- Automotive: National car sales continue to decline on Sep 24
Based on data from the Association of Indonesian Automotive Industries (Gaikindo), wholesale sales of cars fell 4.8% mom to 72,667 units in Sep 24. Car retail sales also decreased by 5.8% mom to 72,366 units on Sep 24. In 9M24, car wholesale sales fell 16.2% yoy to 633,218 units. Similarly, car retail sales also fell 11.9% yoy to 657,223 units in 9M24. (Kontan) - BUKA clarifies acquisition rumors
Bukalapak.com (BUKA) has spoken out regarding rumors regarding the acquisition of BUKA by TEMU at the request of the Indonesian Stock Exchange (IDX). BUKA’s Corporate Secretary, Cut Fika Lutfi, explained that his party did not know any information regarding the planned acquisition of Bukalapak by TEMU. She also ensured that BUKA would disclose information if they had received verified information regarding the acquisition plan. (Kontan)