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Retail Asia06/11/2016

Tata Motors and PT Pindad have signed a Memorandum of Understanding (MoU) for cooperation to explore market potential of Tata Armoured Vehicles in Indonesia and other regions of ASEAN. The MoU also includes a study to check the feasibility of locally assembling Tata Armoured Vehicles at PT Pindad’s facility, in Bandung in West Java province […]

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Retail Asia06/11/2016

The Executive Board of the World Bank has approved a US$400 million Development Policy Loan for the Indonesias Logistics Reform, which will be used to improve the countrys logistics system and connectivity. “These reforms will help Indonesia in achieving higher inclusive growth,” World Banks Country Director in Indonesia Rodrigo Chaves said in a statement received […]

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Retail Asia06/11/2016

Head of the East Nusa Tenggara provincial Agriculture and Plantation Service Yohanes Tay Ruba said the province would continue the program of opening of new rice fields in 2017. “Currently we are conducting rationalization and preparation of the program for the opening of new rice fields to be implemented in 2017,” Yohanes said here on […]

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Retail Asia06/11/2016

The Indonesia Port Corporation, PT Pelabuhan Indonesia (Pelindo) I, will build seaport infrastructure that supports food logistics transportation in order to reduce shipping costs and improve the quality of food products, Pelindo I Director Bambang Eka Cahyana said. “Right now we are paying attention to the food sector. In Belawan, North Sumatra, this year we […]

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Retail Asia05/11/2016

Foreign investors have expressed interest in healthcare business investments in Indonesia. Singapore-based Global Growth Markets (GGM) consultant said that India-based hospital group Apollo Hospitals is currently considering to build a telemedicine center and a hospital in Indonesia. In addition, Malaysia-based IIH Healthcare recently announced that they would tap into the Indonesian market as a part […]

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Retail Asia04/11/2016

Italian aerospace, defense and security company Leonardo-Finmeccanica sees an opportunity to expand its presence in Indonesia with sales of its helicopter products, company officials said here on Thursday. Head of Region for Leonardo Helicopters Lorenzo Pariani said here at the Indo Defense Expo 2016, Thursday, that Indonesia has a dynamic market to fill the needs […]

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Retail Asia04/11/2016

The countrys motorcycle industry has recorded a leapfrogging increase in production over the past several years, but the industry is still a minor player in export, Industry Minister Airlangga Hartarto has said. “The countrys production of motorcycles has increased 800 percent in the past three years but exports averaged only 300,000 units year,” the minister […]

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Retail Asia04/11/2016

Supermarket group Matahari Putra Prima (MPPA) of Indonesia recorded a net profit of RP32.6 billion (US$2.5 million) despite a drop in net sales to RP10.4 trillion for the nine months ended September 30. As expected, says the group in announcing its interim results, a change in date of the Lebaran national holiday from the third […]

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Retail Asia04/11/2016

Scania continues to reinforce its position in the Indonesian bus market. Transjakarta has now placed an order for 150 low-entry city buses in addition to the previously ordered 110 3-axle Scania buses that will be delivered later this year. The public transport operator in the Indonesian capital already has 108 articulated Euro 6 Scania gas […]

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Retail Asia04/11/2016

The government is intensifying efforts to support the country’s longstagnant pharmaceutical industry after opening up the sector to foreign investment in its latest revision to the negative investment list (DNI). The efforts were evident at a dialog on “Expediting the Development of Indonesia’s Pharmaceutical Industry” organized by the Investment Coordinating Board (BKPM) on Thursday that […]

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Retail Asia04/11/2016

The government is intensifying efforts to support the country’s longstagnant pharmaceutical industry after opening up the sector to foreign investment in its latest revision to the negative investment list (DNI). The efforts were evident at a dialog on “Expediting the Development of Indonesia’s Pharmaceutical Industry” organized by the Investment Coordinating Board (BKPM) on Thursday that […]

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Retail Asia04/11/2016

Former Manchester United stars Ryan Giggs and Gary Neville will open a football-themed cafe in Singapore next year as part of a business venture with real-estate firm Rowsley. Gary Neville (left) and Ryan Giggs team up. Cafe Football is the first overseas venture for the UK franchise, which also includes Hotel Football just beside Old […]

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Retail Asia04/11/2016

Russia-Indonesia Business Council expects an increase in the number of Indonesian tourists to Russia and vice versa in 2016 and the coming years, in order to strengthen relations and economic cooperation between the two countries. A statement from the Russia-Indonesia Business Council received by ANTARA here on Thursday said that tourism was a topic of […]

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Retail Asia03/11/2016

The Communications and Information Ministry is trying to propel small and medium enterprises (SMEs) into regional and global markets, by providing free domain names to help them take advantage of the country’s growing e-commerce sector. The government will provide the free domain names to about 8 million SMEs in all parts of the country until […]

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Retail Asia03/11/2016

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Indonesia’s flag carrier, Garuda Indonesia, posted net income of US$19.6 million during the third quarter of this year 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 the financial efficiency policy. “This positive result was achieved through non-stop […]

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Retail Asia03/11/2016

Indonesia recorded 8.36 million visits by foreign tourist until September this year or an increase of 8.5 percent year-on-year. Tourism Minister Arief Yahya said here on Thursday the increase gave greater optimism that the target of 12 million visits by foreign tourists to the country this year would be achieved. “In three consecutive months – […]

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Retail Asia02/11/2016

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Korea Aerospace Industries, the country’s sole aircraft manufacturer, said Wednesday it had signed an initial agreement with an Indonesian company to sell its products in the global market. In the 2016 Indo Defence Expo and Forum set to run from Wednesday through Saturday in Jakarta, KAI and PT Dirgantara Indonesia (PTDI) agreed to carry out […]

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Retail Asia02/11/2016

As tourism slowly takes its place as a new engine of economic growth, the government is making aggressive plans to improve and promote new tourist destinations. Morotai in Maluku, Labuan Bajo in West Nusa Tenggara and Tanjung Lesung in Banten are three names that may sound unfamiliar to the domestic and international community, but they […]

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Retail Asia02/11/2016

Indonesia’s House of Representatives has passed amendments to the controversial Electronic Information and Transactions Law to reduce penalties and set more clear definitions. The strict law lays out tough penalties including jail time for online defamation and “online intimidation,” and has provoked controversy on multiple occasions due to its use to stifle what is seen […]

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Retail Asia02/11/2016

Indonesian Muslim fashion brand Elzatta Dauky by Elhijab successfully penetrated the UK market at the Muslim Lifestyle Expo in Manchester city over the weekend. “Elzatta Dauky is participating in this exhibition for the second time, having appeared previously at the Indonesian Weekend,” the companys Head of Brand Strategy Ina Binandari said here on Tuesday. In […]

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