Detikcom 2.0

Having bought Detikcom, how will Chairul Tanjung get a return on his investment?

By Pudji Lestari and Ardian Wibisono

Budiono Darsono.  © Ahmad Zamroni

Budiono Darsono started Indonesia’s first free news portal Detikcom in 1998 just as Indonesia was in a chaotic transition following the resignation of the late President Soeharto after 32 years of rule. The riots and other fast-moving events all lead to demand for breaking news online. As Detikcom was the only local news website at that time, an advantage it would hold for several more years, it quickly got recognition and page views. Today, despite a number of newcomers, Detikcom is still the largest news portal, ranked ninth of the most visited websites in Indonesia according to web rating service Alexa.com. Continue reading

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Growing Minimarts

Alfamart went from one to nearly 5,000 stores in just over a decade, and it’s not slowing down.

Djoko posing near the cash register at Alfamart outlet in Meruya, West Jakarta. Photo by Ahmad Zamroni.

Alfamart may specialize in minimarts but there’s nothing mini about the business. Targeted at the low to middle classes, the chain has blossomed from one store in 1999 to 4,863 outlets across the islands of Java, Makassar, Bali and Lampung, as of February 16. Parent company PT Sumber Alfaria Trijaya should book Rp 18 trillion of revenues this year, up from Rp 14.5 trillion in 2010, with profit projected to grow to Rp 400 billion from Rp 250 billion, according founder Djoko Susanto, who is president commissioner. Continue reading