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Tag: jakarta

Retail Asia24/08/2021
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Food

Subway plans to start selling into Indonesia

4min0
Subway, the world’s largest restaurant brand, has signed an agreement with PT Sari Sandwich Indonesia, a subsidiary of Indonesia’s food & beverage retailer, PT Map Boga Adiperkasa Tbk (MBA), whose parent company is PT Mitra Adiperkasa Tbk (MAP). This agreement kicks off Subway’s aggressive plans to expand its international footprint. The partnership will launch Subway […]
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Retail Asia16/08/2021
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General

Jakarta’s malls reopen – but only to the vaccinated

2min0
Indonesia’s capital Jakarta allowed retail malls to reopen last week to an exclusive crowd – shoppers vaccinated against coronavirus. With restrictions still in place in much of Indonesia, Jakarta’s malls are allowed to operate at 25-per-cent capacity to try to keep the economy moving, but customers must prove via a smartphone application that they’ve received at […]
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Retail Asia09/07/2021
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E-Tailing

Indonesia’s Bukalapak kicks off $1.1 billion IPO

1min0
Indonesia’s Bukalapak launched an up to $1.13 billion IPO ahead of next month’s listing, marking the country’s biggest issue in over a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet seen by Reuters. The e-commerce company, which counts Singapore sovereign investor GIC […]
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Retail Asia11/06/2021
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Finance

Line Launches Digital Bank in Indonesia

2min0
The country – the world’s fourth most populous – is its third overseas market, following launches in Thailand and Taiwan. Japan-headquartered mobile and internet services firm Line has launched a digital banking platform in Indonesia in collaboration with Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank, and LINE Financial Asia. Line Bank […]
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Retail Asia07/06/2021
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Finance

Bank Jago Partners Mambu and Google Cloud for Digital Bank

1min0
The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain in-country, according to an announcement this week. The digital bank will use Mambu’s SaaS banking platform and Google Cloud to offer new services to meet the needs and demands of Indonesian customers. Bank Jago launched its smartphone app in […]
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Retail Asia12/05/2021
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General

Indonesia retail sales down 14.6 percent in March

1min0
Retail sales in Indonesia fell at a slower pace of 14.6per cent on annual basis in March, compared with an 18.1per cent fall in February, a central bank survey showed on Tuesday. Stronger fuel sales were supportive, although sales of clothes and recreational amenities continued to show drops during the month, the survey showed. Bank […]
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Retail Asia30/03/2021
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Telecom

Ooredoo Group Announces USD750 million Deal for Sale of More Than 4,200 Telecoms Towers in Indonesia

5min0
Ooredoo  today announced that its Indonesian operating company, PT Indosat Tbk. (“Indosat Ooredoo”), has signed a sale and leaseback agreement with PT EPID Menara AssetCo (“Edge Point Indonesia”) for more than 4,200 telecommunications towers. PT EPID Menara AssetCo is an Indonesian subsidiary of Edge Point Singapore, which is wholly owned by Digital Colony, a leading […]
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Retail Asia18/03/2021
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Finance

Validus’ Indonesia Arm Wins Lending License

2min0
The platform, which caters to the financing needs of micro, small, and medium enterprises (MSMEs) in the country, experienced strong growth in 2020. Batumbu, a subsidiary of Singapore-based Validus, has received regulatory approval to operate as a licensed digital financing platform in Indonesia, it announced in a statement. With the license, the startup will ramp […]
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Retail Asia15/03/2021
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Fashion

Ted Baker appoints new Indonesian distributor

3min0
The MENA deal is actually an extension to the current retail agreement Ted Baker has with Al-Futtaim Group but adds in new e-commerce and wholesale rights for the region. The all-new 10-year Indonesia dealx has been signed with PT Mitra Adiperkasa (MAP) for the retail license. The fellow-10-year Al-Futtaim agreement now means MENA will be Ted […]
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Retail Asia17/02/2021
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Finance

Bank Permata CEO to Head Indonesia’s New Wealth Fund

2min0
The fund, which currently has around $15 billion in assets, is targeting to grow to $100 billion. Ridha Wirakusumah, who has been CEO Indonesia’s Bank Permata since 2017, will become the chief executive officer of the country’s new strategic development sovereign wealth fund, the Indonesia Investment Authority said in an announcement on Tuesday. Wirakusamah has […]
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Retail Asia11/12/2020
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Fashion

Pomelo store lifts off in Jakarta

2min0
Omnichannel fashion retailer Pomelo has launched in Indonesia with its first store at Central Park Mall, Jakarta. The new store features a new design with an entirely different interior layout and looks to stores elsewhere in Southeast Asia. Pomelo Indonesia also embraces sustainability concepts, with sustainably-produced components used in the fit-out and 90 percent of […]
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Retail Asia06/11/2020
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Fashion

Indonesian beauty retailer Sociolla lands in Vietnam

3min0
Beauty technology company Social Bella announced its first overseas expansion with the launch of the beauty e-commerce platform Sociolla in Vietnam. Demand from beauty enthusiasts in Vietnam was one of the company’s considerations, following a US$58 million funding from investors, such as Singaporean state investment fund Temasek and its private equity subsidiary Pavilion, alongside Singaporean venture capital firm […]
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Retail Asia21/09/2020
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General

New Wealth to Grow Distribution in Indonesia

2min0
The Singapore-based digital wealth engagement solutions provider has its sights on the retail and affluent banking segments in Indonesia. New Wealth has inked a strategic partnership with digital engineering firm HAXtech to distribute its solutions to banks, insurance, and fintech firms in Indonesia, the company announced in a press release on Friday. The partnership promises improved […]
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Retail Asia12/08/2020
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General

June Indonesian retail sales down again

1min0
June Indonesian retail sales fell 17.1 percent over the same month last year – but that decline was slower than during the previous month. According to data from the country’s central bank, retail sales fell by 20.6 percent in May, as the Covid-19 pandemic forced store closures and consumers stayed home. Sectors to show improvement […]
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Retail Asia07/07/2020
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Food

Jakarta-based cafe chain Maxx Coffee launches in Singapore

2min0
Indonesian cafe chain Maxx Coffee has launched its first international outpost in Singapore as the first move towards expansion in Asia. Partnering with local operator Oue Restaurants, the new outlet opens today at Jem serving Indonesian single-origin coffee as well as a food selection and the brand’s signature beverages. “After 80 successful outlets in 23 […]
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Retail Asia18/06/2020
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General

Retail sales in Indonesia drop dramatically

1min0
Retail sales in Indonesia have fallen by 16.9 percent during the month of April compared to last year, according to government data. The drop is the steepest within the territory in 14 years and is the result of a steady decline in retail sales of a range of products surveyed by the Indonesian central bank. […]
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