Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
The Indonesian rupiah fell 20 points to close at Rp13,529 per dollar in the Jakarta interbank spot market on Friday evening, compared to the previous close of Rp13,509 per dollar. “The US dollar continued its rally against the majority of the main global…
Jakarta branded fashion reseller Banananina has moved into eCommerce in a bid to reach potential customers outside the Indonesian capital. The company, which launched in 2009 through now-defunct eCommerce site Multiply, offers apparel, bags, shoes,…
Singapore Airlines will cut five weekly flights to Jakarta, from Dec 1, as directed by the Indonesian civil aviation authorities, the airline said. SIA which has been operating 63 flights a week to and from Jakarta has been told to cut five flights a week due…
Indonesia is eyeing Facebook as its next target in a government tax crackdown as it nears a settlement with Google Inc. Facebook, which counts more than 88 million Indonesians among its users, owes about 2 trillion rupiah ($148 million) to 3 trillion rupiah…
Indonesia and the Netherlands have pledged to strengthen economic cooperation in the future, boosted by a number of new business deals inked by the two governments and businesses. The partnership will involve various areas including agriculture and…
Indonesia is considering to import cows from Mexico and negotiations are now underway for that, an agriculture ministry official disclosed on Wednesday. “Private parties and a local government were currently in the process of negotiations,” Syukur Iwantoro,…
PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) and PT JCB International Indonesia, a subsidiary of JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd. (collectively “JCB”), today announced the launch of the BRI JCB Platinum…
The government should give more attention to Indonesia’s tea industry by intensifying promotional efforts and strengthening collaboration among ministries to reverse the trend of declining exports that started a few years ago, a public policy expert suggests.…
Exports of nutmeg from Indonesia to Italy has increased toward the end of the year, a North Sulawesi official said. “Orders have come more regularly from Italy for North Sulawesi nutmeg. Demand is growing toward the end of the year,” head of the provincial…
Bank Negara Indonesia (BNI) president director Achmad Baiquni asked customers not to panic and get affected by solicitations to withdrawal money en masse. The so called rush-money rumor has been circulating on social media in recent days. According to…
Chinese e-commerce giant Alibaba Group sees “huge potential” in the Indonesian market as the government, through a recent e-commerce road map, pushes efforts in developing the sector to make the country the biggest digital economy in Southeast Asia by 2020.…
Starbucks recently launched a mobile application in Indonesia to allow customers to pay for in-store purchases at the coffee marker’s more than 260 stores across the country. Building on the cashless payment system Starbucks Indonesia introduced in 2013 with…
India’s palm oil imports are expected to slip next month by up to a fifth, including from the top two producers Indonesia and Malaysia, as New Delhi’s removal of high-value rupee notes from circulation disrupts distribution systems and curbs demand. Traders…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
PT Matahari Putra Prima Tbk (MPPA), a multi-format modern retailer in Indonesia, which operates Hypermart, SmartClub, Foodmart, Boston Health & Beauty and FMX, today (October 27, 2016) proudly opens its new Hypermart G7 store at Citimall Baturaja in South…
The rupiah fell 54 points to close at Rp13,414 per dollar in the Jakarta inter-bank spot market on Friday evening, compared to the previous close of Rp13,360 per dollar. The dollar appreciated at the weekend, sending a signal that the Fed has indicated the…
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