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Tag: indonesia

Retail Asia25/02/2016
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General

Malaysia to Invest in Indonesian Startup Companies

2min0
Malaysia Venture Capital Management Berhad (MAVCAP) held a meeting with the Indonesian Chamber of Commerce and Industry to talk about e-commerce.  With the revision of negative investment list, it is expected to facilitate the state’s investment towards digital business in Indonesia. Communications and Informatics Minister Rudiantara appreciates this intention.  However, he asked that Malaysia not only invests […]
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Retail Asia24/02/2016
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E-TailingFashion

BrandOutlet pushes Indonesian style

3min0
Local brands are a focus of a new eCommerce fashion venture in Indonesia. Part of the PT Media Nusantara Citra Group (MNC), BrandOutlet features fashion and beauty collections for women, men and children, reports the Jakarta Post. Not to be confused with the UK’s Brand Outlet, the new site devotes 6 per cent of its […]
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Retail Asia23/02/2016
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Food

Indonesia to expand seafood market to England

2min0
Indonesian government, through the Coordinating Ministry for Maritime Affairs and Resources, will work to expand the seafood market to England and North Ireland as part of an MoU for maritime cooperation signed by the two countries in July 2015. “The UK is the biggest seafood market for Indonesia, and the European Union accounts for 60 […]
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Retail Asia23/02/2016
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General

BKPM Launches Easy Investing Service

2min0
The Investment Coordinating Board (BKPM) has launched two investment services for the convenience of investors. The first service is called KLIK, which is short for Kemudahan Investasi Langsung Konstruksi, a.k.a. simplicity in direct investment for the construction sector. The second is a three-hour service for permit upgrade in the infrastructure sector. In the launching ceremony […]
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Retail Asia22/02/2016
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Finance

Game changer for Maybank Islamic

6min0
Malaysia’s biggest Islamic lender, Maybank Islamic Bhd, says the investment account (IA) business is set to be a game changer for the group in its effort to boost earnings growth amid the subdued banking landscape. The Islamic lender, which has total assets worth close to RM147bil, will focus on its new mudarabah (profit-sharing) investment fund […]
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Retail Asia22/02/2016
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Living

Indonesian Cities Now Charging Shoppers for Plastic Bags

3min0
The policy is imposed on all retailers, including supermarkets, stores and vendors at traditional markets. Bandung is adopting a more conservative approach, charging customers the minimum Rp 200 per bag, mayor Ridwan Kamil said at the initiative’s launching ceremony in Jakarta. The world renowned architect said that by charging customers for plastic bags, the city will […]
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Retail Asia22/02/2016
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E-Tailing

Indonesia’s MAP Group is the latest to venture into e-commerce

2min0
Indonesian lifestyle retail company PT Mitra Adiperkasa (MAP Group) has launched a fashion products portal MAP EMALL, with an aim to capture the country’s robust e-commerce sector. Targeting the middle and upper class segment, the online store will sell fashion products from leading brands such as Marks & Spencer, Lacoste, Mango, Swatch, Birkenstock, Nike, Adidas, Reebok, and Converse. MAP […]
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Retail Asia22/02/2016
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Automotive

Toyota ready to invest Rp5.4 trillion in Indonesia

2min0
The Toyota Motor Corporation (TMC) group is ready to invest Rp5.4 trillion in Indonesia this year, according to Industry Minister Saleh Husin. Husin received the pledge during a meeting with TMC Executive Vice President Seiichi Sudo in Nagoya, Japan, on Thursday. “Toyota is serious about doing business in Indonesia. This year, it will invest Rp5.4 […]
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Retail Asia22/02/2016
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E-Tailing

Lotte in joint e-commerce venture in Indonesia

4min
Lotte Group is planning a joint effort to enter the e-commerce market in Indonesia, which has a population of almost 250 million people. The company plans to start building up the e-commerce venture with Indonesia’s biggest conglomerate, the Salim Group, during the first half of this year and expects to be in full operation by […]
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Retail Asia22/02/2016
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Fashion

Furla Asia-Pacific plans more flagships

12min0
Luxury Italian brand Furla is planning more flagship stores in Asia as the region delivers strong growth for the 89-year-old family-owned company. In an exclusive interview with Inside Retail Asia, Furla CEO Eraldo Poletto explains how the company has bucked the decline in luxury spending in core markets like Hong Kong and Singapore during the […]
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Retail Asia19/02/2016
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Food

Pernod Ricard Asia troubles parent

2min0
Despite difficulties in Asian travel retail, particularly in Korea, liquor supplier Pernod Ricard reports solid first-half 2015/2016 results totalling €5b ($5.7b) and organic growth of 3 per cent. It says the results represent a continued gradual improvement apart from difficulties for the Chivasbrand in the pernod Ricard Asia portfolio. There was a negative mix driven […]
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Retail Asia19/02/2016
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E-Tailing

Rakuten Singapore axes eCommerce site

3min0
Japan’s online retailing giant Rakuten is to close its eCommerce websites in Singapore, Indonesia andMalaysia on March 1. And it is reportedly seeking a buyer for its Thailand business Tarad.com which it bought in 2010. The decisions follow a disappointing trading result which has prompted the business to refocus on its domestic operations and scale […]
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Retail Asia19/02/2016
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General

Asian retail outlook: “more cautious”

5min0
High operating costs – particularly rents and labor in Asia – will ensure retailers are more cautious this year, concludes real estate specialist CBRE. In its annual Asian retail outlook, the company’s research department predicts many retailers will shift their strategic focus from expanding their store networks to rationalisation, improving in-store profitability and upgrading to better […]
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Retail Asia19/02/2016
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Living

Courts Asia continues to defy downtown

2min0
Electronics and furnishings retailer Courts Asia has reported a modest 0.3 per cent increase in profits for the third quarter – against a background of a stagnant domestic market. The company’s sales grew a healthy 6.1 per cent – mostly due to increased sales of high value electronics such as iPads and smartphones. Total revenue […]
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Retail Asia18/02/2016
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Electronics

LG Claims No Layoff Plan in Indonesia

2min0
President Director of PT LG Electronics Indonesia Jaeyoung Lee has confirmed that there is no plan for layoff (PHK) at its two factories in Indonesia. “The economy is stabilizing and has shown signs of improvements and we will survive,” he said on Tuesday evening during the 2016 LG InnoFest Asia, at Grand Hyatt Hotel, Seoul. […]
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