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Indonesia’s GoTo, a ride-hailing and food delivery company, alongside Singapore-based Grab, announced they will reduce the per-trip commissions for their two-wheeled driver partners in Indonesia. Beginning July 1, the commission rate will be slashed from 20%…
In response to the ongoing conflict in the Middle East, Indonesian public corporation Pertamina has substantially elevated its fuel prices, marking the first rise since hostilities commenced. The price of 92-octane gasoline, popularly referred to as Pertamax…
Singapore has taken over from Indonesia as the leading stock market in Southeast Asia. This shift has come as Indonesia’s market capitalization has dropped dramatically due to an uncertain future outlook. From its peak in January, the total market…
Sederhana, a well-known Indonesian food chain, is preparing to open its first Singaporean branch, taking the place of a recently closed restaurant that had been serving customers for almost eight decades. Sederhana announced its arrival in Singapore via an…
In Southeast Asia, Indonesia holds the second position in terms of inhabitants who possess a net worth of US$30 million or more, according to a recent report. Projections anticipate that this figure will nearly double within the next five years. Presently,…
According to the Coordinating Minister for Economic Affairs, Airlangga Hartarto, Indonesia possesses the potential to rank among the top five global economies by the year 2050 provided it continues its current growth trajectory and structural reformation…
The Association of Indonesian Vape Retailers (Arvindo) has issued a directive to all its member stores to cease the sale of e-cigarettes to individuals under the age of 21. The Association has mandated that retailers display signage indicating the age…
Jago Coffee, an Indonesian mobile coffee service, recently raised $12 million in a Series B funding round bringing its total capital to over $20 million. The company is known for dispensing reasonably priced beverages from fully electric carts, making it an…
Private equity firm Everstone is set to sell its entire stake, amounting to 11.26 per cent, in Restaurant Brands Asia, a franchisee operating in India and Indonesia for fast-food giant Burger King. Those familiar with the matter have confirmed that the deal…
Indonesia is currently experiencing a “demographic dividend” phase, characterized by a surge in the young population. However, this younger generation, primarily Generation Z (those born between 1997 and 2012), is wrestling with significant employment…
Starlink, a satellite internet service, has ceased its operations in Papua New Guinea following a directive from the country’s telecommunications regulator. This halt in services comes amidst an ongoing dispute over licensing. The Regulatory Standoff The…
Indonesia has announced that it will not be importing rice for any purpose in the coming year, due to ample domestic production capabilities. This announcement was made at a recently held ministerial summit in Jakarta. High-level officials from various…
Boss is broadening its market reach in Southeast Asia by introducing its premier athleisure-oriented retail outlets in Indonesia. The brand has unveiled two new stores in Jakarta, located in the prestigious Grand Indonesia and Central Park Mall. The store in…
Indonesia has recently achieved a significant milestone in its agricultural export sector with the first direct shipment of frozen durians to China. This 48-tonne shipment, valued at Rp5.1 billion (US$305,000), was processed in West Java and shipped from…
Indonesia’s state-owned telecommunications corporation, Telkom Indonesia, recently announced that its independent shareholders have given the green light to partition the company’s wholesale fiber connectivity business and assets. The assets will be…
The GSMA has highlighted the need for a more robust, investment-focused strategy to expedite Indonesia’s digital transformation and stimulate innovation, according to its recent findings published in the reports GSMA Digital Nations 2025 and ASEAN Consumer…
