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Retail Asia03/01/2017

One resort, planned as the largest in Bali, will overlook a spectacular Hindu temple. The other, in the verdant hills of West Java, will adjoin a theme park. The properties will be so luxurious, the Trump Organisation says, that even an impressive five-star rating will not do them justice. So it will give them six […]

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Retail Asia29/12/2016

Apple is turning to manufacturing partner Foxconn to facilitate efforts to expand both research centers and business further into Southeast Asia, and open up facilities in China and Indonesia, according to recent reports Foxconn has been manufacturing for Apple for over a decade. While Apple’s Indonesian presence is somewhat limited at the moment, Foxconn has […]

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Retail Asia29/12/2016

The Indonesian government intends to encourage local exporters in North Sulawesi to sell nutmeg to Germany, as the country was the number one buyer of the spice in 2016. “The (nutmeg) demand from the Germans is high, with exports occurring every week,” said Secretary of Trade and Industry Department Darwin Muksin here on Tuesday. According […]

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Retail Asia29/12/2016

State-owned Bank Mandiri has disbursed Rp1.2 trillion to state-owned railway firm PT KAI for the development of a double-track railway in South Sumatra. Senior Executive Vice President of Bank Mandiri Alexandra Askandar in the signing of the agreement with KAI on Tuesday said the special transaction loan has a term of 10 years. “The development […]

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Retail Asia29/12/2016

President Joko Widodo (Jokowi) revealed on Tuesday that the price of electricity in Indonesia was higher compared to other countries because power companies were saddled with unnecessary costs. “Our electricity is expensive because players are burdened by too many unnecessary costs,” the president said when inaugurating a geothermal power plant (PLTP) in Tomposo, Minahasa, on […]

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Retail Asia29/12/2016

Indonesian Retailers Association (Aprindo) said that this year’s retail performance has been better than last year. Aprindo chairman Roy Mandey is confident that volume of retail sales will increase 10 percent this year. “We are confident of ending 2016 with 10 percent increase in volume of retail sales compared to last year,” Roy Mandey said […]

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Retail Asia29/12/2016

Airborne logistics networks are expanding in Asia as demand for air cargo delivery in the region is forecast to roughly double in volume over the next two decades. Garuda Indonesia and budget carriers are rapidly expanding operations to capitalize on the increase of goods traded via e-commerce as well as electronic products and parts. But with […]

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Retail Asia29/12/2016

Lippo Malls Indonesia Retail Trust was listed over nine years ago on November 2007. It was the first real estate investment trust that focused on Indonesian retail malls in Singapore’s stock market. Today, LMIRT remains the only REIT in Singapore with that focus. The REIT currently has a portfolio of 19 retail malls and seven […]

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Retail Asia27/12/2016

Indonesian Anti-Dumping Committee (KADI) has initiated an anti-dumping investigation of relevant colour-coated steel sheet imports from China and Việt Nam. This was revealed by the Việt Nam Competition Authority (VCA) under the Ministry of Industry and Trade. VCA said the investigation could be implemented for 12 months and extended to 18 months if required. The decision was made […]

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Retail Asia26/12/2016

President Joko Widodo (Jokowi) has said Jakarta should aim to become the global sharia financial center as Indonesia has the worlds largest Muslim population. “Ive ever conveyed (it) to chairman of the Financial Services Authority (OJK) that it is natural if we make Jakarta as the world sharia financial center,” Jokowi said, at a gathering […]

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Retail Asia26/12/2016

Bank Negara Malaysia, Bank Indonesia and the Bank of Thailand (BoT) signed two bilateral memoranda of understanding (MoUs) yesterday to facilitate the use of local currencies for settlements of trade and investments. A joint statement said Bank Negara and BOT, respectively, signed MoUs with Bank Indonesia on a framework of cooperation to promote the settlement […]

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Retail Asia26/12/2016

Balis economy grew 6.17 percent in the third quarter of this year, exceeding the national average growth of 5.02 percent year-on-year in the third quarter of this year. “The growth, however, was slowed than 6.54 percent in the previous quarter,” head of the Bali representative office of Bank Indonesia Causa Iman Karana said here on […]

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Retail Asia26/12/2016

J.Co Donuts & Coffee, the Indonesian ‘lifestyle cafe’ chain has further expanded its Asian footprint, opening its first store in Hong Kong this week. The 11 year-old brand now has 250 stores in its home market,Malaysia, Singapore and the Philippines – and now on Hennessy Road in Wan Chai. A review in Coconuts Hong Kong […]

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Retail Asia26/12/2016

The tourist resort province of Bali, which had received 4.07 million foreign tourist arrivals up to October, is expected to have attracted more than 4.4 million more tourists by the end of the year. “Foreign tourist arrivals account for 40 percent of the national target of about 15 million tourists,” said the Head of the […]

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Retail Asia22/12/2016

Africa’s largest airline group, Ethiopian Airlines, on Wednesday announced its plans start scheduled flight services to Jakarta, the Indonesian, in June 2017. According to a statement released on behalf of Ethiopian Airlines by Jedidah Promotions, a travel consulting group, the African aviation giant, will be using the ultra-modern Boeing 787-800 to link up its numerous customers […]

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Retail Asia22/12/2016

The 15-year-old Australian-born specialty coffee powerhouse Toby’s Estate has expanded its roasting and retail presence to Indonesia, opening a flagship location in Jakarta on Dec. 10. Founded by Toby Smith in Sydney in 2001, the company has since expanded to New York and the Philippines, with each market receiving its own roasting division and brand under the Toby’s […]

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Retail Asia22/12/2016

In order to support Bank Indonesia’s (BI) plan for an integrated payment system called National Payment Gateway (NPG), four banks inked an agreement on interoperability and interconnectivity of debit cards and electronic money on Wednesday. The agreement was signed by state-owned lender Bank Rakyat Indonesia (BRI), Bank Mandiri, Bank Negara Indonesia (BNI) and the country’s […]

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Retail Asia22/12/2016

Tourism Minister Arief Yahya said that investment realization in tourism sector during January to September 2016 reached US$1,094 billion (Rp14.7 trillion), a 23 percent increase year-on-year. “The highest [percentage of] investment was made in star hotel development,” Arief said yesterday as quoted from the Tourism Ministry website. Tourism investment realization comprised of foreign investment (PMA) of […]

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Retail Asia21/12/2016

Back in June, BlackBerry announced a new partnership with Indonesia-based Emtek to help expand the consumer BBM business. Since then, several inaccurate articles have come out about who now owns BBM and most recently, several outlets published articles noting that BlackBerry would be moving BBM server(s) to Indonesia. Looking to clear the air surrounding that […]

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Retail Asia21/12/2016

Apple is working hard to break into the Indonesian smartphone market, announcing plans to invest roughly $44 million in a research and development (R&D) center over the next three years. The investment will let the company sell its iPhone 7 there after the Indonesian government recently announced that as of January 2017, all 4G-enabled phones […]

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