Tag: jakarta

Retail Asia10/04/2020
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Indonesian retail sales declined by 0.8 percent year on year during February. The drop was brought about by a decline in demand for clothing, as well as a blanket downturn in recreational spending, according to the monthly Bank Indonesia survey. The sales decline occurred as the Indonesian administration was claiming zero cases of the Covid-19 […]

Retail Asia13/02/2020
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Singapore investment firm OUE has acquired a majority stake in the parent of Indonesia’s Maxx coffee chain, which also operates in Singapore. According to the agreement, OUE’s wholly-owned subsidiary Oddish Ventures will buy an 88.43-per-cent stake, worth US$23.1 million from two companies – Inti Anugerah Pratama and Ciptadana Capital – which own 45.64 percent and […]

Retail Asia06/02/2020
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Japanese coffee chain % Arabica is launching four locations in Indonesia. The stores, scheduled to open in Jakarta and Bali next month, are the result of three years’ planning and were designed by German architect Alexis Dornier. According to an Instagram post by the company’s Indonesia partner, the first store to open will be at […]

Retail Asia05/02/2020
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South Korean beauty company Amorepacific Group is set to launch the Etude brand in Indonesia. The firm has partnered with local lifestyle retailer PT Mitra Adiperkasa Tbk (MAP) to boost the growth of its business in the territory. MAP plans to expand Amorepacific’s presence beyond Jakarta and across Bali, Surabaya and Bandung, giving more local […]

Retail Asia15/01/2020
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Indonesian retail sales growth in November slowed to 1.3 percent year-on-year, well below October’s rate of 3.6 percent. However, the figures, released by Bank Indonesia, reflect the continuing uptick in Indonesian retail sales which has now lasted five consecutive months. “Retail sales continued to grow positively in November,” wrote the central bank in a statement, […]

Retail Asia14/01/2020
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Indonesia’s first digital bank, Bank Rakyat Indonesia announced on Monday that it has earmarked $1 million for Indonesia Mall, an early-stage assisted e-commerce program that aims to help small enterprises open new revenue channels by participating in the online retail market. To serve the growing numbers of micro and small-medium enterprises (MSMEs) populated by the […]

Retail Asia18/12/2019
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1min0
Indonesian retail sales grew at their fastest rate in five months, according to government data. Growth levels are currently at 3.6 percent, the highest increase over last year’s figures in five months. Growth for the previous month stood at just 0.7 percent. The figures were released as part of a central bank survey, which showed […]

Retail Asia29/11/2019
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Indonesian coffee chain Fore Coffee is plotting an aggressive expansion plan that will make it the largest coffee operator in the country. Fore Coffee says it has partnered with hotel operator Airy to open 1000 new locations at the latter’s hotels across Indonesia. The new outlets will add to its current network of more than […]

Retail Asia18/11/2019
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1min0
September Indonesia retail sales rose 0.7 percent year on year. Real Sales Index of Bank Indonesia showed that the country’s retail sales maintained positive growth despite falling 1.1 percent in August. Most of the growth was driven by sales of automotive spare parts and accessories and household equipment. Sales in October are anticipated to grow […]

Retail Asia16/10/2019
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Low-cost carrier AirAsia commenced flights from Jakarta to Belitung, Bangka Belitung, on Tuesday as well as from Kuala Lumpur, Malaysia, to Belitung on Wednesday. The inauguration ceremony on Wednesday was marked by handing out flowers and souvenirs to international passengers arriving from Kuala Lumpur, who then enjoyed a traditional welcome dance. The Airbus A320-200 that was used for […]

Retail Asia15/10/2019
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AirAsia launched new services from Kuala Lumpur and Jakarta to the island of Belitung in Indonesia this week. The new four weekly services from Kuala Lumpur will support the Indonesian government’s agenda to develop ’10 New Bali’ destinations. It follows the commencement of daily Jakarta – Belitung services that started 1 October. AirAsia Indonesia deputy […]

Retail Asia02/10/2019
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AIA Group joins a club of high-profile investors to participate in the ride-hailing and payments company’s latest funding round. The Indonesian unit of AIA Group, AIA Financial, has invested in Indonesia’s Gojek as part of the latter’s Series F fundraising round. There was no mention of how much money AIA was investing in Gojek or […]

Retail Asia27/09/2019
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2min0
Grab is looking to gain pole position in Indonesia’s budding digital payment market, reportedly exploring a merger between two major players – a local entity it owns and another one backed by China’s Ant Financial. A merger between Grab-backed ONO and Ant-backed DANA would give the ride hailer app an edge over its major Indonesia competitor Gojek, […]

Retail Asia23/09/2019
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A new online registration system has been introduced by Indonesia’s financial regulator to monitor and further encourage the growth of fintech development in the country. The Financial Services Authority (OJK) launched the «Electronic Gateway for Digital Finance Systems» (Gesit) which allows fintech industry stakeholders to gain fintech news access and, more importantly, consult about OJK […]

Retail Asia13/09/2019
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2min0
Indonesia’s decision to relocate its capital from Jakarta to eastern Borneo is already attracting speculators and inflating land prices, according to a local industry body, which is urging President Joko Widodo to take measures to differentiate between pure profiteers and real developers. I’ve heard that land prices are rising already, said Soelaeman Soemawinata, chairman of […]


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