• Retail News Indonesia: Minang Mart Allowed to Grow in West Sumatra

    Also on the regional level there exists protectionism in Indonesia. One example comes from West Sumatra, a province that is known for its beautiful countryside and Minangkabau culture. Local authorities in West Sumatra have closed opportunities for modern national convenience stores - such as Indomaret and Alfamart - to enter the province in an attempt to protect the local (small and mid-sized) retailers.

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  • Property Sector Indonesia: Mortgage Growth Remains Bleak

    The property sector of Indonesia remains somewhat depressed. This is reflected by sluggish demand for house ownership credit (in Indonesian: kredit pemilikan rumah, abbreviated as KPR) and apartment ownership credit (kredit pemilikan apartment, or KPA) so far this year. According to data from Indonesia's central bank (Bank Indonesia) KPR and KPA credit disbursement growth stood at 7.7 percent on a year-on-year (y/y) basis in May 2017, slowing from a 7.8 percent (y/y) growth pace in the preceding month.

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  • Brantas Abipraya Plans IPO on Indonesia Stock Exchange in 2018

    Indonesian state-owned construction company Brantas Abipraya targets to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in 2018. Suradi Wongso, Finance Director of Brantas Abipraya, said the company plans to offer 30 percent of its total share capital to the public through this corporate move, collecting IDR 3 trillion (approx. USD $226 million) along the way.

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  • China Interested to Develop Industrial Zone in North Kalimantan

    Several Chinese companies that are ranked in the Fortune 500 are exploring investment in Indonesia, including North Kalimantan, as part of their follow-up initiative after the Belt and Road Forum for International Cooperation (BRF) that was held on 14–15 May 2017 in Beijing. This event, visited by Indonesian President Joko Widodo, is a platform for working out action plans for investment in the areas of infrastructure, energy and resources, production capacity, trade, financial cooperation, and the identification of major projects.

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