Terrorism Indonesia: Impact on Starbucks' License Holder Mitra Adikperkasa
Mitra Adiperkasa, the retail company that holds the license to operate Starbucks in Indonesia, said its corporate performance will not be too much affected by the terrorist attacks in Jakarta. The company's Starbucks branch located at Jalan MH Thamrin No. 9 in Central Jakarta was target of Muslim militants on Thursday (14/01). After the attacks Mitra Adiperkasa closed all its Starbucks branches in Jakarta for the day. On Friday (15/01) the branches reopened with the exception of the Thamrin branch that was heavily damaged by the terrorist actions.
Shares of Mitra Adiperkasa fell 1.81 percent on Friday, whereas the benchmark stock index (Jakarta Composite Index) climbed 0.24 percent. Tito Sulistio, General Director of the Indonesia Stock Exchange, said the Jakarta attacks had temporarily triggered panic selling on the stock exchange on Thursday (between 10:45 am and 12:00 noon). When the Police force regained control on Thamrin Street the benchmark stock index recovered.
In Jakarta Mitra Adiperkasa operates 51 Starbucks branches. Besides Starbucks, it also holds licenses to operate Burger King, Domino's Pizza, and Pizza Marzano in Indonesia. However, Mitra Adiperkasa already sold part of its stakes in Burger King and Domino's Pizza to QSR Indoburger Pte Ltd and Everstone Capital Asia Pte Ltd.
Indonesia's Counter Terrorism Squad Makes More Arrests on Friday
A total of 13 people have been arrested by Indonesia's counter terrorism squad (Densus 88) on Friday (15/01) on grounds of suspected involvement in terrorist networks. The arrests were made one day after the terrorist attacks in the capital city of Indonesia on Thursday that resulted in the deaths of two civilians (one Indonesian and one Canadian) and five militants. The Islamic State (IS) movement claimed responsibility for these attacks in Thamrin Road in the center of Jakarta.
The arrests were made by Densus 88 in Cirebon (West Java), Balikpapan (East Kalimantan), Depok (West Java), Bekasi (West Java), and Tegal (Central Java).
