Thu, 25 Jun 2015
AEON Mall, a subsidiary of Japan's largest retailer AEON Group, recently launched its first shopping mall in Indonesia.

The massive facility is developed and operated by AMSL, in partnership with AEON and the local real estate giant, Sinar Mas Land.

"Indonesian market is expected to grow, supported by the significant economic growth and the increasing middle-class. We want to contribute to the economic growth of Indonesia through our retail business. We created 3,500 new jobs at this shopping centre. We wish to contribute to the economic growth by contributing to the life improvement for the people in Indonesia," said Motoya Okada, Group CEO, President, AEON Co., Ltd.

AEON operates 141 malls in Japan and is expanding through Southeast Asia, such as in Malaysia, where it is the biggest retailer, as well as Philippines.

It forayed into Vietnam and Cambodia by opening shopping malls last year.

AEON Mall BSD City, the 177,000 square meter shopping mall houses 280 diversified stores, 47 of which are part of popular Japanese franchises.

It also includes 140 restaurants and the largest food court in BSD district.

AEON is targeting suburban areas where young families and youth with high spending live.

It plans to open 20 new shopping malls in Indonesia, mainly in West Java and the Greater Jakarta area after 2016.

"We have very high expectations in the suburb or the Greater Jakarta area in Indonesia," added Okada.

In recent years, the world has embarked on assistance to Myanmar, as the country's democratization has rapidly advanced.

The Japanese government has also decided to provide Overseas Development Assistance to the country. It includes renovation of aging signal equipments for the Myanmar railways.

Japan's signal manufacturer, Kyosan Electric Manufacturing had produced and delivered the signal equipments for 27 Burma National Railway Stations at the age of the former Burma era in 1957.

These signal equipment delivered by Kyosan Electric Manufacturing, were manufactured about 60 years ago.

Even today, they are still running on active duty, it is continuously contributing to the safety of the Myanmar Railway's passenger and cargo trains.

The signal equipment made by Kyosan Electric Manufacturing at Mandalay station was the largest at that time. It is actively running even now.

"Mandalay Station was established in 1949. This Kyosan Signaling System was installed in 1960. Still, Myanmar Railway is running with this Japanese signaling system without failure for 60 years. I realize the easy maintenance, reliability and safety of the "Made in Japan" with respect," said Htein Win, Assistant General Manager, Ministry of Rail Transportation, Myanmar Railways.

The products made by Kyosan Electric Manufacturing still continue to operate and gathers enormous trust by the maintenance personnel of Myanmar national railway. (ANI)





News Search/Filter
Transaction Rates
18 Nov 18
Buy
Sell
AED1
3,977.85
3,977.85
AFN1
193.47
193.47
ALL1
134.02
134.02
AMD1
30.36
30.36
ANG1
8,297.83
8,297.83
AOA1
47.08
47.08
ARS1
408.63
408.63
AUD1
10,718.84
10,718.84
AWG1
8,115.14
8,115.14
AZN1
8,582.29
8,582.29
BAM1
8,531.97
8,531.97
BBD1
7,305.68
7,305.68
BDT1
175.79
175.79
BGN1
8,531.81
8,531.81
BHD1
39,070.41
39,070.41
BIF1
8.26
8.26
BMD1
14,611.36
14,611.36
BND1
10,700.25
10,700.25
BOB1
2,131.43
2,131.43
BRL1
3,903.12
3,903.12
BSD1
14,611.36
14,611.36
BTC1
80,859,465
80,859,465
BTN1
204.87
204.87
BWP1
1,378.53
1,378.53
BYN1
6,971.21
6,971.21
BZD1
7,306.94
7,306.94
CAD1
11,113.39
11,113.39
CDF1
8.96
8.96
CHF1
14,621.81
14,621.81
CLF1
624,951.24
624,951.24
CLP1
21.82
21.82
CNH1
2,111.35
2,111.35
CNY1
2,105.99
2,105.99
COP1
4.61
4.61
CRC1
24.26
24.26
CUC1
14,611.36
14,611.36
CUP1
567.43
567.43
CVE1
150.18
150.18
CZK1
641.94
641.94
DJF1
82.07
82.07
DKK1
2,235.97
2,235.97
DOP1
293.22
293.22
DZD1
123.66
123.66
EGP1
822.34
822.34
ERN1
974.26
974.26
ETB1
527.54
527.54
EUR1
16,683.44
16,683.44
FJD1
6,934.35
6,934.35
FKP1
18,760.89
18,760.89
GBP1
18,760.89
18,760.89
GEL1
5,971.15
5,971.15
GGP1
18,760.89
18,760.89
GHS1
3,054.08
3,054.08
GIP1
18,760.89
18,760.89
GMD1
294.55
294.55
GNF1
1.62
1.62
GTQ1
1,909.06
1,909.06
GYD1
70.42
70.42
HKD1
1,866.23
1,866.23
HNL1
608.80
608.80
HRK1
2,245.93
2,245.93
HTG1
203.14
203.14
HUF1
51.86
51.86
IDR1
1.00
1.00
ILS1
3,944.21
3,944.21
IMP1
18,760.89
18,760.89
INR1
202.98
202.98
IQD1
12.34
12.34
IRR1
0.34
0.34
ISK1
119.14
119.14
JEP1
18,760.89
18,760.89
JMD1
116.95
116.95
JOD1
20,593.76
20,593.76
JPY1
129.50
129.50
KES1
142.98
142.98
KGS1
212.66
212.66
KHR1
3.64
3.64
KMF1
33.85
33.85
KPW1
16.23
16.23
KRW1
13.02
13.02
KWD1
48,396.08
48,396.08
KYD1
17,673.16
17,673.16
KZT1
39.84
39.84
LAK1
1.72
1.72
LBP1
9.73
9.73
LKR1
83.33
83.33
LRD1
92.40
92.40
LSL1
1,035.81
1,035.81
LYD1
10,551.98
10,551.98
MAD1
1,541.67
1,541.67
MDL1
857.46
857.46
MGA1
4.05
4.05
MKD1
271.16
271.16
MMK1
9.19
9.19
MNT1
5.86
5.86
MOP1
1,825.73
1,825.73
MRO1
40.92
40.92
MRU1
398.89
398.89
MUR1
420.71
420.71
MVR1
945.10
945.10
MWK1
20.18
20.18
MXN1
724.73
724.73
MYR1
3,489.04
3,489.04
MZN1
241.73
241.73
NAD1
1,035.81
1,035.81
NGN1
40.08
40.08
NIO1
455.43
455.43
NOK1
1,731.44
1,731.44
NPR1
128.04
128.04
NZD1
10,047.35
10,047.35
OMR1
37,957.59
37,957.59
PAB1
14,611.36
14,611.36
PEN1
4,354.25
4,354.25
PGK1
4,371.46
4,371.46
PHP1
277.93
277.93
PKR1
109.55
109.55
PLN1
3,866.10
3,866.10
PYG1
2.48
2.48
QAR1
4,044.49
4,044.49
RON1
3,575.56
3,575.56
RSD1
141.09
141.09
RUB1
221.43
221.43
RWF1
16.56
16.56
SAR1
3,894.33
3,894.33
SBD1
1,825.38
1,825.38
SCR1
1,068.98
1,068.98
SDG1
309.34
309.34
SEK1
1,622.37
1,622.37
SGD1
10,647.36
10,647.36
SHP1
18,760.89
18,760.89
SLL1
1.74
1.74
SOS1
25.46
25.46
SRD1
1,959.15
1,959.15
SSP1
112.16
112.16
STD1
0.69
0.69
STN1
674.88
674.88
SVC1
1,683.14
1,683.14
SYP1
28.37
28.37
SZL1
1,035.81
1,035.81
THB1
444.85
444.85
TJS1
1,563.04
1,563.04
TMT1
4,162.80
4,162.80
TND1
5,054.06
5,054.06
TOP1
6,377.60
6,377.60
TRY1
2,740.36
2,740.36
TTD1
2,185.19
2,185.19
TWD1
476.56
476.56
TZS1
6.37
6.37
UAH1
530.57
530.57
UGX1
3.94
3.94
USD1
14,611.36
14,611.36
UYU1
449.79
449.79
UZS1
1.77
1.77
VEF1
0.05
0.05
VND1
0.63
0.63
VUV1
132.60
132.60
WST1
5,594.99
5,594.99
XAF1
25.43
25.43
XAG1
210,513.09
210,513.09
XAU1
17,844,846.11
17,844,846.11
XCD1
5,406.10
5,406.10
XDR1
20,297.81
20,297.81
XOF1
25.43
25.43
XPD1
17,195,499.69
17,195,499.69
XPF1
139.80
139.80
XPT1
12,368,358.23
12,368,358.23
YER1
58.36
58.36
ZAR1
1,041.95
1,041.95
ZMW1
1,243.42
1,243.42
ZWL1
45.32
45.32
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services