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The Jakarta Post’s Divya Karyza interviewed Teguk CEO Maulana Hakim on Saturday to explore the Indonesian food and beverage company’s journey leading to the opening of its first store in New York, the United States, its plan for further expansion and its latest venture into the fast-moving consumer goods (FMCG) segment.
Bobobox differentiates itself from competitors by offering more spacious rooms – enough to fit double beds – and by automating hotel-related processes such as check-in and check-out. The start-up offers rooms in Jakarta for as low as Rp 132,000 ($9.40) per night
McDonald’s Indonesia spokesperson Sutji Lantyka said that apart from new outlets planned in South Sulawesi, the company had also planned to expand to Central Sulawesi, Southeast Sulawesi, West Sulawesi and Gorontalo, as well as other provinces in eastern Indonesia.
The company, which listed its shares on the Indonesia Stock Exchange (IDX) in July, plans to build a new plant in Lampung as re-PSF is becoming increasingly competitive against virgin PSF, according to Inocycle president Jaehyuk Choi.
As the food and beverage industry faces a persistent decline in carbonated drink sales in Indonesia that is sending Pepsi out of the market, competitor Coca-Cola is expanding its operations in the country.
Marriott, which operates a number of hotel brands including JW Marriott, Ritz-Carlton, The Westin, Le Meridien, Sheraton and Four Points, is currently building 25 new properties across the country including in newly developed tourist destinations, Marriott International’s chief operating officer Asia Pacific Rajeev Menon said in Jakarta on Monday.
