Soft Opening Industrial
News
15 June 2020

Purchasing Power in Ramadhan 2020


Unlike the previous years, public expenditure during Ramadan this year tends to decrease. This is based on the Consumer Price Index which is used as a reference for calculating the inflation rate. The BPS - Statistics Indonesia recorded an inflation rate of 0.08% MoM in April 2020. This figure is lower than the previous month which reached 0.10% MoM.

Head of the BPS - Statistics Indonesia, Suhariyanto said the low inflation rates indicate two things. First, it shows a decline in purchasing power. Secondly, the low inflation rate also shows that the price of basic commodities during the fasting month and in the midst of the COVID-19 pandemic is still maintained, and food supply is still running smoothly during the PSBB Regulation is applied.

BPS recorded that the April 2020 inflation rate was the lowest compared to the Ramadan of the past 17 years. The influence of the COVID-19 pandemic which suppressed general purchasing power is surely one of the main factors in this condition.

Soft Opening Industrial

Bringing the presence of DPMPTSP Karawang & BPJS (Kesehatan & Ketenagakerjaan) closer to investors/tenants, we can now enjoy information, guidance and services to be assisted in timely manner with accuracy.This is another manifestation of Suryacipta’s vision, i.e. Building a Better Indonesia

Suryacipta City of Industry as one of the largest industrial estates in Karawang is one of the selected industrial estate for KLIK facility (Kemudahan Investasi Langsung Konstruksi). With the operation of SCI and with the KLIK status, Suryacipta has become more investor friendly industrial estate.

Based on the 2020 Indonesian Economic Growth scenario in the COVID-19 pandemic released by the Ministry of Finance, the Government projects that the Indonesian economy will grow 2.3% in 2020 with expectations of 1.3% in Q3 and 2.4% in Q4.

In addition, the International Monetary Fund (IMF) projected the Annual GDP Growth of Indonesia in 2021 will re-bounce to 8.2%, the highest in Southeast Asia. In effort to meet the projections, new fiscal policies have been issued to tackle the negative impact of COVID-19 and revive the economy.