Development of modern retail business.(INDUSTRY PROFILE)

Indonesian Commercial Newsletter | January 1, 2007 | Copyright

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A Presidential Regulation is expected to be issued next month on retail business. The regulation is important for development of retail business in the country as it concerns zonation of modern retail outlets particularly hypermarket outlets, trading terms, and protection of traditional market centers and small and medium enterprises (SMEs).

In the past decade the modern retailers have expanded rapidly. According to the association of Indonesian retail companies (Aprindo) retail business grew 10%-15% annually. Retail sales in 2006 were valued ...

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