INDONESIA HAS 698 FRANCHISES , TURNOVER OF USD 13.3 BILLION
percent and those of non-oil and gas declined by 9.77 percent . Imports declined for all categories : consumption goods ( -15.16 percent to USD 0.99 billion ), raw materials ( -7.24 percent to USD 8.48 billion ), and capital goods ( -11.98 percent to USD 1.82 billion ).
In August 2016 , the trade surplus was upwardly revised to USD 0.38 billion .
( Source : Trading Economics )
INDONESIA HAS 698 FRANCHISES , TURNOVER OF USD 13.3 BILLION
Jakarta-Indonesia will host the World Franchise Summit Indonesia ( WFSI ) 2016 which will be held on November 22 to 27 , 2016 at the Jakarta Convention Center ( JCC ).
Director General of Domestic Trade Ministry of Commerce , Oke Nurwan , said this event should be used to enhance the role of the franchise industry in Indonesia since it was proven that franchises played a pivotal role in the global economy . " The franchise is used as an alternative to developing the business . According to the data from the International Franchise Association , in 2015 there were around 780 thousand franchises in the world and helped the opening of the 8.9 million jobs ," he said at a press conference at the Ministry of Trade , Jakarta , on September 5 , 2016 .
In Indonesia , the franchise business has made a positive contribution to the national economy , keeps the economy goes on amid in the economic downturn .
" In Indonesia , as many as 698 Franchises are registered with 24,400 outlets consisting of 63 % local franchises and 37 % foreign franchises , the turnover reached IDR 172 trillion ," he said . According to him , the franchise industry in Indonesia will continue to grow along with continued innovations by the players in that sector .
The franchise which adopts local culture will be exceptional . Indonesia already has several brands of local franchises which have the same quality with the foreign franchise , namely “ Es Teler 77 ”, “ Kebab Turki Baba Rafi ”, “ Bumbu Desa ”, “ Bakmi Naga ” and much more .
Indonesia ’ s rising disposable income and large young population make it an attractive opportunity for U . S . franchisors . The demand for cafes , restaurants , and bars continues to increase in the major Indonesian cities . Under the regulation issued by the Ministry of Trade , the franchisor should obtain STPW ( Surat Tanda Pendaftaran Waralaba or Franchise Registration Certificate ), to use local components for at least 80 percent of their raw materials , business equipment , and merchandise . The regulation also states that franchisors should select local small and mediumsized business as franchisees or suppliers if they fulfill the requirements established by the franchisors .
( Source : Detik Finance & the Indonesian Consulate General )
4 Trade & Investment Bulletin | Number II / November 2016