jakarta

Don't Miss:

30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )

Retail Asia20/12/2016

2014-02-24T190315Z_889709639_LR1EA2O1GX4DR_RTRMADP_3_MOBILE-WORLD-SAMSUNG-1024x665.jpg

According to International Data Corporation’s (IDC) latest Quarterly Mobile Phone Tracker, total smartphone shipment in Indonesia in 2016Q3 recorded a slight Quarter-On-Quarter (QoQ) drop of 7% but still showed a moderate increase of 4% over the same period last year. “After the peak season of Lebaran ended, a stretch of quiet business begun in 2016Q3 […]

CONTINUE READING

Retail Asia20/12/2016

Indonesia’s central bank governor said yesterday that the bank is seeking to slash three zeros off the face value of rupiah notes to simplify its currency system. Bank Indonesia Governor Agus Martowardojo said he has asked President Joko Widodo to revive a previously shelved plan to redenominate the rupiah to make it “more efficient and […]

CONTINUE READING

Retail Asia19/12/2016

Car manufacturer PT Toyota Motor Manufacturing Indonesia (TMMIN) expects to see its exports fall by 5 percent this year mainly due to low demand in the Middle East. TMMIN vice president director Warih Andang Tjahjono said, a protracted security crisis in the Middle East and global oil price decline had impacted car demand in the region. […]

CONTINUE READING

Retail Asia19/12/2016

Filipino fashion retail brand Rusty Lopez opened its newest store in Jakarta on Thursday, featuring comfortable sandals and casuals made from Marikina, the Philippines’ shoe capital, according to a recent report of the Department of Trade and Industry’s Philippine Trade and Investment Center–Jakarta. The outlet in Sogo Lippo Mall Puri located in the St. Moritz […]

CONTINUE READING

Retail Asia18/12/2016

Filipino fashion retail brand Rusty Lopez has recently opened a new store in Jakarta, featuring comfortable sandals and casuals made from Marikina City, the Philippines’ shoe capital known for producing durable and high-quality footwear, according to the Department of Trade and Industry’s Philippine Trade and Investment Center – Jakarta. The store in Sogo Lippo Mall […]

CONTINUE READING

Retail Asia15/12/2016

Bank Indonesia predicted that the interest rate of consumer credits including housing credits(KPR) would decline in 2017 as a result of the relaxation of its monetary policy. Director of Macro prudential Policy of the Central Bank Dwityapoetra S. Besar, said here on Wednesday relaxation already began in the central bank monetary policy in 2016 though […]

CONTINUE READING

Retail Asia14/12/2016

The family of Rezky Yami Putri, 27, born with an imperfect three-fingered left hand half the size of a normal hand, was skeptical when she landed a job at Indonesia’s largest lender Bank Mandiri. They thought she was deceived, because such an achievement would be too good to be true for someone with “my condition”, […]

CONTINUE READING

Retail Asia12/12/2016

Anker, a company based in Seattle, the US, and which specializes in USB charging products, has opened an official store in Jakarta, its first in Southeast Asia, in the hope of reaping benefits from the Indonesian market, the largest economy in the region. Anker’s regional sales head for Asia Pacific Romeo Luo told that the […]

CONTINUE READING

Retail Asia08/12/2016

Lender Citibank Indonesia expects to book single-digit loan growth next year although it believes lending will pick up speed in the second half of 2017, the company’s top management said on Wednesday. “For Citibank, we expect single-digit [lending growth]. It is better to be a bit conservative because we expect that lending will start to […]

CONTINUE READING

Retail Asia07/12/2016

President Joko Widodo (Jokowi) has set a target for at least 76 percent of the countrys population to have bank accounts by 2019. “I told the coordinating minister (for economic affairs), bank account holders in 2019 should reach at least 76 percent (of the population), from the current 36 percent,” the president told a gathering […]

CONTINUE READING

Retail Asia06/12/2016

The Transportation Ministry has said as over 900 Indonesian pilots having not been able to gain employment with local airliners, the ministry is planning to impose a new obligation to ensure higher absorption of local pilots by the airline industry. “This is a big problem. At least 900 local pilots have no jobs. This will be […]

CONTINUE READING

Retail Asia06/12/2016

FL Technics has opened its MRO hangar at Soekarno-Hatta International Airport, Jakarta, Indonesia, and reached cooperation agreements with ten Asian airlines. The 9,000-square-meter facility accommodates up to three narrowbodies and is certified to serve 737NGs and CLs, A319s, A320s and A321s. Line maintenance has started and base maintenance will begin in 2017. Zilvinas Lapinskas, CEO […]

CONTINUE READING

Retail Asia24/11/2016

Singapore Airlines will cut five weekly flights to Jakarta, from Dec 1, as directed by the Indonesian civil aviation authorities, the airline said. SIA which has been operating 63 flights a week to and from Jakarta has been told to cut five flights a week due to runway maintenance works at Jakarta’s Soekarno-Hatta International Airport. […]

CONTINUE READING

Retail Asia24/11/2016

Indonesia is eyeing Facebook as its next target in a government tax crackdown as it nears a settlement with Google Inc. Facebook, which counts more than 88 million Indonesians among its users, owes about 2 trillion rupiah ($148 million) to 3 trillion rupiah in unpaid taxes and penalties, Muhammad Haniv, head of the special taxpayers office […]

CONTINUE READING

Retail Asia24/11/2016

Indonesia is considering to import cows from Mexico and negotiations are now underway for that, an agriculture ministry official disclosed on Wednesday. “Private parties and a local government were currently in the process of negotiations,” Syukur Iwantoro, an expert staff on innovation and technology under the ministry, said after attending a calf harvest event. Regarding […]

CONTINUE READING

Retail Asia23/11/2016

Bank Negara Indonesia (BNI) president director Achmad Baiquni asked customers not to panic and get affected by solicitations to withdrawal money en masse. The so called rush-money rumor has been circulating on social media in recent days. According to Baiquni, the rumor is baseless and irrelevant, considering Indonesia’s banking fundamentals are normal and healthy. “Banking […]

CONTINUE READING

Retail Asia23/11/2016

Chinese e-commerce giant Alibaba Group sees “huge potential” in the Indonesian market as the government, through a recent e-commerce road map, pushes efforts in developing the sector to make the country the biggest digital economy in Southeast Asia by 2020. Alibaba Group vice chairman Joseph Tsai said the diversified company — which has assets in […]

CONTINUE READING

Retail Asia18/11/2016

The government’s recent decision to allow full foreign ownership in local movie businesses has attracted the interest of South Korean and Chinese cinema giants to invest in Southeast Asia’s largest market, a government official said. Creative Economy Agency (Bekraf) head Triawan Munaf said a number of foreign investors were currently conducting feasibility studies for expanding […]

CONTINUE READING

Retail Asia17/11/2016

A direct air link between India and Indonesia is set to become a reality with Garuda Indonesia, the South East Asian country’s national air carrier, considering to launch a service soon. Garuda Indonesia plans to introduce direct flights connecting Jakarta-Mumbai. In all likelihood, it should happen this December, Consul General of Indonesia Saut Siringoringo said […]

CONTINUE READING

Retail Asia17/11/2016

Indonesia is a few steps closer to becoming the largest digital economy in the region, as one of Silicon Valley’s largest players, Plug and Play, has expressed interest in investing in dozens of Indonesian start-ups. Despite Silicon Valley firms being discouraged from investing abroad recently, Plug and Play seems to see huge potential in Indonesia’s […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X