Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
President Joko Widodo (Jokowi), during a closed-door meeting on Monday, emphasized the need for improving transportation services between the islands of Sumatra and Java by operating better ferries. “We are concerned about the operation of the toll road from…
Bank Indonesia Governor Agus Martowardojo said the central bank is preparing for the impact of Fed Fund Rate (FFR) hike in March. Agus said there were clear signs of a US’ interest rates increase during The Federal Reserves’ monthly meeting in February. “The…
The Indonesian government decided to use the Indian Ocean Rim Association (IORA) Summit as an opportunity to broaden its partnership in the industrial sector by offering several sectors for investment to IORA member states. Some of the sectors being offered…
Four years after opening cupcake shop Fluff Bakery, a Singapore couple plans to launch franchises in Indonesia and Malaysia. Ashraf Alami and Nursyazanna Syaira Mohammad Suhimi left their jobs to set up in a shophouse four years ago, and from 600 cupcakes a…
Although the bank started under the name ABN AMRO BANK NV Indonesia, the majority of its shares was acquired by the Royal Bank of Scotland Plc in 2010. After this acquisition the bank’s name changed to RBS NV. Earlier, in December 2015, the bank’s branch in…
Indonesia increases its dominance over the global retail coffee market with an average sales growth of 19.6 percent each year throughout the last five years, followed by India (15.1 percent average growth) and Vietnam (14.9 percent average growth in second…
One in four Crocs stores will be closed globally as the maker of the world’s ugliest shoes plots a survival plan. The store cull was announced along with another quarterly loss: the shoemaker finished its last three months US$44.4 million in the red, albeit a…
South Korean conglomerate Lotte is to build a second Hanoi mall. It will be in a 200,000 sqm complex near West Lake in the Vietnamese capital, The Korea Heraldreports. Included in the mall will be a department store, supermarket and a cinema, all to be…
After dominating the investment market for the past few years, startups continue to attract investors this year. Investors see a startup as a company which fulfills three categories required in businesses, said Morgan Stanley president director Oki Ramadhana.…
PT Honda Prospect Motor (HPM) has crossed the one million-unit automobile production milestone in Indonesia, 14 years after it began manufacturing operations in the country. HPM began local automobile production in February 2003 with the Honda Stream at its…
Zalora Group CEO, Parker Gundersen, has denied rumour that says the company is selling its Indonesia operation to local firm Mitra Adiperkasa (MAP Group) Last week, there was a speculation that Zalora was withdrawing from Indonesia following a share…
France launched the French Renewable Energy Group (FREG) here on Tuesday, as a forum for French companies interested to be a part of the renewable energy sector (EBT) in Indonesia. During the launching ceremony, a memorandum of cooperation was also signed…
Samsung Electronics Southeast Asia and Oceania has signed a memorandum of understanding with global platform innovator SK Planet on an eCommerce partnership in Southeast Asia. Signed in Singapore, the deal aims to promote Samsung’s brand presence and provide…
About 2.89 million Indonesians visited Singapore throughout 2016, the biggest contribution of tourists to the city state, about 17.7 percent of the country’s 16.4 million total foreign tourist arrivals, according to a statement released by Singapore Tourism…
The Indonesian Embassy in Copenhagen, Denmark, participated in the Danish Travel Show 2017 in Herning city, Denmark, from Feb 24 to 26, 2017. A statement from the Indonesian Embassy in Copenhagen received by Antara here on Monday stated that Indonesia’s…
Is Zalora Indonesia for sale? Fresh after selling off a chunk of the Philippines business, Rocket denies further Asian withdrawal. Last week, Ayala announced it will buy 43.3 per cent ownership in Zalora manager BF Jade E-Service Philippines for an…
Free background guides on how retail works in this market.
Indonesia
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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