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...
Consistent performance and strong growth prospects are precious in an economically volatile world. The 17thlargest economy in the world with a GDP of just over $1trn in 2013, according to estimates from the International Monetary Fund (IMF), Indonesia’s place as the largest economy in ASEAN presents a strong value proposition for investors. Already...
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...
Foreign direct investment (FDI) flows to Indonesia have consistently set new records since 2010 both in terms of value but also in the economic sectors and the geographic areas targeted. As Indonesia moves from a natural resource investment destination to claim its place as a central cog in the region’s industrial supply chain, despite continuing...
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...
As a net oil importer, Indonesia’s most pressing fiscal challenge remains its large subsidy bill, which at around 20% of the 2013 budget – some $30bn – accounts for as much spending as education. Although there is widespread agreement that the subsidies are wasteful and disproportionately benefit more affluent Indonesians – the World Bank estimated...
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