Tag: indonesia

Retail Asia01/02/2017
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4min0
By 2019, 20% of local and regional governments in Indonesia will use IoT devices to turn infrastructure like roads, street lights, and traffic signals into assets instead of liabilities, IDC predicts. This year, however, it said 90% of Indonesian cities will fail to take full advantage of smart city data and digital assets due to […]

Retail Asia01/02/2017
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2min0
State-owned lender Bank Rakyat Indonesia (BRI) last year posted a net profit of Rp25.8 trillion, up 2.18 percent from a year earlier. The profit growth was attributable to the banks prudential efforts as indicated by a rise in the ratio of reserves to non-performing loans to 170.53 percent in 2016 from 151 percent in 2015. […]

Retail Asia01/02/2017
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2min0
State-owned Indonesia Eximbank will play a pivotal role in boosting small and medium enterprise (SME) exports through export based people’s business credit (Kurbe) and an incubator program. Indonesia Eximbank acting president director Suswijono Moegiarso said it already disbursed Rp 1 trillion (US$74.95 million) Kurbe in 2016, a cross subsidy between big debtors and SMEs. For 2017, […]

Retail Asia26/01/2017
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2min0
The national flag carrier Garuda Indonesia Airlines has continued to focus on renegotiating contracts and implementing Good Corporate Governance (GCG), despite an alleged involvement of the airline’s ex-president Emirsyah Satar in aircraft engine purchase graft case. “It doesn’t interfere because Garuda had been focusing on GCG, contract renegotiation and cost efficiency since the last two […]

Retail Asia26/01/2017
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6min0
The government and state owned enterprises have sent a strong signal that they will strengthen the role of Tanjung Priok Port as an international trade hub, taking over a slice of the transshipment market currently dominated by Singapore. Transportation Ministry Director General for Sea Transportation Antonius Tonny Budiono said the government and state-owned port firms, […]

Retail Asia26/01/2017
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2min0
Mercedes-Benz Distribution Indonesia (MDI), the local distribution arm of German car manufacturer Daimler AG, launched on Tuesday the fifth generation of its mid-size luxury sedan E-Class. The sedan is assembled from the completely knocked-down (CKD) version in its Wanaherang plant, following an earlier move to introduce the completely built-up (CBU) version last August. MDI president […]

Retail Asia25/01/2017
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2min0
Indonesia’s retail/media conglomerate CT Corp is partnering with cinema companies to open movie theatres in its retail complexes. CT retail arm Trans Retail has announced a partnership with Graha Layar Prima, which runs the Korean-owned CGV cinema chain (formerly known as Blitz Megaplex), to develop cinemas at CT’s Transmart Carrefour stores across Indonesia. Launched last […]

Retail Asia25/01/2017
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2min0
Indonesia’s Indosat Ooredoo has entered an alliance to provide a range of enterprise services combining its products with satellite connectivity from Thuraya. Under the agreement, new services will be developed using Indosat SIMs roaming on the Thuraya network, as well as satellite services bundled with Indosat Ooredoo digital applications. In the near future, the partners […]

Retail Asia24/01/2017
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10min
Supermal Karawaci, one of the largest mall entertainment center in Western Jakarta, has launched an interactive mobile application that would allow retailers to offer personalized content and engage with customers better. The 125,000-square-meter retail destination in Banten Province, West of Jakarta has over 1,000 retail stores and outlets, three cinemas and the largest Timezone arcade […]

Retail Asia24/01/2017
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4min0
Digital transformation will attain macroeconomic scale in Indonesia over the next 2-3 years, according to new predictions from IDC. The analyst firm says this will change the way enterprises operate and reshape the global economy. IDC calls this as the dawn of the DX Economy. “As digital transformation reaches macroeconomic levels, a DX economy will […]

Retail Asia24/01/2017
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2min0
Bitcoin, a cryptocurrency that uses cryptography to make transactions anonymous, has penetrated deeper into the Indonesian market even though there is currently no legal umbrella for the currency’s use in the country. Bitcoin Indonesia currently has 250,000 members, up from 80,000 at the end of 2015, with a daily transaction value of Rp 20 billion […]

Retail Asia23/01/2017
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5min0
Jumping on the bandwagon of local cell phone production, newly-founded cooperative Koperasi Digital Indonesia Mandiri (KDIM) on Friday started the production of a locally built smartphone under the brand of Digicoop. The smartphone is set to bolster the domestic cell phone market currently dominated by big players, especially foreign manufacturers. The initial model comes with […]

Retail Asia23/01/2017
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2min0
Bali is expected to attract 40 percent of the total target of 15 million foreign tourists to Indonesia in 2017. The province has been given a bigger portion than other regions because it still remains the prime destination for foreign tourists, according to the Assistant Deputy for Tourism Human Resource Development, Wisnu Bawa Tarunajaya, on […]


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