Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Japanese investor Tokyo Food and Kanimatsu Corporation is keen to build a cocoa processing factory in Boalemo District, Gorontalo Province, Vice Governor of Gorontalo Idris Rahim stated. The Gorontalo provincial administration welcomes and supports the…
Korean Air is set to open a chartered flight from Incheon airport to Lombok, West Nusa Tenggara (NTB), starting on July 29. According to Head of the NTB tourism agency, Lalu Moh Faozal, the South Korean airline has prepared seven flights up to October 9. “The…
State lender Bank Negara Indonesia (BNI) saw its net profit in the first half of 2017 jumping 48.7 percent to Rp6.41 trillion, fueled by the distribution of credits. “Our credits grew 15.4 percent year-on-year to Rp412.1 trillion, contributing Rp15.40…
The award assessed the performance of the best public companies in Indonesia and Southeast Asia based on Wealth Added Index (WAI), a calculation method developed by Stern Stewart. WAI is a metric used to measure the wealth created by a company for its…
The government is to hunt down tax money from Indonesians who park their money in Singapore, following an offer from Singapore to allow Indonesia to access the financial data of Indonesians in the neighboring country. Singapore and Indonesia are soon to sign…
Australian fruit is proving popular with the Indonesian middle class. Premium fresh fruit is what seems to be in demand from Indonesia, especially that which has been grown for the Indonesian palate. Andrew Bell, director of Mountain Blue Farms in northern…
The Qatar National Bank QPSC (QNB Group) as the controlling shareholder of Bank QNB Indonesia has injected Rp 2.18 trillion (US$162.72 million) into the bank as capital paid in advance as well as acting as standby buyer in the rights issue of Bank QNB…
Paper products dominate Indonesias global exports in two years, which was worth US$13.95 billion of the total wood products’ exports of $11.83 billion in 2016-2017. “These value are wood-based products with V-Legal documents, namely SVLK and FLEGT licenses,”…
The Indonesian Stock Exchange (IDX)s Datafeed disruption on Monday morning was claimed to have no effect on investors confidence. “We measured our Key Performance Indicator, and the result was still good,” IDX General Director Tito Sulistio stated here on…
PT Bank DBS Indonesia, a subsidiary of Singapore-based DBS Bank, has reported a 75 percent year-on-year (yoy) increase in its net profit during the first quarter of 2017 to Rp 263 billion. The net profit increase was supported by a 16 percent yoy increase in…
Indonesian retailer PT Modern Internasional has announced it is closing its 7-Eleven stores in Indonesia after just eight years in the country. The company cited “limited resources” for the closures, which will see around 161 stores stop operating. While PT…
The Embassy of the Republic of Indonesia in Beijing and Hotel Conrad has promoted Balinese cuisine to the guests staying at one of the five star hotels in the capital city of China from July 6 to 16, 2017. “This is the second event this year,” Indonesian…
The Indonesia stock market headed south again on Friday, one session after it had ended the two-day slide in which it had fallen more than 85 points or 1.3 percent. The Jakarta Composite Index now rests just beneath the 5,815-point plateau although it is…
After closing its $20 million Series C round of funding last week, Droom, an online marketplace for used automobiles, plans to announce a few acquisitions by the end of this year, founder Sandeep Aggarwal said. “We are planning 2-3 acquisitions this year and…
PT Garuda Indonesia has confirmed the delay of 68 flights from Friday to Saturday as a result of a “technical constraint” at Soekarno-Hatta International Airport’s Terminal 3, resulting in long waits for passengers. The delays at the airport in Tangerang,…
Bank Mandiri will expand operations in Malaysia by using its newly awarded status as a cross-regional lender, Indonesia’s largest state-owned bank said Thursday. Mandiri said it is the first bank in the region to be designated a qualified ASEAN bank — a…
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Around 280 million people, thousands of inhabited islands, dominant convenience and warung trade, and import rules that stop first shipments at the port.
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