Tag: indonesia

Retail Asia09/07/2021
Bukalapak-1280x819.jpg
1min0
Indonesia’s Bukalapak launched an up to $1.13 billion IPO ahead of next month’s listing, marking the country’s biggest issue in over a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet seen by Reuters. The e-commerce company, which counts Singapore sovereign investor GIC […]

Retail Asia06/07/2021
123360638-1024x682.jpg
4min0
On Saturday, July 3rd, AirAsia Indonesia announced that it would be suspending its operations for at least a month due to the worsening COVID-19 situation in the country. The airline has called its suspension a form of support for the Indonesian government’s efforts in tackling the virus. According to a statement issued by the AirAsia Group subsidiary, […]

Retail Asia29/06/2021
Indosat-Ooredoo-6-1024x683.jpg
4min0
Indosat Ooredoo, Indonesia’s leading digital telco, announced the first commercial deployment of Segment Routing over IPv6 (SRv6) in Southeast Asia to support the development of its 5G services across the country. Partnered with Cisco, Indosat Ooredoo is transforming its Transport infrastructure into a state-of-the-art, programmable, 5G-ready transport network supported by IPv6 segment routing technology (SRv6) […]

Retail Asia28/06/2021
axiata-1280x853.jpg
8min0
Axiata Group Berhad (“Axiata” or “the Group”) has embarked on an ambitious network transformation program, leveraging Open Radio Access Networks (Open RAN) as a key technology for mobile networks designed to narrow the digital divide and enhance rural connectivity across Asia. Eyeing large-scale commercial deployments by year-end, the Group has successfully conducted Open RAN commercial […]

Retail Asia22/06/2021
carwash-1280x720.jpg
1min0
Vietnam imported 9,400 vehicles from China in the first five months of the year, 6.5 times higher than in the same period last year, according to the customs department. Of them, nearly 5,600 were special purpose vehicles and 2,840 were trucks, with passenger cars accounting for the rest. China remained the third-largest source of vehicles […]

Retail Asia11/06/2021
line-messaging-app-1024x576.jpg
2min0
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 Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank, and LINE Financial Asia. Line Bank […]

Retail Asia07/06/2021
Bank-Jago-1280x960.png
1min0
The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain in-country, according to an announcement this week. The digital bank will use Mambu’s SaaS banking platform and Google Cloud to offer new services to meet the needs and demands of Indonesian customers. Bank Jago launched its smartphone app in […]

Retail Asia18/05/2021
grab.jpg
3min0
Indonesia headquartered on-demand multi-service platform and digital payment technology group Gojek and e-commerce platform Tokopedia have completed Indonesia’s largest-ever deal to create GoTo, Southeast Asia’s largest privately held technology firm. Amid growing competition among e-commerce platforms and super-apps, Gojek and Tokopedia giants have merged to form a multi-billion dollar company that will span e-commerce, e-payments, courier […]

Retail Asia12/05/2021
Tidak-Liburan-Ke-Luar-Kota-Ide-Staycation-Dan-Liburan-Di-Jakarta-Ini-Akan-Sangat-Membantu-Kalian-1024x730.jpg
1min0
Retail sales in Indonesia fell at a slower pace of 14.6per cent on annual basis in March, compared with an 18.1per cent fall in February, a central bank survey showed on Tuesday. Stronger fuel sales were supportive, although sales of clothes and recreational amenities continued to show drops during the month, the survey showed. Bank […]

Retail Asia10/05/2021
OCBC-1024x681.jpg
3min0
The quarter’s earnings were driven by broad-based income growth and lower allowances. OCBC Bank recorded a net profit of S$1.5 billion ($1.13 billion) for the January-March period, a jump of 115 percent from the same period last year (S$698 million), and 33 percent higher than the preceding quarter (S$1.13 billion), according to financial results posted on Friday. The bank […]

Retail Asia21/04/2021
gojek.jpg
2min0
The number of motorbike taxi drivers riding for ride-hailing firm Gojek Vietnam has crossed the 200,000 mark with millions of commuters using its app. Competitor Be said last month it had 100,000 motorbike and car drivers. Singapore’s Grab, the market leader, has not released its driver figures for the two years. It had reported in […]

Retail Asia19/04/2021
Citi-Bank-1280x880.jpg
1min0
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale and growth potential, it stated, adding its main markets will include Singapore, Hong Kong, the United […]

Retail Asia30/03/2021
Indosat-Ooredoo-6-1024x683.jpg
5min0
Ooredoo  today announced that its Indonesian operating company, PT Indosat Tbk. (“Indosat Ooredoo”), has signed a sale and leaseback agreement with PT EPID Menara AssetCo (“Edge Point Indonesia”) for more than 4,200 telecommunications towers. PT EPID Menara AssetCo is an Indonesian subsidiary of Edge Point Singapore, which is wholly owned by Digital Colony, a leading […]

Retail Asia23/03/2021
levis-1280x853.jpg
1min0
The store represents the brand’s largest store yet in Southeast Asia, and features the brand’s new ‘Next Gen’ design concept. The new store is located in Grand Indonesia East Mall and features a range of technology features including Levi’s first associate ordering system, which is part of a broader omni-channel shopping experience. The new store […]

Retail Asia18/03/2021
Validus-1280x854.jpeg
2min0
The platform, which caters to the financing needs of micro, small, and medium enterprises (MSMEs) in the country, experienced strong growth in 2020. Batumbu, a subsidiary of Singapore-based Validus, has received regulatory approval to operate as a licensed digital financing platform in Indonesia, it announced in a statement. With the license, the startup will ramp […]

Retail Asia15/03/2021
Ted-Baker-台南南紡夢時代店-2-1024x681.jpg
3min0
The MENA deal is actually an extension to the current retail agreement Ted Baker has with Al-Futtaim Group but adds in new e-commerce and wholesale rights for the region. The all-new 10-year Indonesia dealx has been signed with PT Mitra Adiperkasa (MAP) for the retail license. The fellow-10-year Al-Futtaim agreement now means MENA will be Ted […]

Retail Asia11/03/2021
Grab-Vietnam.jpg
2min0
Gojek has joined rival Grab in backing Indonesian state-backed e-wallet company in its Series B funding round. Gojek’s joining as a strategic shareholder will provide LinkAja access to the Gojek ecosystem to support LinkAja’s mission in accelerating financial inclusion in Indonesia, LinkAja CEO Haryati Lawidjaja said in a statement. As part of the deal, the ride-hailing giant will […]

Retail Asia05/03/2021
Payfazz-1280x853.jpg
2min0
Both companies will be part of a newly formed financial entity that aims to provide inclusion through financial services across Southeast Asia. Singapore’s Xfers has received a strategic investment of $30 million from Payfazz, which operates the largest agent-driven banking network in Indonesia, to form Fazz Financial Group (FFG), according to a statement on Thursday. With this investment, […]


About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.


CONTACT US

CALL US ANYTIME

Most read



Retail updates

Stay up to date of the lates updates and retail news from Asia.








X