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Ministry of Trade

Gold’s Gym Closure: Ministry Summons Management Over Consumer Complaints

by Priya Shah – Business Editor September 14, 2025

written by Priya Shah – Business Editor

Ministry of Trade to Pursue legal Action Regarding Gold’s Gym Closures, Consumer Complaints

The Ministry of Trade is escalating its response to‍ complaints ‌from Gold’s Gym members‍ affected by the closure of multiple ⁣outlets in Jakarta, bekasi, and Surabaya, signaling a potential legal case against PT Fit and Health Indonesia, the company operating the fitness centers. The‍ move comes as ‌consumers report being left without access to ⁤facilities despite having prepaid membership fees and not receiving promised‍ compensation.

According to a⁤ press release from the Ministry of Trade, officials are intervening⁤ to protect Indonesian ‌consumers and ⁤ensure accountability following the abrupt shutdown of ‌11 Gold’s Gym locations. “This step was taken as⁤ an effort to increase the implementation‌ of consumer protection as a form of the presence of the state in protecting Indonesian consumers,” stated Moga, a representative ‍of the Ministry.

Initially, PT Fit and Health ⁣Indonesia had⁤ planned to close only five Jakarta outlets to improve the company’s financial standing, with intentions to⁣ maintain other locations. Though, internal⁤ issues led to a ⁣wider closure encompassing outlets in Jakarta, Bekasi, and⁤ Surabaya, according to Ghifar Hilmi, the company’s attorney.

the company has as filed for a postponement of debt ⁤payment obligations‍ (PKPU) at the Central Jakarta Commercial Court. Hilmi explained that if the ⁣PKPU is approved, affected Gold’s⁣ Gym members and other creditors can submit claims for losses with supporting ‌documentation to perhaps receive⁤ restitution from⁤ PT Fit and Health Indonesia. The refund process, however, will be contingent on a judge’s decision regarding the PKPU.

This⁢ development follows earlier reports ‍of members and employees filing a police report alleging fraud related to unpaid salaries and membership issues.

September 14, 2025 0 comments

Business

Jakarta Textile Industry Faces Collapse Due to Import Rejection

by Priya Shah – Business Editor August 4, 2025

written by Priya Shah – Business Editor

Indonesian Textile Industry on the Brink of Collapse, Association Warns

Jakarta, Indonesia – The Indonesian fiber and filament yarn industry is facing a critical crisis, with many companies prioritizing mere survival over profit, according to Farhan Aqil, General of the Association of Indonesian Fiber and Filament Yarn (APSYFI). Aqil stated Monday that the situation has deteriorated to the point where business owners feel more like “survivors” than entrepreneurs.

The industry is experiencing widespread factory closures, contract cancellations, and abandoned investment plans, resulting in significant job losses for thousands of workers.Aqil expressed frustration that the government appears unaware of the severity of the situation unfolding on the ground.

A key factor contributing to the downturn, according to APSYFI, is the government’s rejection of a safeguard measure known as BMAD (safeguard duties). This decision has led to the cancellation of planned direct investments, as foreign investors now perceive the business climate as unstable and lacking fair competition due to the influx of imported goods.

“foreign investors had come to the factory location and committed, but now see no guarantee of a fair business climate if imported goods continue to enter without obstacles,” Aqil explained. He had hoped BMAD would provide a much-needed boost to the struggling sector, but it’s rejection has had the opposite effect, even prompting multinational textile company CEOs to withdraw previously expressed interest.Data from APSYFI reveals a dramatic surge in filament yarn imports – ranging from 70% to 300% since 2017 – signaling a steady decline in domestic production. This has resulted in mounting bad debts for industry players, idle machinery, and a loss of confidence among younger generations considering careers in manufacturing.

“Young people no longer want to work in the factory, because they see for themselves how the future of this industry is like a dead end,” Aqil stated.

APSYFI fears the current conditions represent an early warning sign of deindustrialization within the textile sector and urges the government to base its policies on thorough research, rather than catering to narrow interests.

(hal/rrd)

August 4, 2025 0 comments

Business

Indomaret boss talking added 1,000 shops, said the reason for not entering Padang

by Priya Shah – Business Editor July 22, 2025

written by Priya Shah – Business Editor

Indomaret Details Outlet Closures Amid Expansion Plans

Retail Giant Opens 1,000 New Stores While Culling Underperforming Locations

PT Indomarco Prismatama, the operator of Indomaret, has addressed reports of store closures, clarifying that such actions are a normal part of business strategy based on operational potential.

Strategic Adjustments in Retail Network

Director **Wiwiek Yusuf** explained that while some Indomaret outlets are indeed being shut down, this is balanced by new openings. He stated, “Certainly (some are closed), in the company there are those who are open, some are closed. If the closed one means the potential is lacking. But we also open it in other places.” This statement was made during an event in Jakarta on Tuesday, July 22, 2025.

The company remains committed to growth, with plans to launch approximately 1,000 new outlets across Indonesia by the end of the year. This expansion includes a strategic push into the eastern regions of the archipelago, a move that requires careful logistical planning.

Focus on Domestic Market, Eastward Expansion

**Wiwiek Yusuf** highlighted the company’s intention to establish these new stores nationwide. He noted, “Approximately (open outlets until the end of the year) a thousand shops. Throughout Indonesia. Our eastern region began (explore). We must set the logistics.”

However, Indomaret will not be entering the Padang market, a decision attributed to licensing issues. “Then like Padang, we have not entered either, but Aceh we have entered. If Padang is because it is more licensing. Indeed, if I look at the fair they can’t enter, you can’t enter all,” **Wiwiek** elaborated.

Currently, Indomaret’s expansion efforts are focused exclusively within Indonesia, with no immediate plans for international ventures. This contrasts with competitor Alfamart, which has already established a significant presence abroad.

Competitive Landscape and International Reach

In contrast, Alfamart, another major player in the Indonesian retail sector, has already expanded its footprint internationally. The company operates around 2,400 outlets in the Philippines and is actively exploring further expansion opportunities in Malaysia and Bangladesh. This highlights a broader trend in the Indonesian retail industry, with organizations like Aprindo (Indonesian Retail Entrepreneurs Association) facilitating not just goods export but also the establishment of retail branches overseas.

The Indonesian retail sector saw a 3.5% growth in sales in the first quarter of 2024, indicating a healthy domestic market while companies like Alfamart seek diversification through international expansion (Source: Indonesian Ministry of Trade, Q1 2024 Report).

July 22, 2025 0 comments

Business

[헬로티 HelloT] LG Innotek receives the ‘$10 Billion Export Tower’ award on the 60th Trade Day

by Chief editor of world-today-news.com December 5, 2023

written by Chief editor of world-today-news.com

LG Innotek announced on the 5th that it received the ‘$10 Billion Export Tower’ award on the 60th Trade Day.

The Ministry of Trade, Industry and Energy and the Korea International Trade Association hold an awards ceremony to commemorate Trade Day every year on December 5 to recognize companies that have pioneered overseas markets and contributed to improving national export competitiveness.

At the awards ceremony held on this day under the theme of ’60 years of export and import, Korea on the rise again’, LG Innotek received the $10 billion export tower. LG Innotek CEO Moon Hyuk-soo personally received the $10 billion export tower from President Yoon Seok-yeol, who attended the awards ceremony.

Founded in 1970, LG Innotek has continued to develop cutting-edge innovative materials and components related to optical solutions, substrate materials, and electronic components, and has grown into a leading company in the global market. The company won the $5 billion export tower in 2014.

LG Innotek’s export performance, which was around KRW 8.8 trillion in 2020, reached KRW 14.1 trillion in 2021 and KRW 18.6 trillion last year. Exports increased by 113% in just three years. In particular, the ratio of exports to sales exceeded 95% in 2022, which was evaluated as a significant contribution to the increase in national exports.

LG Innotek has maintained the No. 1 global market share in the camera module field since 2011, and is developing and producing global No. 1 products in various areas, including high-value communication semiconductor substrates such as RF-SiP and display substrates.

CEO Hyuk-soo Moon said, “We will create LG Innotek together with our executives and employees to continuously contribute to increasing national exports with innovative technologies and production competitiveness that provide differentiated customer value.”

Hello Tea reporter Lee Chang-hyeon |

2023-12-05 07:04:31
#헬로티 #HelloT #Innotek #receives #Billion #Export #Tower #award #60th #Trade #Day

December 5, 2023 0 comments

Business

Government Debt to Entrepreneurs: The Ongoing Polemic over One-Price Cooking Oil Program in Jakarta

by Chief editor of world-today-news.com November 15, 2023

written by Chief editor of world-today-news.com

Jakarta –

The polemic regarding government debt to entrepreneurs regarding the one price cooking oil (rafaksi) cooking oil program in 2022 is still ongoing. Until now, the debt of IDR 344 billion has not been paid.

Chairman of the Indonesian Retail Entrepreneurs Association (Aprindo) Roy N Mande said that until now his party had not seen any good intentions from the government to resolve the debt and receivables case.

“Until today, November 15, Aprindo has not received any concrete and real steps from the government regarding its intention to complete the rafaction. In fact, we see that this intention may have been dashed to complete the rafaction,” said Roy, in a press conference at Epicentrum Walk, South Jakarta, Wednesday (15/11/2023).

Roy said that his party would immediately take legal steps. This step will be carried out in collaboration with the producers who recently expressed their support.

“Not even 1 month ago, it was still warm in October, we have received support from producers because producers have the same problem. They sell low price cooking oil to retailers and traditional markets, general markets,” said Roy.

“What is the figure? Don’t let me state, ask the producers. Because there is a figure that is bigger than the figure that Aprindo states from 31 retail companies that have not been paid rafactions. How many producers, maybe someone has already written, around 4-5 producers,” he continued .

In line with this, currently legal representatives from both parties are carrying out internal discussions. He stated that his party was ready to immediately take legal steps. Roy guaranteed that this step would be taken this year.

“Do we report it to Bareskrim, that is to say, Headquarters. Do we give a summons, this is being discussed between the attorneys,” he added.

On the other hand, according to him, the Ministry of Trade has no intention of resolving this problem. The reason is, a number of parties ranging from legal opinion information from the Prosecutor’s Office, KPBU, Commission VI DPR RI, to the Coordinating Ministry for Political, Legal and Security Affairs have also stated that the debt must be paid.

“But to this day, we see that the seriousness and intention for the Coordination Meeting between the Coordinating Ministry for the Economy and the Ministry of Trade is not taking place because it is busy. Yes, everyone knows it is busy. Why not from yesterday before it was busy? Then there was a change within the Coordinating Ministry for the Economy, which “He was previously in charge, now he has been replaced. Then there were trips to accompany the Minister, that’s what the Director General said. And various other things. Now the question is, whether you intend to or not?” he said.

“To this day, we don’t know the answer. That’s why I said, is there any intention to complete it? What steps will be taken, because it’s already been two years, we only have one month to go until we’re two years old, the rafaction, and this is our right as business actors, we already have fulfill our obligations as entrepreneurs, in one night,” he continued.

(shc/rir)

2023-11-15 11:10:00
#Cooking #oil #debt #IDR #billion #paid #government #businessman #threatens #report #police

November 15, 2023 0 comments

Business

Record-breaking Increase in Eco-Friendly Car Exports: Insights from the First Half of 2023

by Chief editor of world-today-news.com July 17, 2023

written by Chief editor of world-today-news.com

1 out of 4 export vehicles eco-friendly car… 2 million units recovered in the first half of 4 years after Corona

In the first half of this year, automobile exports increased 46.6% year-on-year to $35.7 billion, breaking a record high. This is more than $10 billion in exports ($25.2 billion) in the first half of 2014, the previous record.

The Ministry of Trade, Industry and Energy announced on the 17th the ‘June 2023 Automotive Industry Trends’ containing these contents. The combined exports of automobiles and parts in the first half of the year were $47.3 billion. The Ministry of Trade, Industry and Energy said, “Expectations are rising that the exports of the automobile industry (cars and parts) will achieve 80 billion dollars this year.”

Exports of eco-friendly vehicles, such as electric, plug-in hybrid, hydrogen, and hybrid vehicles, were $12.4 billion in the first half, up 70.4% from the same period last year. The number of eco-friendly cars exported was 385,000 units, and one out of four exported vehicles was an eco-friendly car. Among eco-friendly vehicles, electric vehicles (BEVs) accounted for the largest share with 182,000 units (47.4%) exported. This was followed by 163,724 hybrids (42.6%), 38,465 plug-in hybrids (10%), and 236 hydrogen cars (0.06%).

Production in the first half of this year was 2.198 million units, up 23.5% from the same period last year. This is due to the normalization of supply of parts such as semiconductors for vehicles. The Ministry of Industry said that it was the first time in four years since 2019, before the corona, that the production volume in the first half of the year recovered to 2 million units.

In the first half of the year, 894,000 vehicles were sold in the domestic market. This is an increase of 10.7% compared to the same period last year. Among them, domestic cars sold 759,000 units, up 8.7%, but imported cars sold 134,000 units, down 3.1%. In the first half of this year, domestic eco-friendly car sales amounted to 264,000 units, accounting for 30% of total sales. In particular, hybrid cars sold 177,000 units (66.9%), accounting for the highest share in the domestic eco-friendly car market.

Meanwhile, last month’s automobile exports increased by 58.3 percent to $6.229 billion. Car exports exceeded $6 billion for four consecutive months from last March to last month after recording $6.5 billion. Eco-friendly vehicle exports last month were $2.29 billion, showing a record growth of 98.4% compared to the same month last year.

Eco-friendly vehicle exports have maintained the $2 billion mark for five consecutive months since recording $2.02 billion last February. Last month, automobile production was tallied at 370,284 units, up 12.8% from the same month last year, as supply chain disruptions in the domestic, North American and European markets were resolved.

Correspondent Changhyun Lee of Hellotti |

2023-07-17 04:32:15
#Automobile #exports #year #highest #ever.. #Ecofriendly #vehicles #increased

July 17, 2023 0 comments

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