Explosion and Fire Erupt at Valero Oil Refinery in Port Arthur, Texas 
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis 
Innate Pharma Reports 55% Revenue Drop and €49.2M Net Loss for 2025 
Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears 
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty 
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty 
Australia-EU Free Trade Deal Signed After Years of Negotiations 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Asian Stocks Gain Amid Iran Conflict Uncertainty 
UK Consumer Confidence Weakens Amid Middle East Conflict and Rising Living Costs 
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war? 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
Nintendo Switch 2 Production Cut as Holiday Sales Miss Targets 
Paris Baguette is one of the leading and largest bakery chains in South Korea, and it is now expanding to Indonesia. Through a partnership deal between the bakery’s operator, which is SPC Group, and Indonesia’s local firm, the Erajaya Group, the brand will be coming to Asia’s “The Emerald of the Equator” soon.
Paris Baguette and Erajaya Group will enter a joint venture agreement for the Korean bakery’s expansion across Southeast Asia. This is the company’s latest move as part of its plans to expand outside of S. Korea further.
According to The Korea Times, the SPC Group revealed on Monday, Oct. 18, that Paris Baguette Singapore LTD, the group that manages the bakery chain’s Southeast Asia operations and Erajaya Food and Nourishment (EFN), agreed on a deal for a joint venture.
Paris Baguette Singapore established PT Era Boga Patiserindo to form the joint company with EFN. Thus, the very first Paris Baguette outlet in Indonesia will be opened by PT Era Boga Patiserindo in November. The first store will be put up in Jakarta, and more outlets will follow in other major cities such as Sumatra and Bali.
Indonesia will become the seventh country to have Paris Baguette as the brand is already present in countries including the United States, France, China, Singapore, Vietnam, and Cambodia. All in all, the bakery chain has a total of 430 stores today.
“We are honored to partner with Paris Baguette to expand its footprint in Indonesia,” Korea Joongang Daily quoted Erajaya Food and Nourishment chief executive officer Gabrielle Halim as saying in a statement. “Their commitment to innovation and quality is in line with our vision to become a leading F&B player in Indonesia. We are certain the food lovers in Indonesia will welcome and enjoy Paris Baguette’s fresh concept and unique offerings when we open our first stores shortly.”
Hur Jin Soo, Paris Baguette’s operator SPC Group’s executive vice president, also said that they see high potential in Indonesia with the opening of the bakery since it is the largest market in Southeast Asia. He added that they will further boost the brand’s global business and will build a new factory in Malaysia as well.
