THE COMPANY: Japfa Comfeed Indonesia (JPFA) was established in 1971 by the Santosa family, under the name Java Pelletising Factory, with copra pellets as its main product. Listed in 1989, the company acquired four poultry feed producers in 1990, resulting in a business shift and name change to Japfa...
Sharia-compliant banking has been growing three times faster than the conventional industry since 2007. The segment’s asset base grew at a compound annual growth rate of 49% over the past five years, albeit from a low base – assets accounted for a mere 4.1% of the banking industry’s total in the first half of 2012, far lower than the 20% of banking...
THE COMPANY: In 1971 Hero Supermarket (HERO), Indonesia’s largest supermarket chain operator, was established under the name of Hero Mini Supermarket, and became a publically listed company on August 21, 1989. A leading retailer in the region, Dairy Farm International Holdings, which is a member of the...
As some of the most profitable and liquid banks in the region, Indonesian lenders have attracted growing interest from foreign institutions seeking to profit from the country’s sustained growth. Banks account for around 77% of financial sector assets, and their willingness to lend has traditionally been one of the main determinants influencing wider...
While still overwhelmingly a cash society, Indonesia has witnessed rapid growth in the number of credit and debit cards in circulation. The number of credit cards rose from 11m in 2008 to 15m by May 2012, expanding at 6.35% a year, and the number of cardholders is estimated at 4.3m for credit cards and 67m for debit cards in 2012, according to Bank...
Will efforts be sped up to reduce the number of banks unable to cope with BI’s requirements?
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