JAKARTA: PT Ace Hardware Indonesia Tbk, a retail company, planned to open Ace Home Center on a 14,695 m2 land area and Toys Kingdom on a 2,734 m2 in Living World Mall Alam Sutra, Banten on July 23.In a disclosure information, the company said it also planned to open the 48th store in Manado, North Sulawesi. It would be the first store in Manado.The company is planning to open six new stores this year which will be funded by its internal cash. The business of Ace Hardware consists of home improvement and lifestyle store. The company also entrance in toys business through its subsidiary.Retail sector is predicted to jump by 15% this year boosted by economic growth which might reach 6%.The ACES-coded stock gained 11.11% or IDR350 to IDR3,500 as of 3.15 p.m. local time at the Jakarta Stock Exchange. (msw)

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