demand multi-service platform and digital payment technology group Gojek will be shuttering…
Indonesian online furniture retailer Fabelio has raised US$9 million in a Series-C funding round led by Taiwanese venture firm AppWorks. The investment now boosts Fabelio’s total funding above $20 million, with the firm on track to closing the funding round…
Retail sales in Indonesia have fallen by 16.9 percent during the month of April compared to last year, according to government data. The drop is the steepest within the territory in 14 years and is the result of a steady decline in retail sales of a range of…
AirAsia Indonesia will resume flights on June 19 as the country has gradually relaxed rules on large-scale social restrictions, the airline said today. President director of AirAsia Indonesia Veranita Yosephine Sinaga said that preparations for the resumption…
South Korean cosmetic brand Vely Vely is banking on Indonesian YouTube star “Sunnydahye” to increase brand awareness as it launches into Southeast Asia. Sunnydahye is one of the most popular KoLs in Indonesia with more than 1.8 million subscribers on her…
Indonesian ride-hailing operator Gojek and Deliveroo, the food-delivery service, have joined forces in Singapore. Following a change in law allowing taxis to provide food and grocery deliveries – in response to increased demand during the Covid-19 lockdown –…
Talk are ongoing and an agreement could be made in the next few weeks. The insurance arm of the French bank BNP Paribas and Hong Kong insurance group FWD are said to be among the parties that have bid on a significant minority stake in Asuransi BRI Life, the…
Southeast Asian non-franchise grab-and-go beverage retailer Kopi Kenangan has raised US$109 million in Series B funding led by the firm’s existing investor, Sequoia Capital. The funds will help Kopi Kenangan strengthen its operations in Indonesia, launch new…
President Director and CEO Indosat Ooredoo, Ahmad Al-Neama, said, “Building on the growth momentum from 2019, Indosat Ooredoo has delivered a strong performance in Q1’20. We are on track with our 3 years’ turnaround plan and see positive momentum continuing…
It will use the funding raised on technology upgrades, growing its team, and branding to fuel its multi-channel strategy. Indonesia insurtech Qoala has successfully closed a $13.5 million Series A funding round, the largest raised by an Insurtech from…
The two partners will lower the purchase price of the Indonesian bank to 1.63 times Permata’s shareholders’ equity as at March, from 1.77 times the equity. Standard Chartered and partner Astra International have agreed to sell their stake combined 89.1…
Indonesian retail sales declined by 0.8 percent year on year during February. The drop was brought about by a decline in demand for clothing, as well as a blanket downturn in recreational spending, according to the monthly Bank Indonesia survey. The sales…
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new…
Governments across Asia Pacific are being urged to protect more than 320,000 duty-free and travel-retail industry jobs at risk during the coronavirus pandemic. The Asia Pacific Travel Retail Association claims that the jobs in the US$36 billion industry may…
The Indonesian retail sector has begun to shut down in the wake of the coronavirus crisis, with shopping centers and retail chains voluntarily closing the doors to non-essential categories. More than 30 shopping malls have been shut down in the country…
Axa Mandiri Financial Services, one of Indonesia’s major insurance companies, expects to maintain double-digit growth in premium income this year, by tapping into the large customer base of its parent company, Bank Mandiri. Axa Mandiri Financial Services (Axa…
Free background guides on how retail works in this market.
Indonesia
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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