Adhi Lukman, Chairman of the Indonesian Food and Beverage Association (Gapmmi), says he is optimistic that the investment targets that are set by Indonesia’s Industry Ministry will be met this year. The Industry Ministry targets to see a total of IDR 63.25 trillion (approx. USD $4.6 billion) worth of private sector investment in the food […]
Rising middle-class people has led to mushrooming business opportunities in lifestyle industry. One of the characteristics of the middle-class people is that they have shifted from good consumption to leisure economy. Lifestyle industry includes businesses on food and drink, wellness, cinema, e-commerce and fashion. According to McKinsey, by 2030 Indonesia will see additional 90 million customers with considerable spending power. Indonesia is predicted to enjoy economic growth, making the country more attractive for investors.