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Tag: indonesia

Retail Asia01/04/2016
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Living

Merck foresees healthy growth ahead in Indonesia

2min0
Publicly listed Merck, founded in 1970 as the Indonesian unit of German life science group Merck KGaA, expects double-digit growth in total sales in 2016 following a similar growth in its healthcare business last year. The biopharma business, for example, rose by 14.5% in 2015, above the industry average of 8% to 9%. On the […]
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Retail Asia01/04/2016
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General

Fuji keen to intensify cooperation with Indonesia

2min0
Fijian Minister for Agriculture, Rural, and Maritime Development and National Disaster Management Ina Seruiratu has expressed his countrys keenness to expand cooperation with Indonesia in various fields. “We have expanded our cooperation with Indonesia in areas such as agriculture, which is paramount for the two countries as well as in the field of residential development,” […]
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Retail Asia01/04/2016
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General

Garuda Indonesia Inaugurates Flight to London Heathrow

2min0
In a bid to strengthen its business expansion and nation branding in Europe, Garuda Indonesia today has inaugurated flight service to Heathrow Airport, London. Earlier, since September 2014, Garuda Indonesia has opened flight service to Gatwick Airport, London. “London Heathrow is the world’s 6th busiest airport with high passenger traffic. Garuda Indonesia’s service in the […]
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Retail Asia31/03/2016
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General

Indonesian shoppers flock to Singapore as rupiah surges

1min
Tourist arrivals will spike this year. Buoyed by the resurgent rupiah, Indonesian holidaymakers are once again trooping to Singapore to shop and splurge, according to a report by Bloomberg. The rupiah has surged 9.9 percent against the U.S. dollar over the past six months, second only to Malaysia’s ringgit among emerging markets, as slowing inflation […]
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Retail Asia30/03/2016
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Telecom

Oh!K expands into Indonesia

2min0
K-entertainment fans in Indonesia will now be able to catch the latest and best Korean content within hours of its world premiere with the launch of Oh!K on Tribe. This new OTT service from XL, a telecommunications operator, offers its subscribers via the Tribe app exclusive access to fresh, first-run, localized and high-quality video, via […]
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Retail Asia30/03/2016
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Telecom

XL Axiata to sell more telecom towers for $250m

3min0
Indonesia’s XL Axiata has arranged to sell 2,500 more telecom towers for 3.56 trillion rupiah ($250 million) as part of an ongoing asset management reorgnization. XL has agreed to sell the towers to local tower operator Professional Telekomunikasi Indonesia (Protelindo) and rent most of them back for 10 years as the anchor tenant. Announcing the […]
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Retail Asia28/03/2016
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General

Australia Strengthens Presence in Indonesia

8min0
Australian Foreign Minister Julie Bishop, as part of her busy schedule, visited Jakarta, Makassar in South Sulawesi Province, and Bali during a working visit on March 20-23, 2016. Bishop started her agenda by holding meetings with her Indonesian counterpart Foreign Minister Retno Marsudi and Vice President M. Jusuf Kalla in Jakarta to discuss efforts to […]
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Retail Asia28/03/2016
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General

Jakarta Convention Center to hold biggest marine tourism expo

3min0
The Tourism Ministry supports the countries biggest marine adventure tourism exhibition, “Deep & Extreme Indonesia 2016”, which will be held at the Jakarta Convention Center, from March 31 to April 3, 2016. “The Tourism Ministry supports the organizing of the event. Lets explore the beauty of Indonesias underwater world,” Tourism Destination Development Deputy of the […]
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Retail Asia28/03/2016
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Finance

BNI Set to Penetrate ASEAN Market

1min0
Bank Negara Indonesia (BNI) president director Achmad Baiquni said that state-owned lender BNI would expand its business in other Southeast Asian countries, in addition to Myanmar. “There are some countries targeted by BNI, but we can’t reveal them yet, because it’s too early,” Baiquni told us during a tree-planting event at kilometer 59 of the Jakarta-Cikampek […]
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Retail Asia28/03/2016
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Research

All eyes on Indonesia’s e-commerce pie

8min0
Squinting at the electronic tablet screen, shopkeeper Maihar tapped the colourful icons to top up her customer’s mobile phone credit. “Today I sell phone credits. Tomorrow I will run an online grocery store from my bed,” the 59- year-old told The Sunday Times from her small provision shop in Jakarta, which she has been running […]
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Retail Asia26/03/2016
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Research

Everything you need to know about payments, ecommerce, and venture capital in Indonesia

19min0
Macquarie’s annual conference in Jakarta on telecoms, technology, and ecommerce is one you shouldn’t miss. Last week, it brought together top decision makers in Indonesia’s digital economy. Macquarie Group’s corporate advisory branch Macquarie Capital gained relevance in Asia’s tech industry through advising startups and tech companies on capital raising, IPOs, as well as mergers and […]
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Retail Asia26/03/2016
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Telecom

Equinix expands Jakarta data center

2min0
Equinix has expanded its JK1 data center in Jakarta, through its partnership with DCI Indonesia (DCI). Coupled with its alliance with DCI and a premium connection with the Indonesian Internet Exchange (IIX), the second phase of development at JK1 is an indicator of Equinix’s continued commitment to the region, the company said. JK1 phase two […]
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Retail Asia24/03/2016
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Food

Chicking Indonesia launched

3min0
UAE-based halal fast-food chain franchisee Chicking Indonesia has signed a master franchise agreement to open 20 outlets, starting with Java and Sumatra. Competing with major international brands like Burger King, KFC and McDonald’s, Chicking serves fried chicken and related products. The master franchise agreement is between BFI Management (DMCC), the franchise management division of Chicking, […]
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Retail Asia23/03/2016
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Telecom

Ericsson wins 4G network deal from XL Axiata

3min0
Swedish telecom gear maker Ericsson said that it has signed a three-year contract with Indonesian telco XL Axiata for design and implementation of 4G/LTE network and upgrade of existing 2G and 3G networks in Jakarta and Central Java. The agreement includes all hardware, software and services to deliver 4G/LTE services for XL Axiata’s subscribers. “We […]
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Retail Asia23/03/2016
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General

Indonesia Sees Tourist Visit Increase in Early 2016

2min0
Three big events namely, the Lunar New Year, cross-border promotion of Wonderful Indonesia Festival and total solar eclipse have boost the number of inbound tourists, particularly from China. I Gde Pitana, Deputy of Marketing Development of Foreign Tourism (Deputy BP3M) of Tourism Ministry, said that the majority of foreign tourists from China spent the Lunar […]
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Retail Asia23/03/2016
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General

Lippo Partners With GrabTaxi to Expand E-Commerce in Indonesia

4min0
Lippo Group, the Indonesian conglomerate founded by billionaire tycoon Mochtar Riady, will partner with GrabTaxi Holdings Pte for e-commerce deliveries in Southeast Asia’s largest economy. The founder’s grandson, John Riady, is spearheading Lippo Group’s foray into e-commerce with a $500 million investment in MatahariMall, an online version of its Matahari department store chain. Grab, a […]
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