Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Indonesia plans to require that all diesel fuel used in the country contain biodiesel from next month to boost palm oil consumption, slash fuel imports and narrow a yawning current-account gap. While the proposal has been welcomed by the palm oil industry and…
Singapore-based Grab said on Thursday (02/08) that it has secured $1 billion in fresh funding and will consider raising further cash, as the ride-hailing firm aggressively expands in Indonesia, Southeast Asia’s biggest economy. The latest fundraising comes…
Telkom Indonesia, the country’s largest telecommunications company, will save up to a quarter of the cost involved in the launch of its latest satellite through reusable rocket technology. The Merah Putih satellite cost $165 million to develop, launch and…
Asia “continued to boom” for travel retailer Dufry in the first half of this year. Bali, Cambodia, Indonesia, Macau and South Korea all achieved double-digit sales growth during the half year, with Chinese tourists credited for much of that growth. Australia…
Vice President Jusuf Kalla said Indonesia must impose stricter measures to ensure that dollars earned from exports remain in the country for longer, amid the continuous depreciation of the rupiah, which has been among the worst performers in Asia this year.…
E-commerce giant JD has introduced its unmanned store technology in a foreign market for the first time. Jakarta’s new JD.ID X-Mart, a 270sqm AI-powered experience store located in Pik Avenue shopping mall, is the first of its kind in Indonesia and the…
Indonesia’s economy beat forecasts and grew the fastest in 4-1/2 years in April-June, helped by higher consumption during Ramadan, but external headwinds cloud the outlook for lifting growth well above 5 percent. Southeast Asia’s largest economy grew 5.27…
Bekraf, the Indonesian Creative Economy Agency, has joined with the Indonesian embassy in Singapore to open a pop-up store showcasing Indonesian fashion startups. Joshua Puji Mulia Simanjuntak, Bekraf’s marketing division deputy head, described Singapore as…
Malaysian low-cost carrier AirAsia, which will start flights to Silangit Airport, Indonesia, the main gateway to Lake Toba from Oct 28, is looking to increase its services in Indonesia, a market in which it sees huge potential. Speaking at a press conference…
Indonesia’s President Joko “Jokowi” Widodo on Tuesday (31/07) urged his ministers to make “serious” efforts to strengthen foreign exchange reserves by widening biodiesel use to combat pressures caused by a global trade war. Indonesia requires foreign inflows…
AirAsia’s new route to Silangit in North Sumatra is more than just a direct flight to the gateway of Lake Toba. It also marks the airline’s commitment to sustainable tourism development there. Group CEO Tan Sri Tony Fernandes said AirAsia strives to connect…
The government will use a grant from the Japan International Cooperation Agency to build integrated marine and fishery centers on islands in Indonesia’s six outermost regions to boost exports. The agency, known as JICA, granted total funding of 2.5 billion…
The International Finance Corporation has invested in $150 million in “green bonds” issued by Indonesian lender Bank OCBC NISP, the private sector arm of the World Bank Group said in a statement on Wednesday (01/08). The five-year green bond, of which the IFC…
Indonesia President Joko “Jokowi” Widodo will decide on Tuesday (31/07) whether the government’s policy on coal for domestic use should be revised, considering both the need for price stability and for reducing the current external deficit. The government in…
Indonesian regulators have cleared Japanese lender Mitsubishi UFJ Financial Group’s plan to increase its stake in Bank Danamon to 40 percent, bringing it closer to completing what could be the biggest takeover of an Indonesian firm. The Financial Services…
Bank Indonesia has done more than any Asian peer to defend its currency amid a global rout in emerging markets, but the fact that the rupiah has kept slipping suggests the central bank would struggle to maintain the pace in a prolonged battle. Like many…
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