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Jakarta Post

Urban Chat: Patriotically going on a spending spree

  • Lynda Ibrahim

Jakarta   /   Sat, May 28 2016   /  09:36 am

A common conversation topic nowadays is how slow the economy has become. Friends in media and showbusiness find it difficult to get publicity and sponsorship; pals in fast-moving consumer goods and telecommunications (typically happy to shell out dough) report cutbacks on non-pivotal promotions because sales have been slow.

A slowdown in consumer spending is not exactly news. My contacts in retail have whined, in varying degrees, about missing targets as far back as Idul Fitri last year — a trend that continued through the subsequent Christmas and Chinese New Year.

One argument says consumers have shifted to online shopping, where goodies are more varied in type and price. While that’s possible, I haven’t seen the numbers to conclude that the missing buyers from physical stores have all migrated to their online counterparts. Going by consumer confidence reports for ...