Indonesians are among the world’s most enthusiastic users of digital technology. The average Indonesian spends four hours a day accessing the Internet on their mobile device -twice the USA average. [&…
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Search Results For: indonesia
Changi Airport retail sales hit USD 822M on Indonesia, India, Thailand spend
Changi Airport concession sales reached SGD 1.1 billion (USD 822 million) in 2022, representing 37 percent of 2019 levels. Turnover from airside and public shops (excluding those from Jewel Changi [&#…
Indonesia’s Gojek names new Vietnam head
Indonesian ride-hailing giant Gojek has appointed Sumit Rathor to the role of general manager in Vietnam.…
Unilever invests in Indonesia’s Esqa
Unilever Ventures, the investment arm of fast-moving consumer goods giant Unilever, has led a Series A funding round in Esqa, raising USD 6 million for the Indonesian vegan brand. SEE ALSO: New [̷…
K-Beauty brands’ fierce battle in the Indonesian Market
South Korean cosmetics brands are striving to gain ground in the Indonesian market, despite the fierce competition from Western and Japanese cosmetics brands. Statistics Indonesia (BPS) reports that t…
Inflation in Indonesia has reached highest level in seven years
A 4.94 percent inflation rate was recorded in July, the highest rate in seven years. Not only are commodities in short supply, but imported materials are expensive. Last month’s inflation rate was the…
Indonesian skincare market to grow at 8.9 percent CAGR through 2026
According to GlobalData, the youth population and the post-pandemic economic recovery will drive the sales of skincare products in Indonesia, which will motivate multinational brands to launch premium…
Jakarta Fashion Week collaborates with WIR Group for its first fashion show on metaverse in Indonesia
Entering its 15th year, Jakarta Fashion Week (JFW), one of the fashion events in Southeast Asia, collaborated with WIR Group, a technology company focusing on Augmented Reality (AR), Virtual Reality (…
Indonesia’s DTC eyewear brand SATURDAYS closes series A funding round
Indonesia’s eyewear brand SATURDAYS has raised a Series A funding round led by Altara Ventures. DSG Consumer Partners and other affiliates joined the round. With this new funding, SATURDAYS aims…
Indonesia’s spirits market to grow at 12.4 percent CAGR through 2026
According to a recent report released by GlobalData, Indonesian spirits market is projected to grow from IDR4,171.6 billion (US$290.8 million) in 2021 to IDR7,491.5 billion (US$495.1 million) in 2026,…