Mustika Ratu hits Manila

MANILA (JP): Indonesian cosmetics-maker Mustika Ratu plans to set up a plant in the Philippines as part of its ASEAN expansion program.

Company president Bra Mooryati Soedibyo said early this week the firm had appointed Sterling Trans Trade Corp, a local company, as the exclusive distributor of Mustika products in the Philippines.

"We can compete against Western cosmetics products and we have proven it for so many years," the Indonesian executive said.

Mustika Ratu exports to Japan, Taiwan, South Korea, the Middle East and the Netherlands.