AIA Group joins a club of high-profile investors to participate in the ride-hailing and payments company’s latest funding round. The Indonesian unit of AIA Group, AIA Financial, has invested in Indonesia’s Gojek as part of the latter’s Series F fundraising…
Grab is looking to gain pole position in Indonesia’s budding digital payment market, reportedly exploring a merger between two major players – a local entity it owns and another one backed by China’s Ant Financial. A merger between Grab-backed ONO and…
A new online registration system has been introduced by Indonesia’s financial regulator to monitor and further encourage the growth of fintech development in the country. The Financial Services Authority (OJK) launched the «Electronic Gateway for Digital…
Indonesia’s economy is projected to be three times the size of Australia’s by 2030 – and the GDP of the world’s most-populous Muslim population will rise from $3.2 trillion to $10.1 trillion by the same year*. Those figures are driving top international…
Indonesia’s decision to relocate its capital from Jakarta to eastern Borneo is already attracting speculators and inflating land prices, according to a local industry body, which is urging President Joko Widodo to take measures to differentiate between pure…
Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday. Details of the stake were not known and the source did not want to be identified as the…
Japanese clothing retailer Uniqlo in Indonesia is set to launch new outlets in Batam, as well as Jakarta and Bekasi next month. The Batam store, opening in the Grand Batam mall in Penuin, Lubuk Baja, will be the first Uniqlo in Indonesia to be located in the…
AirAsia has launched a new route connecting Kuala Lumpur to Belitung, an island off the east coast of Sumatra, Indonesia. In a statement today, AirAsia said its four times weekly direct service will commence on Oct 2, 2019. AirAsia regional commercial head…
Newly elected Papua New Guinea Prime Minister James Marape announced the launch of a full investigation to confirm if the government had violated its own rules regarding a 1.2 billion Australian dollar UBS loan. The Swiss bank extended the loan (now valued at…
Retail sales in Indonesia declined 1.8 percent in June, compared with an annual growth rate of 7.7 percent a month earlier, a central bank survey showed on Thursday. The last decline from a year earlier was in January last year when retail sales also dropped…
Halal-certified parenting-product firm Mama’s Choice has launched in Indonesia. The business has been founded by a group of young mothers along with parenting influencer Rahne Putri, teaming up with former Lazada Indonesia Co-CEO Duri Granziol. It was…
AirAsia won for the 11th time at the prestigious Skytrax World Airline Awards as the world’s best low-cost airline during the Paris Air Show in Le Bourget, Paris, France, in the middle of June 2019. But despite the awards, it has never let itself get…
The export financing sustainability-linked loan is the first of its kind in Indonesia. DBS Bank Indonesia has signed a sustainability-linked export financing loan with wooden door manufacturer PT Sumatera Timberindo Industry (STI), the bank said in a press…
Low-cost carrier AirAsia is launching three new routes for direct flights from Jakarta to Sorong, West Papua; Lombok, West Nusa Tenggara; and Semarang, Central Java. These flights will start operating on Sept. 1 using the Airbus A320 plane with a 180 seat…
Digital-payments company Visa has invested an undisclosed amount into Southeast Asian ride-sharing and services startup Go-Jek giving it a foothold in the company’s payments platform. The two companies say they will work together to provide greater options…
Indonesian coffee chain Wake Cup Coffee & Eatery has launched in Mumbai. The franchise opens in India in partnership with local franchisee Gobble Me Good, its first international location after opening 13 outlets back home. The firm is the newest player in…
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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