Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
The Ministry of Finance estimates that the government may collect up to Rp 3 trillion ($207 million) in additional revenue next year from a new excise on tobacco extract, or vaping liquid, commonly used in electronic cigarettes. While Indonesians have been…
Bangkok-based budget hotel chain Red Planet has been rapidly expanding in Asia, responding to the growing number of new travelers in the region. Established in 2010, Red Planet has become one of Asia’s fastest growing budget hotel chain. It operates 30 hotels…
As Indonesia’s central bank drives up interest rates to defend a fragile currency, governor Perry Warjiyo is banking on a revival of the sluggish property sector to help maintain growth momentum in Southeast Asia’s biggest economy. Five years ago, luxury…
Quick Service Restaurant (QSR) has signed an 80-restaurant deal with US fast-food chain Texas Chicken. QSR is the third Texas Chicken Indonesia master franchisee to enter the market, following Quick Serve Indonesia which signed a development agreement earlier…
Indonesia had to import about 200,000 metric tons of cacao beans last year, but it was not supposed to happen. The tropical archipelago used to be a beacon of cacao bean production, with a record 850,000 tons of raw beans in 2009, or about six times more than…
Indonesia will announce economic policy changes in coming months to help its industries cope with rising global uncertainty and the indirect impact of trade tensions between China and the United States, officials said. Details about the moves, to be taken at…
Ride-hailing company Grab has launched GrabPlatform and GrabFresh to tap further into the Indonesian market, its representatives said on Tuesday (10/07). Grab is going to upgrade its app to focus on people’s daily needs and make it become an everyday…
Regional economies in Indonesia will be affected if the United States suspends its special tariffs for some of the country’s exports, a minister said on Tuesday (10/07). The US is currently reviewing Indonesian products on its Generalized System of…
The Indonesian government has launched a farming “digitization” project in West Java province, which may increase rice output by at least 20 percent, officials said on Monday (09/07). The project is currently being tested with thousands of farmers in nine…
It will kick off in Indonesia in July, followed by Thailand and Malaysia by late 2018. Grab teamed up with Indonesian start up HappyFresh to launch its grocery delivery services, an announcement revealed. The move is part of Grab’s open platform strategy as…
DRB-Hicom Bhd is studying the proposed collaboration between Malaysia and Indonesia to produce an Asean car. Group managing director Datuk Seri Syed Faisal Syed Albar said a discussion on the matter is taking place as a memorandum of understanding was signed…
FamilyMart Indonesia has opened its 100th store with plans to continue to expand the network. The Japanese-founded convenience-store chain opened its first store in Indonesia in October 2012 and has so far focused on growth in the capital, Jakarta, with a…
US President Donald Trump has warned that he may revoke special trade tariffs for Indonesia, especially on textiles, in a bid to reduce his country’s trade deficit, an official said on Thursday (05/07). The United States was Indonesia’s second-largest export…
The central bank said Indonesia’s widening current-account and trade deficits until the middle of the second quarter of this year should not be seen as indications that the country’s economy is overheating or growing beyond its capacity. The country’s trade…
Link Net, an internet service provider operating under Lippo Group subsidiary First Media, and Japanese telecommunications provider SoftBank Corp have signed a partnership agreement to develop and deploy the internet of things, or IoT, in Link Net’s…
An Indonesian tech venture capital fund backed by the country’s largest conglomerates will be launched within the next six months, Communications Minister Rudiantara said. “We, Indonesian investors, must immediately enter the tech market,” the minister said…
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