#Retail
Indonesia to build seven fertilizer plants by 2029, cuts retail prices by 20 percent
The Ministry of Agriculture plans to build seven fertilizer plants worth some Rp 50 trillion (US$3 billion) by 2029, five of which are expected to be completed within that year, said Minister of Agriculture Amran Sulaiman.
Online spending soars as government rejects claims of weak purchasing power
Coordinating Minister for the Economy, Airlangga Hartarto, said that the continued rise in online shopping transactions is clear evidence that Indonesians' purchasing power remains strong, contrary to recent concerns.
QNET Kicks Off V-Malaysia 2025, Showcasing Empowerment and Global Entrepreneurial Growth
QNET, a global e-commerce-based direct selling company, officially opened V-Malaysia 2025, its flagship international convention, bringing together more than 8,000 entrepreneurs from over 30 countries.
Erajaya sets up new board of commissioners, directors
Retail company, PT Erajaya Swasembada (ERAA) held an Extraordinary General Meeting of Shareholders (EGMS) on Wednesday, March 19, 2025, securing approval from the shareholders for all proposed agendas, including changes to the composition of the Board of Commissioners and Directors.
F&B entrepreneurs shift export direction away from Middle East
The Indonesian Food and Beverage Producers Association (Gapmmi) has begun preparing alternative markets to anticipate the disrupted logistics due to the escalating Iran-Israel conflict.
TikTok plans to re-enter Indonesian market through joint venture with Tokopedia and others
TikTok is planning joint venture collaboration with a number of companies in Indonesia including Tokopedia, Blibli, Bukalapak, and CT Corp in an effort to re-enter Indonesia.
Illegal imports and predatory pricing blamed for 70% drop in logistics industry revenue
Teten Masduki, the Minister of Cooperatives and Small and Medium Enterprises, revealed that around 70% of the income of the logistics industry has plummeted.
TikTok's US$ 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.