Astra Land taps rising demand for modern warehousing in Jakarta
The joint venture between Astra International and Hongkong Land sets its sights on Indonesian capital amid e-commerce boom, growing logistics market
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ASTRA Land Indonesia (ALI), a joint venture (JV) between Indonesia-listed Astra International and Singapore-listed Hongkong Land, is looking to tap growing demand for modern warehousing in the country, mainly in Jakarta and its surrounding cities.
"There is still sufficient room for growth because domestic logistics outsourcing can still be optimised compared to other countries in South-east Asia," Boy Kelana Soebroto, head of corporate communication at Astra International, told The Business Times.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
