THE arrival of Lotte Mart has clearly made competition in the retail jungle become even tougher. Handaka Santosa, Managing Director of Senayan City, has warmly welcomed this investor from Korea. “This does not mean that local retailers will be left behind. Walmart and Yohan, for example, were unable to hold out here because they could not implement a local approach,” he said.

Irawan D. Kadarman, Director of Corporate Communications at PT Car