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Retail Asia09/11/2016

The Tourism Ministry is promoting a tourism brand of Wonderful Indonesia at the global travel fair of World Travel Market (WTM) in London from November 7 to 9, 2016. By promoting the event, the ministry is featuring the beauty of Banyuwangi (East Java) images on five decker buses from October 31 till the end of […]

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Retail Asia09/11/2016

Indonesia is facing the problem of a growing number of elderly people who are expected to reach over 32 million in the next two decades. Indonesia’s elderly in 2010 was 4.9 percent of the population, or 11,878,236 people. This number is projected to increase to 10.8 percent, or 32,112,361 people in 2035. Senior researcher Sukamdi […]

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Retail Asia09/11/2016

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President Joko Widodo (Jokowi) said he hopes the countrys economy could grow more than six percent in 2018 that the 2018 state budget would get healthier. “In entering the year 2018, the first thing we want is a growth of more than six percent,” the president said when opening a plenary session of the cabinet […]

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Retail Asia09/11/2016

Australian Minister of Trade, Tourism and Investment Steven Ciobo has met Indonesian Minister of Trade Enggartiasto Lukita in Australia on Sunday to discuss free trade agreements. Press releases from the Department of Foreign Affairs and Trade of Australia received by ANTARA here on Sunday said that Minister Enggartiasto is visiting Australia to discuss the Indonesia-Australia […]

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Retail Asia09/11/2016

Australia led the ten top sources of tourist arrivals in the resort island of Bali in the January-September 2016 period, an official said. “The number of Australian tourists visiting Bali in the first nine months of this year reached 850,326, up 16.85 percent from 727,678 in the same period last year,” chief of the Central […]

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Retail Asia09/11/2016

IPMG members – including Novartis, Merck, Bayer, Boehringer Ingelheim, and Pfizer – have invested more than USD $1 billion in Indonesia’s pharmaceutical industry over the past few years, particularity for the construction of factories and clinical research (source: AmCham Indonesia). An example is Bayer, which recently invested 8.1 million euros in the expansion of its factory […]

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Retail Asia09/11/2016

The Indonesian Young Entrepreneurs Association (Hipmi) of Yogyakarta supports the governments plan to formulate an e-commerce roadmap by early 2017. “The e-commerce roadmap to be launched by the government is a step in the right direction as it will encourage Indonesian young entrepreneurs and help them in expanding their business,” a Yogyakarta Hipmi member, Gunarta […]

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Retail Asia09/11/2016

Indonesia will start to operate 8 kilometers of the 11-kilometers section of the new Bekasi-Cawang-Kampung Melayu (Becakayu) toll road connecting Bekasi City and Jakarta by March 2017. “I believe by March, the 8 kilometers toll road can start operations. I hope we can operate both lanes, so there will be 16 kilometers of the new […]

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Retail Asia09/11/2016

Indonesian consumer confidence rose again in the third quarter of this year in line with their increasing confidence for the government’s recent economic policies, global research company Nielsen revealed on Wednesday. According to Nielsen’s Global Consumer Confidence Survey, the Indonesian consumer confidence index increased by three points to 122 in the third quarter from the […]

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Retail Asia08/11/2016

The Indonesia Industry Ministry will continue to encourage and increase fish consumption in various regions to raise domestic demand for fish, in an effort to advance the maritime and fisheries sector. “We will boost fish consumption, apart from exports, through developing traditional fish industry, which would increase the demand in the fishery sector at home,” […]

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Retail Asia08/11/2016

The railway service connecting Jakarta to Soekarno-Hatta International Airport in Tangerang, Banten Province, should be complete and fully operational by July 2017, President Director of PT Railink Heru Kuswanto said here Monday. The service will provide 124 trips per day, with each train consisting of 10 coaches capable of transporting 274 passengers per trip. It […]

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Retail Asia08/11/2016

National mining company PT. Aneka Tambang (ANTAM) and Australian mining company Newcrest Mining Ltd. are building a partnership in order to explore gold and copper potential in Indonesia. A statement released by the Australian Embassy on Sunday, November 6, 2016, mentioned that the collaboration document between both countries was signed by Indonesian Trade Minister Enggartiasto […]

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Retail Asia08/11/2016

Indonesian Economic and Trade Office to Taipei (KDEI) is expecting more than 250 thousand tourist arrivals from Taiwan to Indonesia by the end of 2016. “In 2015, the number of Taiwanese tourists visiting Indonesia was 211 thousand. Hopefully, by the end of this year, this number will increase as we are also actively promoting tourism […]

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Retail Asia08/11/2016

Indonesia’s economy grew largely in line with market expectations in the third quarter, though lower government spending and a slowdown among its major trading partners proved a drag on growth. Data released by the statistics bureau yesterday showed Indonesia grew 5.02 per cent in the July to September quarter from the same three-month period last […]

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Retail Asia08/11/2016

The Indonesia Central Bureau of Statistics (BPS) said in August, 2016, the country had 7.03 million jobless people among 125.44 million of labor force. “Compared with August, 2015, the number of working people rose 3.59 million and the number of jobless people declined 530,000. The number of workforce, therefore, increased 3.06 million in August, 2016,” […]

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Retail Asia08/11/2016

Despite economic growth slowing in the third quarter, the government remains optimism that better state budget realization will lead to an economic rebound by year-end. Economic growth slowed to 5.02 percent year-on-year (yoy) in the third quarter amid a reduction in government spending and weak international trade, the Central Statistics Agency (BPS) announced on Monday. […]

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Retail Asia08/11/2016

The interbank exchange rate of rupiah in Jakarta moved higher by 23 points, reaching 13,045 rupiah per one US dollar compared to 13,068 rupiah previously. “Rupiah strengthened against US dollar in line with the growth indicated in the just released domestic economy data,” said Woori Saudara Indonesia Tbk money market watcher Rully Nova in Jakarta […]

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Retail Asia06/11/2016

Garuda Indonesia, booked net income of USD 19.6 million or IDR 254.8 billion (exchange rate IDR 13,000 per USD) during the third quarter (July – September period) of 2016 as an outcome of the initial implementation of the ‘Sky Beyond’ strategy, with a focus on Return Maximization as well as the continuous proportional implementation of […]

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Retail Asia06/11/2016

The number of visits by Chinese tourists to Bali shot up 35.84 percent to 741.740 in the first nine months of this year from 546,035 visits in the same period last year. “The number of visits by holiday makers from China is now the second largest after those from Australia, which has continued to top […]

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Retail Asia06/11/2016

Japanese motorcycle manufacturers are promoting their products at the Indonesian Motorcycle Show 2016 in Jakarta, with Suzuki Motor Corp. using the biennial event to unveil its latest models. Suzuki took the wraps off the GSX-R 150 and GSX-S 150 sport motorcycle models at the five-day show, which runs until Sunday, giving the Indonesian public an […]

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