Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
President Joko Widodo (Jokowi) said he hopes the countrys economy could grow more than six percent in 2018 that the 2018 state budget would get healthier. “In entering the year 2018, the first thing we want is a growth of more than six percent,” the president…
Australian Minister of Trade, Tourism and Investment Steven Ciobo has met Indonesian Minister of Trade Enggartiasto Lukita in Australia on Sunday to discuss free trade agreements. Press releases from the Department of Foreign Affairs and Trade of Australia…
Australia led the ten top sources of tourist arrivals in the resort island of Bali in the January-September 2016 period, an official said. “The number of Australian tourists visiting Bali in the first nine months of this year reached 850,326, up 16.85 percent…
IPMG members – including Novartis, Merck, Bayer, Boehringer Ingelheim, and Pfizer – have invested more than USD $1 billion in Indonesia’s pharmaceutical industry over the past few years, particularity for the construction of factories and clinical research…
The Indonesian Young Entrepreneurs Association (Hipmi) of Yogyakarta supports the governments plan to formulate an e-commerce roadmap by early 2017. “The e-commerce roadmap to be launched by the government is a step in the right direction as it will encourage…
Indonesia will start to operate 8 kilometers of the 11-kilometers section of the new Bekasi-Cawang-Kampung Melayu (Becakayu) toll road connecting Bekasi City and Jakarta by March 2017. “I believe by March, the 8 kilometers toll road can start operations. I…
Indonesian consumer confidence rose again in the third quarter of this year in line with their increasing confidence for the government’s recent economic policies, global research company Nielsen revealed on Wednesday. According to Nielsen’s Global Consumer…
The Indonesia Industry Ministry will continue to encourage and increase fish consumption in various regions to raise domestic demand for fish, in an effort to advance the maritime and fisheries sector. “We will boost fish consumption, apart from exports,…
The railway service connecting Jakarta to Soekarno-Hatta International Airport in Tangerang, Banten Province, should be complete and fully operational by July 2017, President Director of PT Railink Heru Kuswanto said here Monday. The service will provide 124…
National mining company PT. Aneka Tambang (ANTAM) and Australian mining company Newcrest Mining Ltd. are building a partnership in order to explore gold and copper potential in Indonesia. A statement released by the Australian Embassy on Sunday, November 6,…
Indonesian Economic and Trade Office to Taipei (KDEI) is expecting more than 250 thousand tourist arrivals from Taiwan to Indonesia by the end of 2016. “In 2015, the number of Taiwanese tourists visiting Indonesia was 211 thousand. Hopefully, by the end of…
Indonesia’s economy grew largely in line with market expectations in the third quarter, though lower government spending and a slowdown among its major trading partners proved a drag on growth. Data released by the statistics bureau yesterday showed Indonesia…
The Indonesia Central Bureau of Statistics (BPS) said in August, 2016, the country had 7.03 million jobless people among 125.44 million of labor force. “Compared with August, 2015, the number of working people rose 3.59 million and the number of jobless…
Despite economic growth slowing in the third quarter, the government remains optimism that better state budget realization will lead to an economic rebound by year-end. Economic growth slowed to 5.02 percent year-on-year (yoy) in the third quarter amid a…
The interbank exchange rate of rupiah in Jakarta moved higher by 23 points, reaching 13,045 rupiah per one US dollar compared to 13,068 rupiah previously. “Rupiah strengthened against US dollar in line with the growth indicated in the just released domestic…
Garuda Indonesia, booked net income of USD 19.6 million or IDR 254.8 billion (exchange rate IDR 13,000 per USD) during the third quarter (July – September period) of 2016 as an outcome of the initial implementation of the ‘Sky Beyond’ strategy, with a focus…
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