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Retail Asia16/03/2016

Vietnam will join worlds largest natural rubber producers to cut exports in a bid to shore up the shrinking price of that commodity. Vietnam will follow Thailand, Indonesia and Malaysia to cut its imports of natural rubber by 15 percent starting March 1 until August 31, the Indonesian association of rubber companies (Gapkindo) said. Earlier […]

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Retail Asia16/03/2016

The world’s three largest rubber producing countries Indonesia, Thailand, and Malaysia, have agreed to start reducing rubber exports. As members of the International Tripartite Rubber Council (ITRC), the three countries decided on this policy to boost rubber prices in the global market. The Indonesian Rubber Companies Association (Gapkindo), the government’s official partner in implementing the […]

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Retail Asia16/03/2016

The Indonesian government held a closed-door meeting to discuss efforts to boost investment and business through the implementation of an easy and fast licensing service. “We should improve all aspects of licensing in relation to issuing building and environmental permits as well as authorization,” President Joko Widodo stated during the opening of the meeting here […]

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Retail Asia16/03/2016

Indonesia’s retail sales in January grew 12.5 per cent from a year earlier, bolstered by information and telecommunication equipment especially electronics, a Bank Indonesia survey showed on Friday. December annual retail sales growth was revised up to 11.4 per cent from the previously reported 10.4 per cent. The survey of 700 retailers in 10 major […]

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Retail Asia16/03/2016

A French business delegation met the Coordinating Minister for the Maritime Affairs Rizal Ramli to study possible investment in maritime sector in the country. “We received a 20-member delegation of business people grouped in Maritime Cluster from France. They are interested in business cooperation in maritime , energy, technology and other sectors, Rizal said. The […]

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Retail Asia16/03/2016

The Indonesian rupiah strengthened 72 points to Rp12,980 per dollar on Friday evening, compared to Rp13,052 per dollar the day before. Developed countries decision to adopt a zero interest rate policy made the yield less interesting and money market investors diverted their funds to developing countries, money market observer Rully Nova said here on Friday. […]

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Retail Asia16/03/2016

Taipei, March 12 (CNA) Taiwan’s top financial supervisor, the Financial Supervisory Commission (FSC), has urged financial institutions in Taiwan and Indonesia to open outlets in each other’s country after they signed an memorandum of understanding (MOU) to speed up cooperation in supervising financial businesses. The FSC inked the cooperation MOU Friday with its Indonesian counterpart […]

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Retail Asia15/03/2016

When Indonesia’s first Formula One driver Rio Haryanto makes his debut with the Manor Racing team at the new season on March 20, he is likely to set the hearts of female fans a flutter. The only Asian to be on the starting grid boasts not only a chiselled jaw and dashing good looks, but […]

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Retail Asia14/03/2016

Indian footwear and outdoor gear brand Woodland is planning to open stores in China, Malaysia and Singapore along with franchising its brand in other markets. Woodland is also taking the eCommerce route as part of its expansion, and is hiring social-media teams to run campaigns and online selling platforms in local languages. After announcing plans […]

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Retail Asia14/03/2016

Japan, the third largest foreign investor country in Indonesia, is showing interest in expanding their businesses in the food sector after seeing progressive developments of the Japanese society in Indonesia.”I have received reports that several Japanese food companies are contemplating entering Indonesia after observing the spurt in the number of Japanese restaurants and grocery stores […]

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Retail Asia14/03/2016

US retailer Charming Charlie has opened its pink doors in the Philippines. And following this Asian debut, the US-based fashion retailer is now eyeing Malaysia, Indonesia, Korea and China for expansion. The company had first expanded in Canada and the UAE before opening a store in Bonifacio High Street in Manila last year. With big […]

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Retail Asia13/03/2016

Vice President Jusuf Kalla inaugurated the Indonesia International Furniture Expo (Ifex) at the Jakarta International Expo Kemayoran on Friday. “I highly laud the efforts to increase the exports of furniture through such an international furniture expo,” Kalla noted in his opening remarks at the JIEXPO Kemayorans Semeru Room. The vice president noted that furniture and […]

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Retail Asia13/03/2016

Indonesia Fashion Week (IFW) 2016 with theme of “Reflection of Culture” is officially opened today, March 10, at the Jakarta Convention Center and will be held from until March 13, 2016. “IFW aims to accommodate Indonesian designer needs, both in central and regional,” IFW 2016 President Poppy Darsono said at the opening eventon Thursday, March 10. […]

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Retail Asia10/03/2016

Vietnam is on the radar for Hong Kong clothing retailer Giordano International, both as a market and supplier. With its steady growth in the emerging market, the company is planning to establish a legal entity Giordano Vietnam. It is also eyeing the country as a source market for product, while it continues to develop sourcing […]

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Retail Asia09/03/2016

A Japanese noodle firm in Hyogo Prefecture has expressed readiness to meet administrative requirements such as halal certification for its food products to be sold to Indonesian consumers. The Japanese company notified the representative office in Tokyo of the Indonesian Capital Investment Coordinating Board (BKPM) on its readiness to meet the halal certification for its […]

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Retail Asia09/03/2016

Indonesia promoted the Wonderful Indonesia brand at the biggest tourism exhibition in Portugal, called Bolsa Turismo de Lisboa (BTL), at the Feira Internacional de Lisboa (FIL) Lisbon. The event was organized by the Association of Industries of Portugal (AIP) and was opened by the Prime Minister of Portugal, Antonio Costa. Indonesian pavilion featured art performances […]

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Retail Asia09/03/2016

Indonesia has the opportunity to become an automotive production hub for the ASEAN and gradually replace Thailand as a car production base, according to the Ipsos Business Consulting Firm. “This is evident from the output trend of vehicle production, policies, and infrastructure, which continue to undergo improvements followed by increasing production capacity, domestic consumption, and […]

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Retail Asia08/03/2016

Toys’R’Us has announced that Monika Merz, president, Asia Pacific, will retire effective May 31. Her successor will be named later. As president of Toys’R’Us Asia Pacific, Merz oversees all operations and business activities for the company’s more than 300 stores in Japan, Southeast Asia, Greater China and Australia, responsible for the continued growth, profitability and […]

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Retail Asia08/03/2016

Three Indonesian eCommerce platforms are about to be launched – by Astra Graphia, CT Corp and a joint venture formed by the Salim and Lotte Groups. This comes after forays into eCommerce in the past 12 months by such Indonesian conglomerates Lippo Group (MatahariMall and Venturra Capital), Sinar Mas Group (SMDV) MNC Group (BrandOutlet) and […]

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Retail Asia08/03/2016

Three Indonesian nationals, who graduated from universities in UK, received awards from the UK government at the British Council’s Education Alumni Award 2016 held on Thursday, March 3, 2016. The three graduates are Betty Purwandar, director of information technology at the University of Indonesia, Theresia Alit Widyasari, young entrepreneur and founder of three clothing companies, […]

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