Tag: indonesia

Retail Asia23/03/2017
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4min0
Indonesian flag carrier Garuda Indonesia will continue expanding despite a lackluster performance last year during which profit dropped by 89%, President Arif Wibowo said on Wednesday. Garuda posted $8.1 million in net income in 2016, from $76.5 million the year before. Wibowo said the decline was “manageable,” and attributed it in part to the company’s […]

Retail Asia22/03/2017
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2min0
Forbes magazine has published the list of 2017 world’s richest billionaire, and those who have a net worth of over USD 1 billion. Forbes has particularly drawn a list of Indonesia’s 20 richest people. Djarum owners Robert Budi Hartono and Michael Hartono ranked first and second on the list. Budi has a net worth of […]

Retail Asia20/03/2017
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2min0
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, to January 31, reaching €23.3 billion. Growth was achieved in every geographic region where the group is present, and includes contributions from debut stores in Vietnam and New Zealand. Same-store sales rose by 10 per cent, up from 8.5 per […]

Retail Asia20/03/2017
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3min0
The Papua administration has focused on developing tourism in the districts of Biak Numfor and Supiori. “So far, two regions have become a priority for tourism development, notably the districts of Biak Numfor and Supiori,” Ysh Is Matutina, head of the tourism office of Papua, stated here, Thursday. Tourism development has been carried out since […]

Retail Asia20/03/2017
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2min0
The International Fish Force Academy of Indonesia (IFFAI) has officially opened today on Thursday, March 16, 2017. The inauguration was attended by Maritime Affairs and Fishery Minister Susi Pudjiastuti and National Police Chief Tito Karnavian. “This [academy] is aimed at how to handle criminal cases,” said Minister Susi on Thursday, March 16, 2017. The IFFAI […]

Retail Asia20/03/2017
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19min0
The Philippine and Indonesian governments will launch next month a roll-on, roll-off shipping service that will link Davao and General Santos cities to Bitung City in Indonesia, an official of the Mindanao Development Authority (MinDA) said. Presidents Rodrigo Duterte of the Philippines and Joko Widodo of Indonesia have been invited to grace the launch in […]

Retail Asia20/03/2017
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3min0
The Indonesian unit of Lazada said it plans to focus on adding small merchants to its online marketplace, emulating the strategy of Alibaba Group Holding, the Chinese e-commerce company that acquired it last year. Florian Holm, Lazada Indonesia’s co-chief executive, told reporters on Wednesday the company will launch a campaign in April which will also […]

Retail Asia20/03/2017
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2min0
United States technology giant Apple Inc. has secured official approval to once again sell its signature iPhone mobile phone series in Indonesia after fulfilling a requirement to use a minimum of 30 percent local components in smartphones distributed throughout the country, locally known as TKDN. The Industry Ministry’s director for metals, machinery, transportations and electronics, […]

Retail Asia20/03/2017
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2min0
NetSol Technologies signed an agreement for its mobile origination (point of sale) system with PT Mizuho Balimor Finance (MBF) in Indonesia. NetSol was named MBF’s preferred vendor in the region. The contract includes product license, a five-year maintenance agreement and agreed customizations rates for both applications. MBF is an Indonesian multi-finance companies specializing in the auto […]

Retail Asia17/03/2017
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3min0
Thailand’s MK Restaurants Group plans to invest about Bt400 million (US$11.3 million) a year over the next five years to expand in Thailand as well as its overseas markets, including Singapore. Chairman/CEO Rit Thirakomen says the group will open 15 MK branches in Thailand this year, together with 25 Yayoi and five Miyazaki Japanese restaurants. […]

Retail Asia17/03/2017
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3min0
The emergence of many start-up companies lately has become an interesting phenomenon, many of them were built with fantastic funding figure. Well, following are six startup companies with the largest funding or investment value in Indonesia.  1.Go-Jek Go-Jek is a startup of ride-hailing application (in Indonesia this is called online transportation); the company founded by […]

Retail Asia17/03/2017
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6min0
Defying an escalating anti-alcohol movement and conservative bureaucrats in the world’s most populous Muslim-majority country, Indonesia’s only craft brewer is tapping into demand for better quality booze among the country’s small number of drinkers. Despite the fact about 90% of Indonesia’s population is Muslim, and in theory banned from drinking, most practise a moderate form […]

Retail Asia17/03/2017
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2min0
Singapore-based confectioner Delfi today announced plans to pull out of PT Ceres Meiji Indotama (CMI) – a confectionery manufacturing joint venture in Indonesia with Japanese pharma-to-food group Meiji Holdings. Delfi said the proposed sale of its 50% stake in CMI for US$8.3m will allow Delfi to “re-deploy financial and human resources to focus on growing our business, both in […]


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