Friday, February 23, 2024

Tag: Retail

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. […]
The Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki, revealed that around 70% of the income of the logistics industry has plummeted. Teten suspects that this decline is driven by the influx of illegal textile imports into the country through online or e-commerce platforms. […]
TikTok allocates US$ 12.2 million to assist MSMEs in Southeast Asia in transition to online businesses and participation in the digital economy. […]
Renowned French perfume company, Technicoflor Indonesia, announces establishment of cutting-edge perfume factory in Karawaci. The company plans to produce 10 tons of perfume per month in 2023. […]
UOB and Lazada Group have entered into an agreement based on Memorandum of Understanding (MoU) on retail, and banking solution to develop a digital ecosystem in the Southeast Asian region through enhanced payments, and financial services such as digital lending services. […]
Garudafood allocates IDR 400 billion for Capital Expenditure as the company aims to increase its production capacity. […]
PT Catur Sentosa Adiprana Tbk (CSAP) allocates IDR 1.3 trillion (US$ 84.4 million) Capital expenditure (Capex), for expansion in distribution and modern retails. […]
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.  […]
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. […]
The bread industry in Indonesia has seen an increasing demand in the past years. The market is driven by the rising disposable incomes and changing consumer preferences for convenience and healthy eating. Various types of bread also have become a source of high revenue due to the rising growth. […]
Indonesia’s largest herbal medicine 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. […]
Jewelry store company PT Hartadinata Abadi Tbk (HRTA) will open 15 new stores in 2023 through its Capital expenditure of about IDR 50 billion. […]
As 86.7% of the country’s population is registered Muslim, the halal market trends in Indonesia tends to increase significantly, especially these past 10 years. The country is now known as the world’s largest domestic halal economy market. The most potential halal products are food, beverages, Muslim clothing, cosmetics, and halal tourism. […]
President Joko “Jokowi” Widodo unexpectedly named the Indonesian Ulema Council (MUI) Chairman Ma’ruf Amin as his running mate in the 2019 presidential election. He had a reason that Amin would help develop Sharia economy in Indonesia. Amin has been known as a leading and influential figure of the largest Islamic organization, Nahdlatul Ulama (NU). […]
Prior to becoming a seasoned politician, Muhammad Jusuf Kalla, popularly known as JK, has built his reputation as a noted businessman from Makassar, South Sulawesi. He helped expand his family business empire from a humble textile company into its present state, which interests range from car distributor to power plant. […]
Of the 45 million Ultra Micro businesses (UMi) that require additional funding, only 15 million can be served by financial institutions, 12 million are financed by moneylenders or relatives and as many as 18 million Micro-enterprises in Indonesia have not had access to funding at all. […]
PZZA continues its business expansion throughout Indonesia with total capital expenditure (CAPEX) this year reaching IDR300 billion and had absorbed 45% of the CAPEX in 2022. […]
PT Mega Perintis Tbk (ZONE) has added 23 new booths in the first half 2022 to add the rest of the 17 booths in the later half 2022 for offline sales, while also developing support for online sales. […]
MAPI plans to expand and open new outlets in 2022, with capital expenditure (CAPEX) of IDR390 billion the company will continue its expansion domestically and abroad. […]
Honorary titles become less and less popular. Being addressed with those titles is also seen as a snobbish act. The abolition of honorary titles has made interactions a lot simpler and avoiding embarrassment when the incorrect title was used. […]