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June Indonesian retail sales fell 17.1 percent over the same month last year – but that decline was slower than during the previous month. According to data from the country’s central bank, retail sales fell by 20.6 percent in May, as the Covid-19 pandemic…
Indonesian cafe chain Maxx Coffee has launched its first international outpost in Singapore as the first move towards expansion in Asia. Partnering with local operator Oue Restaurants, the new outlet opens today at Jem serving Indonesian single-origin coffee…
Indonesian online furniture retailer Fabelio has raised US$9 million in a Series-C funding round led by Taiwanese venture firm AppWorks. The investment now boosts Fabelio’s total funding above $20 million, with the firm on track to closing the funding round…
Retail sales in Indonesia have fallen by 16.9 percent during the month of April compared to last year, according to government data. The drop is the steepest within the territory in 14 years and is the result of a steady decline in retail sales of a range of…
Indonesian retail sales declined by 0.8 percent year on year during February. The drop was brought about by a decline in demand for clothing, as well as a blanket downturn in recreational spending, according to the monthly Bank Indonesia survey. The sales…
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new…
Singapore investment firm OUE has acquired a majority stake in the parent of Indonesia’s Maxx coffee chain, which also operates in Singapore. According to the agreement, OUE’s wholly-owned subsidiary Oddish Ventures will buy an 88.43-per-cent stake, worth…
Japanese coffee chain % Arabica is launching four locations in Indonesia. The stores, scheduled to open in Jakarta and Bali next month, are the result of three years’ planning and were designed by German architect Alexis Dornier. According to an Instagram…
South Korean beauty company Amorepacific Group is set to launch the Etude brand in Indonesia. The firm has partnered with local lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) to boost the growth of its business in the territory. MAP plans to expand…
Indonesian retail sales growth in November slowed to 1.3 percent year-on-year, well below October’s rate of 3.6 percent. However, the figures, released by Bank Indonesia, reflect the continuing uptick in Indonesian retail sales which has now lasted five…
Indonesia’s first digital bank, Bank Rakyat Indonesia announced on Monday that it has earmarked $1 million for Indonesia Mall, an early-stage assisted e-commerce program that aims to help small enterprises open new revenue channels by participating in the…
Indonesian retail sales grew at their fastest rate in five months, according to government data. Growth levels are currently at 3.6 percent, the highest increase over last year’s figures in five months. Growth for the previous month stood at just 0.7 percent.…
Axiata Group posted revenue of MYR 6.2 billion for the third quarter of 2019 (3Q19), which represents an increase of 3.5 percent year-on-year. EBITDA jumped 29 percent to MYR 2.8 billion, boosted by revenue growth as well as the group’s cost reduction…
Indonesian coffee chain Fore Coffee is plotting an aggressive expansion plan that will make it the largest coffee operator in the country. Fore Coffee says it has partnered with hotel operator Airy to open 1000 new locations at the latter’s hotels across…
Indonesian convenience-store chain Alfamart plans to open 100 new stores in the Philippines by year end. Since opening its first Philippine store in 2014, Alfamart has grown its store network to around 600 stores, which are operated by its local partner SM…
September Indonesia retail sales rose 0.7 percent year on year. Real Sales Index of Bank Indonesia showed that the country’s retail sales maintained positive growth despite falling 1.1 percent in August. Most of the growth was driven by sales of automotive…
