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Opinion 2 years ago
PREMIUM
Analysis: Retail stocks empty as Jokowi distributes rice to 22m families
As President Joko “Jokowi” Widodo’s ramped up the rice social assistance program for 22 million poor households in January ahead of the general election, premium rice disappeared from modern retailers. Responding to the scarcity, the President ordered the National Food Agency (Bapanas) and the State Logistic Agency (Bulog) to flood the market with rice from state reserves.
Economy 2 years ago
PREMIUM
Retail sales grow for fourth straight month, pushed by fuel purchases
Preliminary data from Bank Indonesia (BI) show that Indonesia’s retail sales were projected to grow for the fourth month in a row in December as the country entered the Christmas and New Year holiday season.
Economy 2 years ago
PREMIUM
Retailers, suppliers wary of deeper sales decline amid Israel boycott calls
Retailers have started to feel the pinch from a call to boycott pro-Israel products with firms wary that it could lead to a bigger jolt to businesses unless the government intervenes, associations said on Wednesday.
