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Sarinah
PT Sarinah (Persero) is an Indonesian retail company owned by PT Aviasi Pariwisata Indonesia (Persero) (InJourney), a state-owned holding company. Its flagship store, Sarinah Building in M.H. Thamrin Street of Central Jakarta, was the first skyscraper to be built in Jakarta as well as the first modern department store in the city. In addition to Thamrin, Sarinah also has a number of other outlets namely at Pejaten Village in South Jakarta, Banyumanik ( Semarang) and Malang. History Sarinah was incorporated on 17 August 1962 as PT Department Store Indonesia "Sarinah". In the early 1960s, Indonesia was hit by very high inflation rates. President Sukarno believed that a department store would act as a price stabilizer to help keep prices under control, citing similar department stores in Communist states used as such price stabilizers (for example, the Soviet GUM, the Czech Bílá labuť, and the Polish CDT). The first store in Jakarta was built by Obayashi Corporation usi ...
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Sarinah Building
Sarinah Building ( id, Gedung Sarinah) is a 74-metre tall 15-floor department store in Gondangdia, Menteng, Central Jakarta, Indonesia. It was the first skyscraper to be built in Jakarta. Sarinah is located at the intersection of Jalan Kyai Haji Wahid Hasyim and Jalan M. H. Thamrin. It was Jakarta's first modern department store, famous for having Indonesia's first escalators (installed by Hitachi), for being air-conditioned and for having electronic cash registers. History PT Department Store Indonesia "Sarinah" (former company name of Sarinah) first piled the foundation of Sarinah building on 23 April 1963. The building was built by Obayashi Corporation and state-owned construction company Adhi Karya, using Japanese war reparation funds. The building was handed over to Sarinah on 22 December 1965, coinciding with Mother's Day, and was inaugurated on 15 August 1966. In the 1990s, after leasing out some of its space to McDonald's (its first branch in Indonesia) and Hard Rock ...
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