#Retail
Halal product industry in Indonesia: A brief background and its challenges
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, according to a professor at the Bogor Agricultural University (IPB)'s School of Argoindustrial Technology Khaswar Syamsu.
Building ultra micro-ecosystem in Indonesia
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.
Pizza Hut expands business to reach sales target of IDR3.4 trillion in 2022
PT Sarimelati Kencana Tbk, famous for its Pizza Hut restaurant chain, continues its business expansion throughout Indonesia with a total capital expenditure (Capex) of IDR300 billion this year. The company has absorbed 45% of the Capex in 2022.
Mega Perintis gains IDR52 billion profit, to open 40 outlets in 2022
PT Mega Perintis Tbk (ZONE) has added 23 new booths in the first half of 2022 and will add the remaining 17 outlets in the later half for offline sales, while also developing support for online sales. Based on the company's financial statements, its net profit in the first semester of 2022 reached IDR52 billion, a 184% increase from the first semester of 2021.
Mitra Adiperkasa to open hundreds of new outlets
Lifestyle retailer PT Mitra Adiperkasa Tbk (MAPI) plans to expand and open new outlets domestically and abroad in 2022, with capital expenditure (Capex) of IDR390 billion.
Ma'ruf Amin may give Sharia economy a boost
President Joko "Jokowi" Widodo unexpectedly named the Indonesian Ulema Council (MUI) Chairman Ma’ruf Amin as his running mate in the 2019 presidential election. Jokowi's choice surprised the public since many had speculated that former Constitutional Court justice Mahfud MD would be his running mate. He finally picked Amin in the last minute leaders of political parties in his coalition gave their approval.
