Indonesian Middle Class Will Reach 141 Million By 2020: BCG
Global management consulting firm the Boston Consulting Group is projecting the Indonesian middle class — which currently stands at 74 million — may reach 141 million people in 2020, one of its...
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Local Firms at Risk of Losing in Battle for Indonesia’s Middle Class
Indonesia’s middle class may double to 140 million people by 2020, according to the Boston Consulting Group. This new group of middle class Indonesians would have more money for pricey items like...
View ArticleNew Asset Manager Already in Product Talks With Banks
Ashmore Group, a London-based investment manager with expertise in emerging markets, has set up an asset management office in Jakarta to tap into growing demand for financial services in Indonesia. The...
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Indonesian Developers Switching to Middle-Income Housing
Rising purchasing power, low interest rates and moderate inflation has encouraged home purchases. (JG Photo/Safir Makki) Property developers are increasingly targeting the middle-class property segment...
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My Policies Helped Ease Poverty, Yudhoyono Says
Swedish fashion chain H&M is among the companies eying middle-class Indonesians. (JG Photo/Safir Makki) The government has claimed credit for the growth in the country’s middle class, saying the...
View ArticleEditorial: Only Meaningful Jobs Will Reduce Poverty
The growth of the middle class has been one of Indonesia’s better stories. Companies from around the globe are coming here in droves in the hope of tapping this vast market. Hatta Rajasa, coordinating...
View ArticleLion Air Sees 32m Passengers This Year on Rising Incomes
Lion Mentari Airlines, which operates Lion Air, expects to carry more passengers this year, capitalizing on growing purchasing power of middle-class Indonesians. Lion Air expects to carry 32 million...
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Analysis: An Economic Shadow Over a Political Year
Dozens of people take part in a parade in Central Jakarta on Sunday, Jan. 12. Growing middle-class exuberance in Indonesia will be tested at the polls this year. (JG Photo/Afriadi Hikmal) It was early...
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Why Indonesia’s Well-Off Should Do More to Support Conservation Efforts
(JG Graphics/Josep Tri Ronggo) Indonesia’s middle and upper classes are becoming increasingly interested and supportive of environmental conservation. Still, they have some way to go to become real...
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