Indonesian consumer confidence rose again in the third quarter of this year in line with their increasing confidence for the governments recent economic policies, global research company Nielsen revealed on Wednesday.
In line with Indonesia's promising e-commerce market - supported by rising Internet penetration, rising smartphone penetration and per capita GDP growth in Southeast Asia's largest economy - online shopping site MatahariMall.com has grown strongly since its launch a year ago. The online retailer, which celebrated its one-year anniversary on Friday (09/09), sees its turnover grow by an average of 10 percent each month and already entered the top five of biggest e-commerce players in Indonesia (in the business-to-consumer category). However, exact (turnover) figures were not mentioned.
Bank Indonesia cut its projection for credit growth in the nation's banking sector this year from the range of 10 - 11 percent year-on-year (y/y) to 7 - 9 percent (y/y). This downward revision is in line with the central bank's earlier decision to cut its forecast for economic growth from the range of 5.0 - 5.4 percent (y/y) to 4.9 - 5.3 percent (y/y) in 2016. The slightly less rosy outlook is caused by the Indonesian government's decision to cut spending for the remainder of the year, while global economic growth remains subdued.
Cosmax Inc., a South Korean cosmetic material developer and original design manufacturer, said on Tuesday it has kicked off producing 50 halal-certified products at its Jakarta plant in Indonesia, gearing up its efforts t
Generation Y, commonly referred to as the millennials, are increasingly placing travel as a top priority in their lives. Be it a cultural immersion or an adventurous excursion, millennials seem to always find a way to fit globetrotting plans onto their tight agendas.
South Korea is captivating the imaginations of thousands of young Indonesians, who are replicating a style not often seen on the streets of majority-Muslim Jakarta, but much more widely accepted in downtown Seoul.
Halal tourism sector is considered to grow rapidly that every side has to respond this potential to develop business on such field. "The population of Muslim worldwide is estimated to increase to 26 percent of the total population by 2030, giving opportunities to Islamic tourism sector t
Jakarta – Queensland is a destination that is shining in Australia. To lure Indonesian tourists, they offer 4 types of exciting destinations. During this time, Sydney and Melbourne so the main purpose of Indonesian tourists that vacation to Australia. However, the State of Queensland is slowly catching up. They offer Brisbane, capital of Queensland interesting …
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