Retail News CRM

Tag: Indonesia

  • 40% of Indian food retailers to grow by 10% or more this year

    40% of Indian food retailers to grow by 10% or more this year

    Almost four in 10 Indian food retailers are expected to grow by 10 per cent or more this year, according to research commissioned by DHL Supply Chain, the global market leader for contract logistics solutions.

    Based on interviews with more than 300 industry decision-makers in India, Indonesia, Thailand and Vietnam, the study titled, Hungry for Growth: Logistics Trends in Asia’s High-Growth Food Retail Markets, found that more than one in four food retailers in some of Asia’s fastest-growing economies expect to grow by 10 per cent or more this year, as a result of expanding populations and rising income levels.

    However, the report also found that while 86 per cent of Indian food retailers understand their supply chain costs, six in 10 are struggling to maintain adequate levels of shipment accuracy in fulfilling growing demand – potentially impacting their ability to keep shelves stocked and orders filled as demand and competitive factors grow increasingly complex.

    “Rapid increases in purchasing power, coupled with surges in demand driven by population growth, will yield obvious expansionary benefits to food retailers,” said Dean Eichorn, Vice-President – Retail, DHL Supply Chain Asia Pacific. “However, any food retailer’s success is ultimately dependent on the agility of their supply chains when faced with demand volatility, seasonal fluctuations, and other complex market factors. Asia’s food retail industry looks set to undergo significant growth in the next year, and only with greater understanding and control of their logistics processes will companies be able to take advantage of new opportunities.”

     

  • Garuda Indonesia expands maintenance facility

    Garuda Indonesia expands maintenance facility

    Garuda Indonesia opened its biggest aircraft maintenance facility at Soekarno-Hatta International Airport on Monday, which will support the state-owned airline’s fleet as well as regional carriers tapping into Indonesia’s growing aviation market.

    The maintenance facility is the fourth for group subsidiary, Garuda Maintenance Facility (GMF) AeroAsia. With an area of about 67,000 sq. meters, it will nearly double GMF’s current capacity. The facility can store 16 narrow body aircraft, although due to limited personnel and technical capabilities, it can only handle 12 aircraft at the moment. GMF will invest a total of about 500 billion rupiah ($35 million) until it reaches full capacity in 2018.

    The facility’s main purpose is to serve Garuda’s growing number of aircraft. The airline plans to add 21 aircraft this year to reach a total of 190. At the Paris Air Show in June, it inked a deal to purchase 60 aircraft from Boeing and 30 from Airbus, together worth nearly $20 billion at catalogue prices.

    GMF posted revenue of $264 million in 2014, a 15% increase from the previous year. About 70% of its revenue comes from servicing Garuda aircraft, including those of budget carrier spin-off Citilink.

    GMF’s President and Chief Executive Officer Richard Budihadianto said it also aims to increase revenue from foreign carriers. The company has plans to build a maintenance facility in Bintang Island, which is close to Singapore. Airlines in Asian countries such as Singapore and Australia can save time by stopping in Bintang instead of at Soekarno-Hatta. “We want at least 40-45% of revenue coming from third party carriers,” Budihadianto said.

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  • Rice prices up in Vietnam, Thailand on Indonesian demand

    Rice prices up in Vietnam, Thailand on Indonesian demand

    Vietnamese rice prices rose around 3 percent to an 11-week high following news of a major deal with Indonesia, while prices in Thailand also edged up as the market monitored Indonesian import demand, traders said on Wednesday. Vietnam, the world’s third-largest rice exporter after India and Thailand, has won a tender to supply nearly 1 million tonnes to Indonesia, a Vietnamese government report said, as the archipelago nation struggles with a prolonged drought.

    On Wednesday, Vietnam’s 5-percent broken rice advanced about 3 percent to $350-$355 a tonne, free-on-board (FOB) Saigon Port, from $340-$345 a week ago, and 15-percent broken rice stood at $345 a tonne, or about $10 above last week. At $355, the price is the highest since July 22, Reuters data show.

    The 25-percent broken variety narrowed to $330-$335 a tonne, FOB basis, from a range of $325-$340 a tonne a week ago. “As prices rise, some buyers have turned to Thailand,” a trader in Ho Chi Minh City said. Pakistani rice has also become very competitive, with the 5-percent broken grain standing at $310 a tonne, FOB basis, said a dealer at a regional trading firm.

    “Given the price rise, African buyers are not in the market while (Vietnamese) sellers don’t want to sell now,” he said. Traders said they expected more purchases, including from Vietnam’s biggest rice buyer China, given the price rise. Rice imports in 2015 by China, the world’s largest producer of the grain, could rise 6.7 percent from 2014 to 3.2 million tonnes, the UN Food and Agriculture Organization has said.

    China has bought 1.5 million tonnes of Vietnamese rice in January-August, or a third of Vietnam’s total shipments in the period, based on Hanoi’s agriculture ministry data. China has set the rice import quota for 2016 at 5.32 million tonnes. In Thailand, prices edged up in anticipation of a contract with Indonesia, traders said.

    “We already increased our prices last week to anticipate it,” a Thai trader said. “If it ends up not happening, prices will absolutely weaken.” Thai 5-percent broken grain rose to $360 a tonne, FOB Bangkok, from $350-$357 on Tuesday, but is still below the $350-$362 level a week ago. Prices have recovered from an eight-year low hit last month. Indonesia said late last month it planned to import up to 1.5 million tonnes of rice from Thailand and Vietnam in October to avert a price spike.

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  • Asia luxury goods market still growing

    The Asia luxury goods market is still growing rapidly despite negative press about Hong Kong, Macau and deteriorating China spending.

    Luxury goods retail sales in Asia-Pacific are expected to reach US$134.9 billion by 2019, growing at a CAGR of seven per cent during 2014-2019, according to the report Luxury Goods Retailing Market in Asia-Pacific, 2014-2019 Market and Category Expenditure and Forecasts, Trends, and Competitive Landscape.

    Japan will remain the largest Asia Pacific luxury goods market amid a slowdown in China and India’s luxury goods market is the fastest growing in Asia-Pacific, driven by rising disposable income, growing fascination towards luxury brands, and the desire of high earners to differentiate themselves from others.

    The report says jewellery, watches and accessories is the largest and fastest growing category in the region, driven by higher spending on jewellery and watches by Chinese, Japanese, and Korean consumers.

    The Hong Kong luxury goods market is struggling due to political unrest and reduced Chinese spending. A luxury tax exemption is expected to boost luxury goods consumption in Indonesia.

    Social messaging apps is a trending marketing channel for luxury brands, as the digital channel is influencing the purchasing decisions and pattern of consumers.

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  • Asia mCommerce shopping soars

    Asia mCommerce shopping soars

    Asia Pacific consumers are increasingly likely to make their online purchases and bill payments through mobile devices (mobile phone or tablet), rather than via desktops, according to Visa’s 2015 Regional eCommerce Monitor Survey.

    The survey, which polled 11,760 respondents from 13 markets in Asia Pacific, found respondents reported an average 22 per cent increase from 2014 in Asia mCommerce shopping.

    Respondents from Indonesia (36 per cent), Mainland China (34 per cent) and Taiwan (28 per cent) reported the greatest growth in mCommerce during the year.

    The rising popularity of mCommerce among Asia Pacific consumers is narrowing the gap with traditional eCommerce channels such as laptops or desktop computers across the region. In Thailand, consumers are as likely to purchase using their mobile devices as through desktops, while the mCommerce-eCommerce gap in markets such as Mainland China (eight per cent), Korea (nine per cent) and Indonesia (nine per cent) is decreasing.

    Visa’s regional director for eCommerce, Conor Lynch said the results show that making purchases on the go through mobile devices is becoming the norm in Asia Pacific.

    “As consumers get more comfortable using their smart devices to research, browse and purchase, mCommerce should soon overtake traditional eCommerce habits, strengthening this channel of engagement between consumers and retailers.”

    The survey also found travel, bill payments and movies were the top spending categories for eCommerce in general across Asia.

    For mCommerce, the top three categories are also fashion, bills and movies at 27 per cent each.

    “Across Asia Pacific, we are seeing that ticket-size, as well as the nature of the purchase, impacts how consumers purchase goods and services online. Consumers in this part of the world, are already comfortable purchasing smaller ticket-sized, everyday items by clicking the purchase button on an app or checkout button on a mobile device,” Lynch said.

    Another continuing trend revealed by the survey is the tendency for consumers to engage in cross-border online shopping. In particular, consumers from Singapore (77 per cent), Australia and Hong Kong (75 per cent) and New Zealand (74 per cent), are the most likely to make online purchases from retailers abroad, well above the regional average of 55 per cent. On the other hand, consumers from Japan (81 per cent), Taiwan (61 per cent) and Vietnam (57 per cent) are more likely to shop at domestic online stores.

    When shopping online with an overseas retailer, price (68 per cent), access to products (60 per cent), paying and delivery processes (40 per cent) and reputation of products (29 per cent) are key motivations for Asia Pacific consumers.

    The Visa eCommerce Monitor Survey 2015 was conducted by ORC International Singapore with 11,760 consumers, aged 15 to 55 years and across 13 countries and markets – Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam in May and June 2015.

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  • CRMNEXT Launches Indonesian Digital Operations in Alliance with Dimension Data

    CRMNEXT Launches Indonesian Digital Operations in Alliance with Dimension Data

    CRMNEXT, Global Leader in commutable cloud, Digital-Customer Relationship Management (CRM) solutions, today announced, launch of its full-fledged Indonesian operations in alliance with Dimension Data, a leader in cloud architecture solutions. The 2-day (7th & 8th October) launch event kicked-off today at Hotel Sultan in Jakarta, Indonesia.

    Indonesia is the fastest growing economy in south-east Asia. In order to cope with a growing economy amidst a wave of global Digital disruption, businesses such as Banking, Financial Services & Insurance in particular, need smarter tools to manage and nurture their customers.

    Elaborating on the inaugural event, Sushil Tyagi, Director – Global Sales for CRMNEXT, said “We are truly excited with the launch, as Indonesia not only has an impressive economic growth, but is also coupled with well-functioning financial systems. It’s imperative that technology solutions would advance organization’s efficiency and overall progress.  CRMNEXT is the world’s only true auto-upgrade, scalable and agile CRM Solution for the digital age. Dimension Data brings the right synergies to deliver cloud CRM solution on private or public cloud. Together, we would be able to offer the right solutions to the Indonesian customer to implement a true cloud solution for today’s digital Age.”

    Delivering a seamless delightful customer experience that propels companies to accelerate growth is the need of the hour. Acknowledging this need, CRMNEXT’s partnership with Dimension Data will provide Digital-CRM solutions that are custom made and designed for Indonesian business.

    Manish Pratap, General Manager, IT as a Service, Dimension Data Asia Pacific said, “In the digital economy, organizations need to innovate faster than ever before. They must think big, start small and scale fast. We at Dimension Data are committed to making industry leading solutions available to enterprises on our Managed Cloud Platform™. It is our pleasure to partner with CRMNext, a leader in the Digital CRM market, to jointly deliver their solution on cloud.”

    Speaking on the occasion, said Hitesh K. Arora, Director of Strategy and Customer Advocacy for CRMNEXT, “Businesses can start small, do a thorough pilot and then scale up as per need on a reliable true-cloud infrastructure. We’ve proven this for Asia’s largest enterprises including the largest Digital-Native Bank. This kind of convenience driven by agile, cost-effective technology has repeatedly given significant savings on running costs and is primarily offered only by CRMNext. Hence, we believe we’re here to stay and serve the Indonesian business community.”

    Insurance Companies, Banks & Financial Services Enterprises of Indonesia would especially be impacted by this new partnership that offers smarter tools to manage and nurture their expanding customer-base.

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  • Jakarta Fashion Week 2016 to Open on 24 October

    Jakarta Fashion Week 2016 to Open on 24 October

    Jakarta Fashion Week 2016, the main fashion week in Indonesia and the largest in Southeast Asia, will open on October 24 at Senayan City, Jakarta. The Fashion Week will be a landmark for Indonesian fashion, in which hundreds of Indonesian and foreign designers, including designers from Japan, Thailand, and South Korea, will celebrate and showcase their best work, with full international coverage.

    In its eighth year, Jakarta Fashion Week is receiving full support from Senayan City, a complex dedicated to high-end shopping in Jakarta. Svida Alisjahbana, CEO of Femina Group & Chairman of Jakarta Fashion Week 2016, expressed gratitude to Senayan City for their support of JFW 2016, “Support from Senayan City is very meaningful to Jakarta Fashion Week as Senayan City is a premium shopping destination that represents high-end boutiques from Italy and France, as well as various other fashion brands from around the world.

    “With the convening of JFW 2016 in Senayan City, Jakarta Fashion Week will have a value comparable to the fashion brands stationed there, and this is something that is very encouraging. It is time to introduce Indonesian fashion labels to the public so that they can understand and love the creativity apparent in our local products that is no less great than those in the products of international brands.”

    Veri Y. Setiady, CEO of Senayan City stated, “For the third time, Senayan City warmly welcomes the presence of Jakarta Fashion Week as a barometer, and a means of welcoming new fashion trends in our homeland. Along with the celebration of Senayan City 9 Infinite Years, Senayan City will present an exclusive collaboration entitled Capsule Collection F/W 2015 which will feature designers DanjyoHiyoji, KLE, and Hunting Fields, with creations made specifically for JFW 2016. The Capsule Collection F/W 2015 and TIKprive X Stella Rissafashion show will present at the Fashion Tent in JFW 2016 on October 29.”

    More than ready to welcome fashion lovers’ enthusiasm for JFW 2016, Senayan City will also present fashion shows featuring the latest collections from tenant brands, such as Bebe, Promod, and Debenhams.

    Supporting the fashion industry in Indonesia, Jakarta Fashion Week is also sponsored by the National Craft Council / Dewan Kerajinan Daerah (Dekranasda) DKI Jakarta. “The collaboration between Jakarta Fashion Week and Dekranasda DKI Jakarta is a journey we’ve been taking for years. Together with Jakarta Fashion Week, Dekranasda aims to hone the creativity of members who have the talent and desire to move forward and expand worldwide,” said Svida.

    As an organization involved in developing handicraft products, Dekranasda Jakarta seeks to encourage quality crafts, which have become an icon of the capital. Jakarta itself is a metropolitan city that has become a melting pot of various cultures, and its dynamic city life works as a source of inspiration which is translated into a variety of creative products. Yet the translation into creative products, particularly crafts, has not been explored to the fullest.

    Dekranasda attempts to present a variety of innovations in product development for Jakarta’s artisans by improving the quality, design, packaging and branding of crafts, facilitating access to finance for entrepreneurial initiatives, and organizing various promotional events such as exhibitions, curations, and competitions.

    Recognizing the need for cooperation with various parties who have similar values in craft development, and especially in fashion, Dekranasda is delighted to collaborate with Jakarta Fashion Week. From June until the end of 2015 in collaboration with JFW, Dekranasda and the Wanita Wirausaha Femina program are providing a series of training programs aimed at improving the competence of artisans in production and business management. In addition, JFW supports Dekranasda in curating products that will be presented at JFW 2016, with an eye to international markets. Dekranasda also participates in the Indonesia Fashion Forward program, featuring creative fashion products that represent the city.

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  • Garuda Indonesia to Launch Promotion on Friday

    Garuda Indonesia to Launch Promotion on Friday

    Garuda Indonesia will launch a three-day online sale on Friday.

    Between 9 and 11 October 2015, discounted airfares to 37 Indonesian destination will be available for travel between 13 October 2015 and 31 May 2016.

    The 7-month validity period offers the perfect opportunity to book and save on fares for short getaways to popular Indonesian hotspots such as Bali. Flights to the scenic island will be on sale from Sin$130 for a one-way flight and Sin$230 for a return, while seats to Surabaya will be available from Sin$110 for a single ticket and Sin$210 for a return.

    Travellers will be able to fly to Indonesia’s capital city Jakarta one-way from Sin$110, with return flights priced at Sin$185.

    Travellers can also take advantage of the online seat sale to discover other interesting Indonesian destinations such as Lombok, Jogjakarta, Makassar and beyond from Sin$180 one-way onwards via Jakarta or Bali.

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  • Where Muslim tourists shop

    Where Muslim tourists shop

    Muslim tourists spent $62 billion shopping and dining last year – and Asia got a huge share.

    Malaysia and Singapore were the second and third most popular shopping destinations for Muslim tourists last year, lagging behind only Dubai, according to the MasterCard-CrescentRating Muslim Shopping Travel Index 2015 just released.

    Fourteen cities from Asia Pacific made it onto the overall list of 40 destinations.

    The research shows shopping expenditure by Muslims in 2014 amounted to $36 billion, while dining expenditure amounted to $26 billion

    The MTSI 2015 looks at in-depth data covering Muslim travel shopping from 40 international cities creating an overall index, based on a number of criteria. It is the first time detailed insights have been provided on the consumer spending behaviour of Muslim travellers.

    The MTSI 2015 is the latest research collaboration between MasterCard and CrescentRating on this sector following the launch of the Global Muslim Travel Index (GMTI) 2015 earlier this year.

    “The MasterCard-CrescentRating Muslim Travel Shopping Index is a fascinating insight into the shopping habits of Muslim consumers and will prove to be an invaluable tool to the entire sector,” said Fazal Bahardeen, CEO of CrescentRating & HalalTrip.

    “The research looks at two of the most important expenditure components of Muslim travellers which are shopping and dining. The index reveals how important Asia Pacific is to the sector and the vital contribution they are making.”

    The 40 international cities covered in the MTSI 2015 were scored against a comprehensive set of metrics which included suitability as a shopping destination, Muslim friendly services and facilities and ease of travel. Each criterion was then weighted to make up the overall index score.

    Dubai topped the ranking for overall Muslim Travel Shopping with a score of 79.5 followed by Kuala Lumpur with a score of 73.3.  Singapore scored 71.6 on the Index making it the number one ranked city from the non-OIC countries and third in the overall list.

    Bali also made into the top 10 scoring 58.2 closely followed by Penang with 56.9. In total, Asia Pacific contributed 14 cities to the overall top 40 list.

    A significant highlight of the MTSI 2015 was the high number of non-OIC countries featuring in the top 40 list.

    Singapore, secured a rank among the top five overall destinations for Muslim traveller shopping.  This further revealed the potential for non-OIC destinations, with 25 on the list, to attract Muslim travellers by proactively catering to this segment.

    Earlier this year, the GMTI 2015 showed that in 2014, the Muslim travel segment was worth $145 billion with 108 million Muslim travellers representing 10 per cent of the entire travel economy.

    This is forecasted to grow to 150 million visitors by 2020 and 11 per cent of the market segment with a market value projected to grow to $200 billion.

    MTSI 2015 will be updated on an annual basis and will feature more cities in future releases.

    “The MTSI 2015 provides a deeper look at two key components of the traveler consumer experience – shopping and dining. We see this as an important resource not only for us to better understand this significant and fast-growing traveller segment, but also a source of data that will inform and support the efforts of our partners in the travel industry,” said Matthew Driver, group executive, global products and solutions, Asia Pacific, MasterCard.

    Shopping chart

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  • Indonesia to promote diving tourism to Japan tourists

    Indonesia to promote diving tourism to Japan tourists

    Indonesia will promote its world-class diving sites to Japanese tourists during a tourism promotion event entitled “Diving Sales Mission”, to be held in Japan on October 8 and 9, 2015.

    The promotion is to be held following a successful similar event, carried out in Beijing on Sept. 9, I Gde Pitana, the deputy for international marketing development of the tourism ministry, said here on Saturday.

    The government anticipates that revenues from diving tourism could be increased four times from the current amount, according to Pitana.

    The promotion event is part of the tourism ministrys tourism marketing strategies, which include branding, advertising and selling (BAS), that was launched by Tourism Minister Arief Yahya.

    “The sale event is an effort of the tourism ministry to attract 529 thousand Japanese tourists,” he noted.

    In line with presidential regulation No. 69 Year 2015, the Indonesian government now offers visa free entry to Japanese citizens visiting Indonesia.

    “The tourism ministry has set a target of attracting some 10 million foreign tourists in 2015,” he remarked.

    Indonesia has a large potential for diving tourism, with excellent diving spots spreading from Weh Island in the countrys western most province of Aceh to Raja Ampat isles located in the countrys eastern most province of West Papua.

    Between these two tourist destinations, there are other exotic diving sites located in Banda Island (Maluku), Bunaken (North Sulawesi), Wakatobi (Southeast Sulawesi), Lembeh Strait, Alor Isle, TogeBetwan, Gili Air, Komodo Island (East Nusa Tenggara), and Cendrawasih Bay.

    Among the worlds best diving spots to be found in Indonesia are those in Raja Ampat, Komodo Isle, Derawan, Togean, Wakatobi, Gilir Air and Bunaken.

    Deputy Assistant for Asia and the Pacific Market Development of the tourism ministry Vinsensius Jemadu said some 35 percent of the total earnings from the tourism industry comes from maritime tourism.

    Further, an estimated 35 percent of Japanese tourists visiting Indonesia were engaged in maritime-related activities, such as diving.

    At least seven representatives selling tourism packages will join the Diving Sale Mission to Japan.

    According to a Japanese travel agent, Travelco, Bali is one of the top ten tourism destinations for Japanese tourists.

    Indonesia is in the fifth most popular destination for the Japanese, after Seoul (South Korea), Guam, Taipei (Taiwan), and Honolulu (Hawaii).

  • Dairy Farm closes more Indonesia stores

    Dairy Farm closes more Indonesia stores

    Dairy Farm International says it has now closed 74 stores in Indonesia – and more will follow before the year ends.

    Dairy Farm is the majority owner of the PT Hero retail network which includes supermarkets, Guardian pharmacies and Starmart convenience stores, which at the beginning of this year numbered 715.

    In July the company said it had shuttered 39 of its 75 stores bearing the Starmart brand. Last week it issued new figures showing 74 stores have now closed, including 22 Guardian pharmacies.

    “We are closing stores every year and every semester. We believe that we need that to change our portfolio,” said finance director, Xafier Thiry, adding that while more would close in the latter part of this year, the pace of the cull would slow.

    Dairy Farm’s network has been hit hard by the Indonesian government’s ban on convenience stores selling alcohol which took effect in April. A general economic slowdown has not helped sales of other goods. In July Dairy Farm said it was reviewing the future of the Starmart business.

    The other stores closed so far this year were 10 Ekspres and Hero stores and three Ekstra stores.

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  • Vromtu Offers Jakarta-Bandung Shuttle Bus Information Service for Windows Phone Users

    Vromtu Offers Jakarta-Bandung Shuttle Bus Information Service for Windows Phone Users

    Unlike most app developers these days, who prioritize building apps on iOS or Android, Vromtu chose to build its app on Windows Phone (WP). The app offers information on shuttle bus services in Jakarta and Bandung, including routes, departure schedules, contact numbers, and addresses, and was officially launched on Saturday.

    Vromtu is a simple service. You just need to type in the departure and arrival points, and then the app will search online and give you a list of available routes and shuttle buses. At the moment, Vromtu has data from nine shuttle bus companies which collectively account for more than a hundred bus pools.

    Aloysius Adrian, the founder of Vromtu, believes that the Windows Phone platform is on the rise both globally and locally with the arrival of the revamped WP8 and the upcoming 7.8 update. The startup’s team members are all WP users, and that’s a big part of why they built their app first for WP rather than the more mainstream platforms. The team hopes to launch an iOS version this year, while Blackberry users might need to wait a bit longer for Vromtu.

    Aloysius said that they will be focusing on fine-tuning search results and developing better shuttle directories in the near future. They are all still open to feedback. My suggestion would be to make the app available offline in its first big update, as mobile coverage can be patchy. Also, I was a bit confused as to why there are features for texting and emailing within the app when the shuttle bus companies receive orders only via telephone. Aloysius told me that the feature is built to help users share their transportation details with their friends, and not to book shuttle buses.

    Windows Phone users can download the app here, or you can use Vromtu through its mobile site m.vromtu.com.
  • Indonesia 3rd World Coffee Producer, Under Brazil

    Indonesia 3rd World Coffee Producer, Under Brazil

    Indonesia is still below Brazil and Vietnam in coffee crop productivity with 741 kg of beans per hectare per year for robusta and 808 kg for arabica.

    “The level of productivity of Indonesian coffee farmers still less than Brazil, which reached around 2,000 kg per hectare per year and Vietnam with 1,500 kg per hectare per year,” said Industry Minister Saleh Husin in Jakarta on Thursday, October 1.

    The minister promised to cooperate with relevant associations in order to increase productivity up to two-fold, or at least equal to the productivity of Vietnam.

    This effort will be taken by providing training and guidance on how to plant and coffee to get higher yield with the best quality.

    Indonesia produce coffee beans 685 thousand tons in 2014, or 8.9 percent of world coffee production with a composition of 76.7 percent and 23.3 percent Robusta and Arabica coffee respectively.

    Indonesia has various kinds of specialty coffee known around the world, such as Gayo, Mandailings, Lampung, Java, Kintamani, Toraja, Bajawa, Wamena and civet coffee.

    The export value of processed coffee products in 2014 reached 332.24 million US dollars, up 9.9 percent from 2013. Exports dominated by instant coffee, extracts, essences and concentrates of coffee generally sold in the Philippines, Malaysia, Thailand, Singapore, China and the United Arab Emirates.

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  • Indonesia AirAsia Will be No More

    Indonesia AirAsia Will be No More

    Indonesia AirAsia airline will end its operation in Indonesia as it will be merged with Indonesia AirAsia X. Suprasetyo, director general for air transportation at the Transportation Ministry, said this merger is to improve Indonesia AirAsia’s financial condition.

    According to Suprasetyo, the merger is to save Indonesia AirAsia from having its operating license revoked because by merging with AirAsia X, Indonesia AirAsia’s equity will not be negative. “Indonesia AirAsia X’s equity is not negative because it hasn’t been audited and its operation is still less than a year,” he said on Wednesday.

    Therefore, said Suprasetyo, after the merger, there will be no more Indonesia AirAsia. All AirAsia’s operations in Indonesia are under Indonesia AirAsia X that serves medium and long-distance flights. For that, Indonesia AirAsia X will submit new business plans and process route permits again so that they can use Indonesia AirAsia’s routes. “Indonesia AirAsia is no more,” he said.

    Indonesia AirAsia is one of 13 airlines that have negative equities, based on the Transportation Ministry’s inspection in July 2015. The ministry threatened to revoke their operating licenses if their equities were not positive until September 30.

    Indonesia AirAisa president director Sunu Widiyatmoko gave no answer when asked for confirmation, while PT Indonesia AirAsia X chief executive officer Dendy Kurniawan did not comment much and chose to wait for an official announcement from the ministry.

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  • Finance plan for Indonesia 7-Eleven

    Finance plan for Indonesia 7-Eleven

    Modern Internasional, the master franchisee for Indonesia 7-Eleven, has partnered with Credit Saison of Japan to create a fund to help finance new franchisees.

    The two companies have created a joint venture called PT Saison Modern Finance (SMF) in Indonesia. MI will take a 30 per cent stake in the business, which will have a paid-up share capital of Rp100 billion.

    The JV will support the expansion of Indonesia 7-Eleven franchise business. In the initial phase of the business, it will provide finance leases at an attractive cost for equipment installed at 7-Eleven stores, particularly for the new sub-franchisees to be secured in the future.

    “MI believes that this will reduce cost of capital for a new store opening and hence enhance the attraction of its 7-Eleven sub-franchising model. The JV also aims to develop payment products such as pre-paid cards for the customers of 7-Eleven by leveraging on CS’ strength as the third largest credit card issuer in Japan,” the companies said in a statement.

    The JV is committed to provide attractive IDR denominated leasing terms.

    “MI expects the JV will contribute positively to the development of the 7-Eleven sub-franchising business as well as improvement in 7-Eleven’s customer relationship management through its prepaid card and loyalty programs.”

    In Japan, CS has a joint venture with 7-Eleven global brand parent Seven & I Holdings for the issuance of Saison Card. The finance company also operates overseas offices in China, Vietnam and Singapore, and is seeking to further expand its business in the rapidly-growing Asian market.

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