Topic
454 stories in this topic
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 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…
The Singapore-based coffee chain, Toast Box, recently inaugurated its first store in partnership with Map Boga Adiperkasa (MBA) Group, located at Rest Area Km 57 in Jakarta. Expansion Beyond Mall Outlets in Indonesia This latest development signifies Toast…
The residential property landscape in Jakarta is showing subtle yet telling signs of adjustment, with average apartment prices edging upward by less than 1% in the second quarter of 2025. According to the latest report from Colliers, the average asking price…
Indosat Ooredoo Hutchison (Indosat) has unveiled a groundbreaking initiative under its women’s empowerment program, SheHacks, known as Pandu Perempuan Daerah (PaPeDa). This fresh endeavor aims to uplift women leaders within regional communities, enhancing…
In a proactive move to aid its beleaguered hospitality industry, Jakarta officials have unveiled a temporary tax reduction initiative for hotels and restaurants amid escalating costs and a dip in consumer demand. The new regulation introduces a hefty 50% tax…
The Greater Jakarta data center market is witnessing significant expansion, with colocation inventory skyrocketing from 150 MW in 2021 to over 400 MW by the first half of 2025, according to a new report from JLL. This growth reflects the joint efforts of both…
Record growth is on the horizon for Jakarta’s logistics sector as the city prepares for a significant surge in demand for industrial spaces by FY2025. A recent report from JLL forecasts that nearly 250,000 square meters of new logistics facilities will become…
Former Indonesian Education Minister and co-founder of the ride-hailing company Gojek, Nadiem Makarim, has been detained and named a suspect in a corruption case. The case involves allegations of malfeasance concerning laptop procurement. Makarim will be held…
Rental prices in Jakarta’s vibrant retail landscape are holding strong despite a lull in new supply. According to a recent report from JLL, mall rents in the bustling Indonesian capital have risen approximately 0.5% in the second quarter of 2025. This…
The country – the world’s fourth most populous – is its third overseas market, following launches in Thailand and Taiwan. Japan-headquartered mobile and internet services firm Line has launched a digital banking platform in Indonesia in collaboration with…
Starwood Hotels & Resorts Worldwide, Inc. today announced the opening of Sheraton Jakarta Gandaria City Hotel, the second Sheraton to debut in the cosmopolitan city of Jakarta, Indonesia. Owned by PT. Pakuwon Jati Tbk, the opening further propels the brand’s…
PT Bank Negara Indonesia (BNI) has submitted an expansion proposal to the Indonesian and Malaysian regulators to establish a network branch in Malaysia. The target is to have the branch working by the first half of 2017. Chairman of PT BNI Achmad Baiquini…
Uber Technologies Inc. said Tuesday it is working to establish itself as a technology company in Indonesia, to avoid legal hurdles after police launched an investigation into the company’s operations last month. The move will also help underscore what Uber…
The fashion brand Peggy Hartanto has achieved a significant landmark in its retail journey with the inauguration of its first independent store in Plaza Senayan, Jakarta. Reflecting the Brand’s Aesthetic The store’s design draws on the brand’s aesthetic,…
