#Retail
F&B entrepreneurs shift export direction away from Middle East
The Indonesian Food and Beverage Producers Association (Gapmmi) has begun preparing alternative markets to anticipate the disrupted logistics due to the escalating Iran-Israel conflict.
TikTok plans to re-enter Indonesian market through joint venture with Tokopedia and others
TikTok is planning joint venture collaboration with a number of companies in Indonesia including Tokopedia, Blibli, Bukalapak, and CT Corp in an effort to re-enter Indonesia.
Illegal imports and predatory pricing blamed for 70% drop in logistics industry revenue
Teten Masduki, the Minister of Cooperatives and Small and Medium Enterprises, revealed that around 70% of the income of the logistics industry has plummeted.
TikTok's US$ 12.2 million investment empowers Southeast Asian MSMEs in digital transition
TikTok has allocated a substantial investment of US$ 12.2 million to assist over 120,000 micro, small, and medium enterprises (MSMEs) in Southeast Asia with their transition to online businesses and participation in the digital economy.
Technicoflor Indonesia builds environmentally friendly perfume factory, strengthen its presence in Southest Asia
French perfume production company, Technicoflor, announces establishment of cutting-edge perfume factory in Indonesia, strengthening its expansion in the South East Asia market. The company currently operates in multiple countries, including France, China, the United Arab Emirates (UAE), and Indonesia.
UOB and Lazada collaborates in enhancing the digital ecosystem in Southeast Asia
One of the leading banks in ASEAN, UOB, and one of the biggest ecommerce platform, Lazada Group, have entered into an agreement based on a Memorandum of Understanding (MoU) to collaborate in retail, and banking solutions to develop a digital ecosystem in the Southeast Asian region through enhanced payments, and financial services.
Garudafood allocates Capex worth IDR 400 billion for production capacity increase
One of the leading snack companies in Indonesia, PT Garudafood Putra Putri Jaya Tbk (GOOD), has allocated IDR 400 billion (US$ 27 million) fund for Capital expenditure (Capex) in 2023. The fund will be utilized to increase the company's production capacity.
CSA plans to open 5 new Mitra10 superstores with IDR 1.3 trillion Capex for expansion
PT Catur Sentosa Adiprana Tbk (CSA) is a listed company and the largest independent distribution and modern retail for building materials in Indonesia. The company allocates IDR 1.3 trillion (US$ 84.4 million) of capital expenditure (Capex), for their business expansion in distribution and modern retails.
Opportunities and risks faced by beauty giants in Indonesia
The cosmetic industry in Indonesia is growing at a fast pace, due to the rising consumers' demand and an expanding market for cosmetics. On average, the per capita consumer spending on cosmetics and toiletries in Indonesia amounted to US$ 20.2, statisca.com reported. The value is predicted to increase by US$ 7 by 2024, indicating sustained growth of the market.
Is Mixue's rapid expansion a threat to local F&B players?
The Mixue ice cream and tea outlets have been mushrooming in Indonesia and it has gone viral in the past few months. Pandaily reported that the number of Mixue outlets in Indonesia reached 317 at the end of March 2022 and it has kept growing. With this figure, Mixue's operating income reached 25,410,800 yuan or IDR 57.2 billion with a net profit of 2,235,500 yuan or around IDR 5.04 billion.
Sido Muncul expansion to East Africa
Indonesia's largest herbal medicince producer PT Industri Jamu dan Farmasi Sido Muncul Tbk (SIDO) has allocated IDR 197 billion (US$ 13 million) in its 2023 Capital expenditure (Capex)for market expansion, especially in East Africa.
Hartadinata to open 15 new stores in 2023
Jewelry store company PT Hartadinata Abadi Tbk (HRTA) will open 15 new stores in 2023 through its Capital expenditure of about IDR 50 billion.