Tag: jakarta

Retail Asia03/09/2019
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Japanese clothing retailer Uniqlo in Indonesia is set to launch new outlets in Batam, as well as Jakarta and Bekasi next month. The Batam store, opening in the Grand Batam mall in Penuin, Lubuk Baja, will be the first Uniqlo in Indonesia to be located in the city. The company hopes it will help locals […]

Retail Asia21/08/2019
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Retail sales in Indonesia declined 1.8 percent in June, compared with an annual growth rate of 7.7 percent a month earlier, a central bank survey showed on Thursday. The last decline from a year earlier was in January last year when retail sales also dropped 1.8 percent. The survey predicted retail sales would rise 2.3 […]

Retail Asia14/08/2019
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Krakakoa, which was established to improve the livelihoods of Indonesian cocoa farmers by buying directly from them, has raised funds from Singapore-based impact investors. The bean-t0-bar chocolate maker has raised an undisclosed amount of funding from Impact Investment Exchange (IIX), LIC VC and SYSTEMIQ co-founder Jeremy Oppenheim, the firm said in a statement on Friday. The chocolate maker said […]

Retail Asia13/08/2019
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AirAsia won for the 11th time at the prestigious Skytrax World Airline Awards as the world’s best low-cost airline during the Paris Air Show in Le Bourget, Paris, France, in the middle of June 2019. But despite the awards, it has never let itself get complacent. The airline keeps its commitment to continue increasing and […]

Retail Asia09/08/2019
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The export financing sustainability-linked loan is the first of its kind in Indonesia. DBS Bank Indonesia has signed a sustainability-linked export financing loan with wooden door manufacturer PT Sumatera Timberindo Industry (STI), the bank said in a press release on Wednesday. DBS said the loan is evaluated based on a target of obtaining timber and raw […]

Retail Asia02/08/2019
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Digital-payments company Visa has invested an undisclosed amount into Southeast Asian ride-sharing and services startup Go-Jek giving it a foothold in the company’s payments platform. The two companies say they will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. Indonesian-based Go-Jek, which has […]

Retail Asia25/07/2019
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Indonesian brand Palm Lagoon, which specialises in resort wear, has opened at Bali’s Trans Studio mall. The 207sqm boutique offers a curated selection of apparel, footwear, bikinis, swimwear, bags, sunglasses, watches and jewellery, targeting women and men. Brands sold include Rik and Reg, Saturdays eyewear, Pierre Lannier, Ellyse, Karmen and Marius, Little Savvy, Antyik Butik, […]

Retail Asia15/07/2019
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Indonesian e-commerce platform Tokopedia has acquired local wedding-service marketplace Bridestory, which allows users to plan their big day on their smartphones. Bridestory targets the Southeast Asian wedding market, connecting couples with venues, organizers and vendors/service providers in the wedding industry. It has reportedly connected more than 3.5 million customers with at least 27,000 wedding vendors […]

Retail Asia03/07/2019
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Jakarta-based Achiko wants to list 100 million shares on SIX, the Swiss stock exchange, it said on Wednesday. The shares were valued at $0.70 during its last fundraising, which would make for proceeds of $70 million. Its seven-year-old subsidiary Mimopay offers payment services for consumers without bank accounts – thus far, the company has won 2 million […]

Retail Asia27/06/2019
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Indonesian e-commerce company Tokopedia is expanding its one-day delivery guarantee to almost all of its products as it prepares to battle Amazon and other foreign rivals. Backed by Alibaba Group and SoftBank, Tokopedia’s greatest strength might lie in the fact it is a 100-per-cent Indonesian focused company, unlike its rivals – and shareholder – which […]

Retail Asia07/06/2019
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Other direct flights served by AirAsia from Thailand to Indonesia are Jakarta-Bangkok, Medan-Bangkok and Denpasar-Bangkok. Low-cost carrier AirAsia is set to open a new direct route from Jakarta to Phuket in Thailand starting July 2.According to a statement, the new route will be available three times a week. “Currently the traveling trend continues to increase […]

Retail Asia04/06/2019
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Indonesian state-owned pharmaceuticals firm Kimia Farma is considering expanding into Vietnam by acquiring a local company. The firm recently invested US$10.26 million in a Saudi Arabian firm, purchasing 60 percent of its shares and renaming it as Kimia Farma Dawaa. It is currently investigating Vietnamese regulations to discover whether or not it can own a […]

Retail Asia28/05/2019
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Indonesian retail sales grew by 10.1 percent in March following a 9.1 percent increase in February, according to central bank survey data. The strong March performance was underpinned by sales of apparel along with automotive parts and accessories. However, the bank’s survey predicted that Indonesian retail sales growth will rise by a more modest 5.7 […]

Retail Asia14/05/2019
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Indonesia’s PT Indo Pratama Teleglobal has arranged to provide broadband access to underserved rural areas of the country via an agreement with satellite operator SES Networks. Under the five-year agreement, Teleglobal will use the SES-12 satellite and SES Networks’ managed data services to provide internet access and mobile backhaul services to 150,000 remote sites. Teleglobal has […]

Retail Asia10/05/2019
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Indonesia’s XL Axiata has engaged Infinera to modernize both its South Sumatra terrestrial network and its Singapore-to-Jakarta subsea network for the 5G era. Under the agreement, Infinera will provide its XTC platform for the South Sumatra terrestrial network and the  Jakarta-Bangka-Batam-Singapore (B2JS) cable. The XTC platform is powered by Infinera’s Infinite Capacity Engine solution, which […]

Retail Asia26/04/2019
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Indonesian retail sales surged 9.1 per cent in February – a rate higher than anticipated. The growth rate appeared to be driven by shoppers splurging on Lunar New Year celebrations as well as an increase in apparel sales during the month. February’s rise followed a 7.2 per cent improvement in January and government statisticians have […]

Retail Asia23/04/2019
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Indonesia’s FiberStar has signed an agreement with Huawei to jointly expand high-speed fiber network services in the market. FiberStar recently partnered with Huawei to build a 1Tbps backbone DWDM network linking Jakarta with Surabaya. The network consists of submarine and terrestrial cables that form a ring network with a total length of more than 3000 […]


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