Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Indonesia’s foreign exchange reserves slipped around $400 million in August to $117.9 billion, Bank Indonesia said last Friday, partly because of the central bank’s intervention to defend the rupiah. The rupiah has lost around 9 percent of its value so far…
Indonesia’s property sector will continue to face headwinds next year amid the usual uncertainties associated with an election year, a declining rupiah and rising interest rates, global credit rating agency Moody’s Investors Service said. In a report titled…
Pertamina is expected to post its lowest first-half profit in four years for 2018, an official said, with the state energy company squeezed by government fuel polices, higher oil prices and a 9 percent slide in the rupiah. Net profit at Pertamina is expected…
Indonesia’s annual inflation rate picked up slightly in August but was below market expectation and remained within the central bank’s target range, statistics bureau data showed on Monday. Consumer prices rose 3.20 percent in August from a year earlier,…
Java Mountain Coffee, a Jakarta-based social enterprise advocating for sustainable coffee farming, has called on the hospitality industry in Bali to avoid using plastic and aluminum coffee capsules in a bid to reduce pollution. Coffee capsule usage has grown…
Indonesia is bracing for prolonged pressure on the rupiah amid souring emerging market sentiment exacerbated by Argentina’s economic woes, Finance Minister Sri Mulyani Indrawati said on Monday (03/09), as the local currency plumbed its weakest levels since…
For platforms that boast superior debtor risk assessments and aim to compete with conventional banks, online peer-to-peer lending services have so far fell short of their promises. These services currently offer annual interest rates of 19 percent on average…
The Lippo Group handed the first 863 apartments in its Meikarta megaproject in Cikarang, Bekasi, West Java, over to their new owners on Saturday, signifying the conglomerate’s success in meeting its commitments. Lippo Cikarang, the group’s property developer…
Online sales of physical goods in Indonesia are projected to increase more than eightfold to $65 billion annually by 2020, a study by global business consultancy McKinsey & Company shows. The report titled, “The digital archipelago: How online commerce is…
Indonesia will partner with Alibaba chief executive Jack Ma to look into ways to use of the e-commerce giant’s ecosystem to increase its exports, particularly to China, Communications Minister Rudiantara said on Sunday. “We are also discussing how to work…
Japanese apparel retailer Uniqlo has announced plans to open its first store in Bali this year. The new store will be located at Mal Bali Galeria in the heart of Kuta city centre on Bali island. It will feature a total sales area of nearly 2000sqm. Satoshi…
Group Bhd wants CAE to train about 400 cadet pilots to support its growth in the various markets it operates over the next five years. The first batch of cadet pilots will begin training in the second half of the year for a 18-month competency-based…
Grab will invest US$250 million (RM1.025 billion) in Indonesian startups over the next three years through its newly launched innovation arm, as the ride-hailing firm aggressively pushes to cement its position in the Southeast Asia’s largest economy. The…
As soon as the final whistle blew in Vietnam’s victorious Asian Games quarterfinal game, Indonesia tour prices rose. Vietnam’s first ever semifinal game in the Asian Games will be played against defending champions South Korea on Wednesday, August 29, at the…
President Joko “Jokowi” Widodo may import 2 million tons of rice this year, falling short of fulfilling his 2014 presidential campaign promise of rice self-sufficiency. Since 2015, Indonesia has imported 3.35 million tons of rice. This year the imports are…
Nickel miner Laman Mining is suspected of illegal bauxite mining operations, disrupting orangutan habitat in West Kalimantan’s Tulak River forest. The Ministry of Environment and Forestry raided the company’s sites in Puring and Kempapakon on Aug. 20, finding…
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