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View all search resultsAs national policies pivot toward rural and lower-income support, the urban middle class is being left out in the cold, squeezed by stagnant wages and rising costs, creating a "quiet frustration" that could pose a systemic risk to economic and political stability.
MR.DIY, which entered Indonesia in 2017, has opened more than 850 stores in the country, focusing on satellite cities of Jakarta and towns across the country, where it is often the pioneering national retailer.
The Indonesian Palm Oil Association (GAPKI) and palm oil smallholders have protested the use of "palm oil-free" labels, while Trade Ministry regards the label as a negative campaign against food products containing palm oil.
Even after the latest trade regulation, offline sellers are still up in arms over cheap imported goods, which still proliferate online marketplaces – as the Post found out when it purchased two pairs of sneakers for less than $4 each.
PT Unilever Indonesia, a major manufacturer of fast-moving consumer goods (FMCG), saw its net profit drop 6.8 percent year on year (yoy) to Rp 5.36 trillion (US$354.6 million) in 2022 amid increased input costs.
We are optimistic for 2021, especially seeing that the market and the government is on the move. The first half of the year will be better than last year, but the industry will not be fully recovered yet. However, we see that recovery can happen in the second half of the year, especially if the vaccination process can take less than 18 months.
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