Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Bank Indonesias governor Agus Martowardojo has launched the Financial Technology (Fintech) Office that will serve as a think-tank in developing the financial services industry. “Technology innovation in financial sector is now a must. Therefore, innovation…
The Indonesian branch of US-based Citibank saw its net profits rise in the third quarter of this year despite the ongoing global economic downturn and sluggish domestic demand. The bank’s net profits surged by 64 percent year-on-year (yoy) to Rp 1.9 trillion…
Indonesias wheat flour consumption is expected to increase steadily with favorable growth of wheat-based culinary business, a businessman said. “The increased consumption of wheat flour is correlated to the increased number of cafes. In a cafe, usually…
Indonesia has an important role and can take advantage of tourism development in the maritime silk route of the 21st century in China, according to China National Tourism Administration (CNTA) Information Center Director Cai Jiacheng. “Indonesia has its own…
Coffee shop ventures generate significant economic potentials in Jogjakarta, and it can reach Rp350.4 billion a year, generated from 800 coffee shops in the city. “The current economic realization that comes from 600 registered coffee shops in Jogjakarta…
President Joko Widodo, along with Singapores Prime Minister Lee Hsien Long, launched the Kendal Industrial Park in Central Java Province as a new model of bilateral economic relationship. “Prime Minister Lee and I agreed that the investment cooperation in…
Seventy percent of the regular train tickets for travel during Christmas and New Year 2017 holidays have been already sold, Bambang Eko Martono, the Director of state railway operator PT Kereta Api Indonesia, said here on Monday. “We are targeting 258 million…
OpenHydro, the tidal turbines business of French naval defence group DCNS, will seek to deploy 300 MW of tidal energy capacity in Indonesia by 2023 under a new partnership with local sector player PT AIR. OpenHydro said this week it has entered into a…
Indonesia and Singapore agreed to develop cooperation in the tourism sector through the signing of a memorandum of understanding (MoU) in Semarang, Central Java, on Monday. Indonesian President Joko Widodo (Jokowi) and Singapore Prime Minister Lee Hsien Loong…
The World Bank had recently released its October 2016 edition of the Indonesia Economic Quarterly (IEQ), titled, Pressures Easing. In the report, which goes through the state of Indonesia’s economy, the World Bank shared a few pillars that are supporting the…
Singapore Prime Minister Lee Hsien Loong and President Joko Widodo (Jokowi) have issued a joint statement, that a cooperation project being built in Central Java is estimated to create 4,000 jobs. Prime Minister Lee and President Jokowi issued the joint…
After early success in the Philippines, Khun Thai Tea is now eyeing three more Asian markets. The milk tea concept was co-founded by Bronze Media LLP Singapore owners Jeremy Lee and Elis Chai. Lee says the company is about to open its third store in Metro…
Though Indonesia has one of the world’s fastest-growing economies, its electrical grid is faltering, with blackouts common and many factories and homes relying on expensive diesel-powered generators as backup. In 2011, Indonesian coal mining magnate Samin Tan…
The volume of e-commerce transactions in Indonesia is still relatively small but the government is taking anticipatory steps in the face of e-commerce industry growth as it is developing as a global trade model. Indonesias e-commerce transactions still…
Panic hit domestic financial markets on Friday as investors showed concern over the anticipated policies of US president-elect Donald Trump that may negatively affect Indonesia’s economy. The Jakarta Composite Index (JCI) — the benchmark of the Indonesia…
The Indonesian Tourism Ministry and the China National Tourism Administration have agreed to check certain tourism operators who are unprofessional and harm tourists interests. “We are ready to blacklist such operators since tourism is a service-based…
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