The Indonesian Government provided a guarantee in the ease of business for the investors who plant their assets in special economic zones. In the tourism sector, Tourism Minister Arief Yahya explained that the government plans to restore a number of…
Indonesia’s largest conglomerate, Salim Group, has acquired a majority stake in a local bank, marking its first return to the banking business since the 1998 Asian financial crisis. Through various affiliated entities, the group bought at least 51% of Bank…
The rupiah exchange rate at the Jakarta Interbank Spot Dollar Rate this morning fell by 8.0bps to trade for Rp13,332 per US dollar. The rupiah is corrected along with most Asian currencies. “Rupiah weakens along with Asian currencies depreciation against the…
Transport Minister Budi Karya Sumadi said the Port of Tanjung Api-Api in the regency of Banyuasin, South Sumatra, is to be operational in December, 2017. Physical construction of the project is already completed, but the port basin is not yet safe for big…
Bank Indonesia (BI) is seeking to integrate electronic payment system of various banks and issuers on toll roads during the Eid al-Fitr homecoming in June. BI Transformation Center Executive Director Onny Widjanarko said that the central bank has done the…
Global hospitality marketplace Airbnb will expand its business in Indonesia as it considers the country to be one of the most important markets in the Asia-Pacific. Airbnb’s country manager for Southeast Asia, Hong Kong, and Taiwan, Robin Kwok, said that…
App-based transportation services Uber has joined hands with multimodal transport app Trafi to help residents in Greater Jakarta, or Jabodetabek, combine public transport and ridesharing services. Head of Public Policy and Government Affairs of Uber Indonesia…
The South Korean airline and flag carrier company Korean Air is ready to fly to Lombok Island, West Nusa Tenggara, Indonesia, in July and Aug 2017. “The Korean Air will open a charter flight for seven times,” Lombok International Airports General Manager I…
Indonesias balance of payment will still enjoy a surplus this year but it will decline to US$3-4 billion from US$12 billion last year, Bank Indonesia Governor Agus Martowardojo has predicted. The drop will be the result of declining capital and financial…
Flag carrier Garuda Indonesia is preparing 61,324 flight seats through the operation of large aircraft for an extra flight in anticipation of an increase in passengers during the post-fasting Eid ul-Fitr or Lebaran 2017. President Director of PT Garuda…
The government is looking to achieve its goal of zero garlic imports in 2018, following an expansion of garlic farms across the country. “We aim to see 100,000 hectares of garlic farms next year. If 1 hectare [ha] can produce 5 tons of garlic, we won’t need…
OCBC Bank has launched onshore private banking in Indonesia through its 85 per cent-owned subsidiary, OCBC NISP, the company said on Monday. OCBC NISP has obtained regulatory approval to establish the private banking unit to manage the wealth of Indonesians…
Consumer goods giant Unilever on Wednesday said it has opened a new facility in Indonesia as part of a pilot project for introducing a new technology for recycling sachets used to hold shampoos and other products. Single-use sachets are widely sold in…
Online travel portal Bisnis Travel Indonesia (BTI) is teaming up with Zurich Indonesia, the local unit of a Switzerland-based insurance company, by including Zurich Indonesia’s travel insurance on BTI’s list of products. Previously, BTI’s offered its members…
Sompo Japan Nipponkoa Insurance will start selling insurance products that compensate farmers hit by drought in Indonesia as early as this autumn. Earlier this month, Sompo Japan signed a memorandum to partner with BMKG, Indonesia’s meteorological bureau, to…
Sumber Alfaria Trijaya, operator of Alfamart convenience stores in Indonesia, plans to add up to 200 units in the Philippines this year that will nearly double its presence there. SAT began its Philippine business in 2014 with a 35% stake in a joint venture…
Retail Academy: Indonesia
Free background guides on how retail works in this market.
Around 280 million people, thousands of inhabited islands, dominant convenience and warung trade, and import rules that stop first shipments at the port.
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Indonesia.
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