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View all search resultspurchasing-power
Economy 1 year ago
PREMIUM
Hospitality industry braces for tougher periods in ‘survival mode’
The Indonesian Hotels and Restaurants Association (PHRI) has asked the government to reconsider a stipulation that orders ministries to cut spending for official trips by a minimum of 50 percent as well as to refrain from hiking value added tax to 12 percent next year.
Academia 1 year ago
PREMIUM
Why we have to continuously update the poverty line
According to the World Bank’s "Poverty & Equity Brief East Asia & Pacific" released in October 2023, under the global standard, 60.5 percent of Indonesia's population, around 166.6 million people, were living below the poverty line in 2022.
Companies 1 year ago
PREMIUM
Multifinance firms blame declining purchasing power for rise in bad loans
The Financial Services Authority (OJK) has revealed an increase in nonperforming financing (NPF) at domestic multifinance firms to 2.75 percent in July from 2.69 percent a year earlier, which industry players attribute to weaker purchasing power of Indonesian consumers.
