Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Indonesia will not back away from a potential trade war with the United States, should US President Donald Trump decide to carry out his plan to increase tariffs on some imported commodities, Vice President Jusuf Kalla said on Thursday (08/03). Trump…
Several of Indonesia’s noodle, biscuit and snack makers are facing shortages of quality salt as they have been unable to import the ingredient and local supplies are insufficient, an industry association said. “We received reports several industries will stop…
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to…
Singapore-based payments startup RateX has raised S$3 million (US$2.3 million) in a pre-series A funding round. RateX is a free browser extension that automatically provides shoppers with the lowest exchange rate without transaction fee for overseas purchases…
E-business last year was particularly strong for apparel retailer Giordano International. Overall, consolidated sales reached HK$5.4 billion, up 5.2 per cent. Group comparable-store sales and comparable-store gross profit rose by 5.2 and 5 per cent…
Indonesian start-up Go-Jek is considering an initial public offering, president Andre Soelistyo said on Monday (05/03), but details on timing and float size haven’t been decided yet. Andre met with Indonesia Stock Exchange chief executive on Monday to discuss…
Indonesia has increased its ranking on the United States Chamber of Commerce’s 2018 International Intellectual Property Index this year, which shows that the government’s efforts to protect copyrights are starting to bear fruit. The sixth edition of the…
Indonesia has revoked 186 regulations in the energy and mineral resources sectors that were considered troubling, as the country seeks to improve the investment climate, while improving the ease of doing business, a minister said. “This is important, as was…
Singapore-based online hotel booking platform RedDoorz announced on Tuesday (06/03) that it has secured $11 million in funding from several global investment capital firms as part of efforts to strengthen and expand its business in Southeast Asia. The…
Indonesian fashion e-commerce app Lyke is shutting down, and is encouraging its users to transfer to the JollyChick app. Lyke says most of its employees will be joining Chinese fashion and lifestyle e-commerce startup JollyChic, which entered the Indonesian…
While Malaysian fashion retailer Bonia sold fewer handbags in its second quarter, it did manage to grow its net profit. It achieved a net profit of RM11.99 million (US$3 million) for the period, to the end of December, up 8 per cent. It attributes the upswing…
Despite slight revenue growth, Parkson Holdings’ retailing division ended its second quarter with a loss. For the first half, its interim financial report shows there was 3 per cent growth in revenue to RM1.9 billion (US$485.9 million) with an operating loss…
Indonesia plans to scrap some taxes on electric cars as part of efforts to realize the country’s vision of low-emission models making up at least a fifth of all vehicles produced in the archipelago by 2025. Depending on the model, electric vehicles are…
Christine Lagarde, the managing director of the International Monetary Fund, said on Tuesday (27/02) the global economy was showing broad-based growth, but the landscape was shifting with heightened risks of trade disputes, monetary policy normalization and…
Go-Jek has raised a higher than targeted $1.5 billion in a fundraising round from a dozen investors, including BlackRock and Google, as the Indonesian ride-hailing firm builds its war chest to fight deep-pocketed rivals. Go-Jek had planned last year to raise…
Indonesian private-sector company Bandara Internasional Bali Utara plans to build a new international airport in northern Bali to accommodate growth in foreign tourist arrivals. The airport will be built offshore to avoid interference with rice fields,…
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