Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Indonesia's Most Valuable Brands Outpace GDP with Stellar 13% Growth in BrandZ™ Top 50 Most Valuable Indonesian Brands 2018

This image opens in the lightbox

News provided by

Kantar Millward Brown

24 Oct, 2018, 14:45 GMT

Share this article

Share toX

Share this article

Share toX

JAKARTA, Indonesia, October 24, 2018 /PRNewswire/ --

BCA remains the most valuable brand, up 20% to $12.7 billion, becoming the first Indonesian brand to be listed in the BrandZ™ Top 100 Most Valuable Global Brands  

Indonesia's most valuable brands are growing at more than double the rate of GDP, up 13% compared to 5.2% for the overall economy, according to the BrandZ™ Top 50 Most Valuable Indonesian Brands 2018, announced today by WPP and Kantar Millward Brown.

     (Logo: https://mma.prnewswire.com/media/513554/Kantar_Millward_Brown_Logo.jpg )

The success of the BrandZ Top 50 highlights the power of brand to drive stronger business performance. Over the last three years, the strongest brands in the Top 50 the brands that consumers are most predisposed to buy have grown nearly three times faster than weaker brands.

Indonesia's most valuable brand is once again Bank Central Asia (BCA), which has grown its value by 20% to $12.7 billion. Its success saw it debut in the BrandZ Top 100 Most Valuable Global Brands in 2018 (No. 99, just behind Honda and in front of Adidas), becoming the first-ever Indonesian brand to feature in the global ranking.

In the past year, BCA has used new technology such as its virtual assistant, Vira, which enhances customer service through a range of popular chat applications, to deliver on its long-standing promise to be "Always by your side". The brand's work in the community includes an internship program for undergraduates and sponsorship of the annual badminton Indonesia Open.

The bank's ongoing success also demonstrates the importance of innovation. Across the ranking, those brands that are perceived as highly innovative and offer a great experience grew 20% collectively over the past three years, compared to 12% growth among those who ranked less. The ability to develop new products and services alone is not enough to grow brand value; consumers need to see and feel the brand's innovations and communicating them is essential.

One brand that is successfully communicating new and disruptive propositions to consumers is digital innovator Go-Jek (No. 7, $2.4 billion), the ride-hailing and on-demand apps service which was launched in 2010 and is now expanding into Vietnam. Other new Indonesian disruptor brands include digital travel booking service Traveloka (No. 20, $805 million), which is currently building operations in markets such as Malaysia, the Philippines, Thailand and Vietnam; and online retailers Tokopedia (No. 33, $380 million) and Bukalapak (No. 37, $298 million).

These brands are new entrants to the BrandZ Top 50 Most Valuable Indonesian Brands for 2018, due to changes to criteria for all BrandZ listings that allows unicorns and private brands to be featured where there is credibly sourced financial information or details of funding in the public domain.

All four collectively feed a national desire to access more choices and more places as well as having more experiences. Together they have an average score of 123 for perceived innovation and 130 for experience - where 100 is the average brand. Brands that combine innovation with the provision of a highly positive experience for consumers have grown two-thirds more than those that fail to deliver on both.

However, not all Indonesia's most valuable brands are successful in communicating their innovation, with the BrandZ Top 50 brands averaging just 108, compared to the Global Top 50's average of 113.

David Roth, WPP, says: "BCA's achievement in joining the BrandZ Top 100 Most Valuable Global Brands is impressive and demonstrates how powerful innovation is in growing brand value. For other Indonesian brands to match BCA's performance, they will have to master the art of continuous innovation and then communicate it effectively to consumers."

The BrandZ Top 10 Most Valuable Indonesian Brands 2018 

   
 Rank 2018  Brand          Category      Brand value 2018 ($M) Change
 1 (-)      BCA            Banks                   12,674     +20%
 2 (+2)     BRI            Banks                    9,385     +17%
 3 (-1)     Telkomsel      Telecom Providers        8,863      +3%
 4 (-1)     A Mild         Tobacco                  8,279       0%
 5 (-)      Mandiri        Banks                    6,427     +18%
 6 (-)      Dji Sam Soe    Tobacco                  2,654     +10%
 7 (N/A)    Go-Jek         Transport                2,387      N/A
 8 (-1)     Surya          Tobacco                  2,374     +15%
 9 (-1)     Gudang Garam   Tobacco                  2,311     +13%
 10 (-)     BNI            Banks                    2,228     +22%

Indonesian consumers now look for brands that make a positive impact on their lives and can also justify how they are different to the rest of their category. The ability to create this 'Meaningful Difference' has become a key driver for growing brand value. Since 2015, brands in the BrandZ Top 50 that are perceived by consumers as being highly Meaningful and Different have grown 46% more than those that aren't.

The FMCG sector, in particular, has struggled with changing conditions, growing just 2% year on year, discovering as Indonesia's economy changes and develops, increases in market penetration are no longer enough to achieve growth.

In contrast, Bango (No. 23, $588 million) is the fastest-growing Food and Dairy brand, up 9% year on year thanks to initiatives such as its long-running campaign to celebrate the high quality of its black malika bean and the farmers that grow it, which encompasses regular large-scale events to build brand equity and deliver authentic experiences to consumers.

Other trends highlighted in this year's BrandZ Indonesian Top 50 study include:

  • Banks and retailers are nation's fastest rising categories: Brands in two of the most traditional business sectors - retail and banking - lead the growth, up 8% and 19% respectively. Retailer Ace (No. 32, $421 million) and grocer Alfa (No. 24, $566 million) have grown by 47% and 33% respectively. In the banking sector, where seven brands posted double-digit rises, BTN (No. 43, 242 million) led the way with 31% growth due to building its digital banking options and expanding the provision of loans to people with informal work arrangements.
  • New national shopping day: Indonesia's online shopping day Harbolnas is becoming increasingly critical for brands. Launched in 2012 and held on 12.12 (12 December) each year, Harbolnas is fuelled by deep discounts and other offers, such as free delivery. In 2017, it generated IDR4.7 trillion ($315 million), four times the equivalent level of spend in 2016.
  • Travel beyond Jakarta: Indonesia's capital is home to less than 4% of the country's population. Brands need to tailor messaging to regional and local preferences, which - especially when it comes to food - can vary considerably.
  • Unique and affordable. According the annual Best Countries report developed by BAV Group, Indonesia ranks 41st out of 80 countries. Consumers globally perceive its greatest strengths are affordability and low manufacturing costs, although they tend to have low opinions of the quality of the country's infrastructure, its position on human rights and health.

Ranjana Singh, WPP Country Manager for Indonesia and Vietnam, comments: "Brands can no longer rely on increasing distribution to power growing profits, the economy is now too developed for that. Instead, they must focus on building strong brands that stand for something and have meaning for local consumers. Even in sectors that have grown slowly, the brands who are Meaningful and Different to their consumers have grown their brand value in relation to their peers."

The BrandZ Top 50 Most Valuable Indonesian Brands report and rankings, and a great deal more brand insight for key regions of the world and 17 market sectors, are available online here. The Indonesian report, rankings, charts, articles and more can also be found via the BrandZ app. The BrandZ app also contains the same features and functionality for all BrandZ regional reports and is free to download for Apple IOS and all Android devices from www.brandz.com/mobile or search for BrandZ in the respective iTunes or Google Play app stores.

Background and methodology 

Commissioned by WPP, the valuation behind the BrandZ™ Top 50 Most Valuable Indonesian Brands was conducted by brand equity research experts Kantar Millward Brown. The methodology mirrors that used to calculate the annual BrandZ Top 100 Most Valuable Global Brands ranking, which is now in its 13th year.

The ranking combines rigorously analysed financial data from Bloomberg and Kantar Worldpanel with the opinions of over 27,100 Indonesian consumers gathered for over 509 brands in more than 38 categories. The BrandZ Top 50 Most Valuable Indonesian Brands is the most definitive and robust ranking of the country's brands available, and the brands ranked all meet one of these two eligibility criteria:

  • The brand was originally created by an Indonesian enterprise and is owned by an enterprise listed on a credible stock exchange; or
  • The brand is owned by an enterprise listed on Jakarta Stock Exchange; or
  • Unicorns (which have a valuation in excess of $1billion) founded in Indonesia have their most recent valuation available in the public domain

The suite of BrandZ country rankings and reports also includes China, India, Latin America, Brazil, Saudi Arabia, Spain, the UK, France, Germany, Australia, the U.S. and Italy.

About Kantar Millward Brown  

Kantar Millward Brown is a leading global research agency specialising in advertising effectiveness,  strategic communication, media and digital, and brand equity research. The company helps clients  grow great brands through comprehensive research-based qualitative and quantitative solutions. Kantar Millward Brown operates in more than 55 countries and is part of WPP's Kantar group, one of  the world's leading data, insight and consultancy companies. Learn more at www.millwardbrown.com.

About WPP 

WPP is the world leader in communications services. The company provides a comprehensive range of services including digital, ecommerce & shopper marketing; advertising & media investment management; data investment management; public relations & public affairs; brand consulting; health & wellness communications; and specialist communications. For more information, visit www.wpp.com

For more information please contact:
Fanny Murhayati
Kantar Indonesia
Tel: +62-21-2939-2697 
Email: fanny.murhayati@kantar.com

Ahmad Fadli
Ogilvy Indonesia
Tel: +62-21-2924-3283
Email: ahmad.fadli@ogilvy.com

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.