Indonesia launches Eid discount nationwide to drive up consumption


One of the shopping malls in Malang, East Java ahead of Eid al-Fitr in 2023. - Photo: Antara file

JAKARTA: The Indonesian government aims to generate up to 36.3 trillion rupiah (about US$2.22 billion) in shopping transactions ahead of Eid al-Fitr (Hari Raya Aidilfitri) through a nationwide discount event, the Coordinating Ministry for Economic Affairs said Friday (March 14).

The Shopping in Indonesia Only (BINA) promotion, offering up to 70 per cent off and running from Friday to March 30, takes place across 80,000 retail businesses and 402 shopping malls nationwide.

"Our domestic market is substantial, contributing 52 per cent of the economy, and we must sustain its momentum," said Coordinating Minister for Economic Affairs Airlangga Hartarto during the programme's launch.

Held quarterly, the BINA seeks to enhance public purchasing power, promote locally made products, and stimulate national economic growth.

Airlangga highlighted Indonesia's significant potential, particularly in Jakarta, due to its high per capita income and globally competitive retail and culinary sectors.

He also expressed confidence that the event would attract not only domestic tourists but also international visitors from Southeast Asia. - Xinhua

 

 

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