Indonesian retailer Matahari Putra Prima plans to invest IDR1.8 trillion (USD189 million) over two years as Southeast Asia’s largest economy continues to show strong performance on the back of domestic consumption.
Matahari president director Benjamin Mailool said on Wednesday that the company intends to open at least 20 new Hypermart supermarkets next year.
As of August, Matahari had opened seven Hypermart outlets, with 10 more to follow by the end of the year. Matahari also plans to expand its pharmaceutical business by opening at least 17 new Boston Health and Beauty outlets. It runs 72 hypermarkets in 50 cities nationwide.
(Source: Jakarta Globe )