Reporting and analysis on retail, e-commerce, and consumer trends in Indonesia, updated continuously by our newsroom.
Bank Indonesia will soon issue a new policy in payment system — “National Payment Gateway” (NPG) — to prevent outflow of fund in the “e-commerce” transactions that will help redress the countrys domestic trade balance . “Soon we will issue a policy of…
Two of Indonesia’s wealthiest men say they will participate in a government-led tax amnesty to clear their past omissions, boosting the scheme’s credibility. Mr James Riady, the son of Lippo Group’s founder, went to the Jakarta tax office yesterday to take…
The Minisitry of State Owned Enterprise of Republic of Indonesia (MSOE), announced on Friday that it will hold Indonesia Business and Development Expo (IBDExpo) 2016 on September 8-11, 2016 in Jakarta Convention Center. This event is organized by National…
Rocket Internet-backed Foodpanda India, which last year faced allegations of internal fraud and misappropriation of funds, is reported to be raising fresh capital. It has mandated Mumbai-based mid-market investment bank O3 Capital for a US$40-60 million…
Indonesians have become Asia’s foremost online buyers of luxury goods, according to the latest Asia Luxury Index. Amid difficult economic conditions, online sales of luxury goods in Indonesia have grown by 84 per cent, according to the index, which draws…
Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the…
A joint investigation by Tempo, a weekly news magazine, and BBC Indonesia has reportedly revealed the use of expired ingredients by fast food chain Pizza Hut, its delivery arm Pizza Hut Delivery (PHD), and Japanese franchise Marugame Udon. The investigation,…
Australian Ambassador to Indonesia Paul Grigson has welcomed the new partnership between Australian company Blackmores and Indonesias Kalbe that will allow new vitamin products to enter the local market. Blackmores will initially supply eight products in…
Indonesia is set to host the Forbes Global CEO Conference for a second time. The gathering will see business players and thought leaders from around the world discuss possible solutions to the continuous global economic slump. Now in its 16th year, the…
The Indonesian government will encourage direct trade contact with Cuba to increase the value of the two countries bilateral trade, Indonesian Deputy Foreign Minister A.M. Fachir has said. “Indonesia will encourage direct trade contact with Cuba in order to…
Indonesia will soon export chicken as production has doubled, Agriculture Minister Amran Sulaiman said. “Right now, we are campaigning for self-reliance in protein which is found in abundance in our husbandry and fishery commodities,” he stated here on…
Indonesia’s Alfamart has reported a healthy first half year’s performance. Alfamart sales rose by 21.5 per cent to IDR36,870 billion (US$2 billion) thanks to an aggressive store expansion program. The company’s unaudited gross profit increased 20.6 per cent.…
PT. Indofood Sukses Makmur, the largest instant noodle producer in Southeast Asia has expanded operation to Europe setting into operation its factory in Serbia. Serbian President Tomislav Nikolic officially commissioned the factory in Indjija, around 80…
The combo card that promotes non-cash social assistance will be tested in 40 cities until the end of 2016, Bank Indonesia (BI) has stated. If the trial goes off well, on January 1, 2017, the entire social assistance from the government can be channeled…
Asian online shoppers research, locate, engage with and purchase products and services in entirely different ways in different markets, according to a new report. For example, almost all consumers in Indonesia knowingly provide brands with wrong details,…
Emerging subscription-based streaming video service iflix intends to set itself apart from Netflix by becoming a social media platform for television, according to company executive. “Netflix is very much into an original production base… they are really…
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