Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Indonesian retail sales grew at their fastest rate in five months, according to government data. Growth levels are currently at 3.6 percent, the highest increase over last year’s figures in five months. Growth for the previous month stood at just 0.7 percent.…
Axiata Group posted revenue of MYR 6.2 billion for the third quarter of 2019 (3Q19), which represents an increase of 3.5 percent year-on-year. EBITDA jumped 29 percent to MYR 2.8 billion, boosted by revenue growth as well as the group’s cost reduction…
Toyota Motor Corp. plans to invest $2 billion to develop electric vehicles in Indonesia over the next four years, starting with hybrid vehicles, Indonesia’s coordinating minister for maritime affairs said. “From 2019 to 2023, we will progressively increase…
Indonesian coffee chain Fore Coffee is plotting an aggressive expansion plan that will make it the largest coffee operator in the country. Fore Coffee says it has partnered with hotel operator Airy to open 1000 new locations at the latter’s hotels across…
Indonesian convenience-store chain Alfamart plans to open 100 new stores in the Philippines by year end. Since opening its first Philippine store in 2014, Alfamart has grown its store network to around 600 stores, which are operated by its local partner SM…
Citibank NA Indonesia posted a net profit of 2.4 trillion Rupiah ($170.51 million) in the first nine months of the year, a 70 percent jump from the same period last year despite lower loan disbursements. The increase in profit was driven by increases in the…
Bali, a beloved destination for tourists and popular amongst Australians has been setting up the coffee scene with Starbucks opening its largest Southeast Asian location at 20,000 sq ft earlier this year. Now, Kyoto-based coffee chain % Arabica has announced…
Japanese streetwear and sneaker retailer Atmos has announced it is opening its first store in Indonesia later this year. The announcement was made during Urban Sneaker Society, an event held last weekend for streetwear and sneaker enthusiasts. Atmos Indonesia…
September Indonesia retail sales rose 0.7 percent year on year. Real Sales Index of Bank Indonesia showed that the country’s retail sales maintained positive growth despite falling 1.1 percent in August. Most of the growth was driven by sales of automotive…
Toyota Motor plans to invest $2 billion to develop electric vehicles in Indonesia over the next four years, starting with hybrid vehicles, Indonesia’s coordinating ministry for maritime affairs said. “From 2019 to 2023, we will progressively increase our…
Private equity firm Everstone Capital may withdraw from its involvement in Sari Burger Indonesia (SBI), the country’s master franchise owner of Burger King. A DealStreetAsia report revealed the firm has been speaking with banks and advisers over the course of…
Indonesia AirAsia (IAA) has named Veranita Yosephine as its new chief executive. IAA parent AirAsia Indonesia states in a stock exchange disclosure that Yosephine succeeds Dendy Kurniawan, who is now the president commissioner on its board of commissioners.…
Gojek CEO and founder Nadiem Makarim said on Monday he had resigned from the ride-hailing and payments company to join the cabinet of Indonesian President Joko Widodo. “I have received a big honor to be able to join the cabinet,” Makarim told reporters at the…
From the verification in Telkomsel’s live network, the solution increases the mobile broadband cell edge user experience significantly. The application of spectrum cloudification technology increases the LTE user downlink speed throughput by 116% from 50Mbps…
Low-cost carrier AirAsia commenced flights from Jakarta to Belitung, Bangka Belitung, on Tuesday as well as from Kuala Lumpur, Malaysia, to Belitung on Wednesday. The inauguration ceremony on Wednesday was marked by handing out flowers and souvenirs to…
AirAsia launched new services from Kuala Lumpur and Jakarta to the island of Belitung in Indonesia this week. The new four weekly services from Kuala Lumpur will support the Indonesian government’s agenda to develop ’10 New Bali’ destinations. It follows the…
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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Indonesia
Segments, digital behaviour, price sensitivity and the buying patterns that shape assortment and promotion in Indonesia.
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Indonesia
How last-mile delivery works in Indonesia, what drives cost per drop, and how to set a service promise you can keep.
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Indonesia
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Indonesia.
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