The retailer is targeting 80 million people in the middle-to-premium class. PT Mitra Adiperkasa Tbk (MAP Indonesia), the ...

Its emerging middle class certainly helped boost the fortunes of its wealthiest citizens in the past year. The top 40 are now worth a total of $88.6 billion, an increase of more than 4% from a ...

However, a recent report from Indonesia's Central Statistics Agency (BPS) shows that the number of Indonesians classified as middle class has declined. In 2019, BPS data showed 57.3 million people ...

Fundamentally, a middle-class job is one that furnishes a worker with sufficient earnings for them to provide a middle-class standard of living for their family. Among the 85 million income earners ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...

Indonesia’s Central Statistics Agency (BPS) recently announced that the middle class in the country is shrinking. In 2019, the total middle class population numbered 57.33 million.

In 2019, middle-class consumption accounted for approximately 43.39 percent of total household consumption. However, from 2020 to 2024, the proportion of middle-class consumption relative to total ...

Expanding the size of the middle-class population is vital to unlocking Indonesia’s development potential and propelling the country to a high-income country status. Over the past 20 years, the ...

An expanding middle class in Indonesia, one of the world’s largest cigarette markets, will give a lift in the years ahead to PT HM Sampoerna, ‘the crown jewel’ of Philip Morris International ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...