The offline retail sector is projected to see further impact as a result of tough online competition, as indicated by the growing vacancy rate among retail spaces in Jakarta. According to a study by property consulting firm Savills Indonesia, the retail space vacancy rate increased year-on-year (yoy) to 12.7 percent in September 2018 from 11.3 percent in 2017, while the monthly commercial rent […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s economic growth in the 4th quarter of 2018 is predicted to not exceed 5.2 percent due to bad export performance. Bank Indonesia Governor Perry Warjiyo asserted that there is no probability of the economic growth to reach 5.2 percent. “However, it is clearly over 5 percent, so in overall, for 2018 [economic growth] is predicted […]
Read MoreIndonesia’s trade deficit this year, which reached US$7.5 billion in November, has forced the government to find a way to boost exports. Trade Minister Enggartiasto Lukita said on Thursday the government could not increase exports significantly this year because of various barriers, particularly the high tariffs imposed on Indonesian products that made them less competitive […]
Read MoreOrganizers of the National Online Shopping Day (Harbolnas), also known as the 12.12 shopping festival, say the share of Indonesian product sales was close to 50 percent of transactions made during the festival, which was recorded at Rp 3.1 trillion (US$213.84 million). Harbolnas organizing committee chairman Indra Yonathan said the high share of local product sales, […]
Read MoreBank Indonesia (BI) maintained on Thursday its policy rate at 6 percent despite the United States Federal Reserve’s decision to increase its benchmark rate by 25 basis points to a range of 2.25 to 2.5 percent. BI also maintained its lending and deposit facilities at 6.75 percent and 5.25 percent, respectively. “Although the Fed has […]
Read MoreThe swelling trade and current account deficits are a serious matter for the country’s economy as it will negatively affect the rupiah’s performance and the country’s resistance to the external pressure triggered by global economic uncertainty, economists say. “The US$7.5 billion trade deficit is not a simple thing. Trade deficits occurred in eight out of the […]
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