{
    "success": true,
    "data": {
        "id": 1589471,
        "msgid": "entrepreneurs-rally-mall-boss-says-indonesians-will-be-spending-heavily-1772694307",
        "date": "2026-03-05 13:00:00",
        "title": "Entrepreneurs Rally! Mall Boss Says Indonesians Will Be Spending Heavily",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": " APPBI expects Ramadan 2026 to mark a peak in retail sales in the second week of March, just before Eid mudik. Footfall at shopping centres is anticipated to rise by around 10-15% year-on-year through Ramadan and Idulfitri, with the second day of Idulfitri seeing peak visits. Promotions, entertainment, and government stimulus are expected to sustain purchasing power during the period, underscoring Ramadan and Idulfitri as Indonesia's peak retail season.",
        "content": "<p>Jakarta, CNBC Indonesia - The Indonesian Shopping Mall Management\nAssociation (APPBI) predicts that the peak of retail sales during\nRamadan 2026 will occur in the second week of March, just before the\npublic undertakes Lebaran mudik. APPBI President Alphonzus Widjaja said\nthe surge in transactions usually happens when people begin preparing\nfor the holiday. \u2018It is expected that the peak of sales during Ramadan\n2026 will occur in the second week of March, before people undertake the\nLebaran mudik,\u2019 Alphonzus told CNBC Indonesia, Thursday (5\/3\/2026). In\naddition to higher transactions, APPBI also foresees a rise in the\naverage visitation rate to shopping centres during Ramadan through\nIdulfitri this year compared with last year. \u2018It is expected that the\naverage visitation rate to Shopping Centres ahead of and during Ramadan\nand Idulfitri will increase by around 10%-15% compared with last year,\u2019\nhe said. Meanwhile, the surge in visits to shopping centres during the\nLebaran holidays is predicted to occur on the second day of Idulfitri,\nafter people finish celebrating the holiday and visiting relatives. \u2018The\npeak of visits to Shopping Centres during the Lebaran holidays will\noccur on the second day of Idulfitri after people celebrate and visit\nfamily, relatives and others,\u2019 he explained. According to Alphonzus,\nduring Ramadan nearly all product categories will experience higher\nsales. However, shopping patterns will shift ahead of and after\nIdulfitri. \u2018Nearly all product categories and goods will experience\nhigher sales during Ramadan. Shopping patterns will shift ahead of\nIdulfitri and during the Idulfitri holidays, when people are inclined to\nbuy food and beverages and entertainment,\u2019 he said. He noted that\nRamadan and Idulfitri are the most important periods for Indonesia\u2019s\nretail industry because they represent the peak sales season each year.\n\u2018In the current context of national economic growth still not being\noptimal, all sales momentum will be utilised to the maximum by the\nretail industry to boost performance, especially during Ramadan and\nIdulfitri, which are the peak sales seasons for retail in Indonesia,\u2019\nsaid Alphonzus. He added that the retail sector\u2019s performance in the\nfirst quarter of 2026 will be critical for overall annual performance.\n\u2018The first quarter of 2026 will be very important for the retail\nindustry as it opens the year and will influence performance for the\nrest of the year,\u2019 he said. Several early-year momentum drivers are also\nseen as capable of boosting consumer spending, ranging from New Year,\nminimum wage increases, the Lunar New Year, bonuses, Ramadan, THR\n(Tunjangan Hari Raya), and Idulfitri. \u2018In this first quarter of 2026\nthere are several supporting factors that could drive retail\nperformance, including New Year, minimum wage increases, the Lunar New\nYear, bonuses, Ramadan, THR, and Idulfitri,\u2019 he explained. To maximise\nthis momentum, shopping centres will also host a variety of\nentertainment events and thematic decorations to attract visitors. \u2018As\nis typical to welcome and enliven the celebrations, Shopping Centres\nwill organise a range of events, attractions, activities wrapped in\narts, music, culture, entertainment and more to attract visitors to\nShopping Centres,\u2019 Alphonzus said. \u2018Visitors will gain unique and\nmemorable experiences at the Shopping Centres with beautiful decorations\nnot found in everyday conditions and circumstances,\u2019 he added. In\naddition, various promotional programmes will be prepared to boost\ntransactions during Ramadan through to Lebaran. \u2018Shopping centres\ntogether with retailers will also prepare various very attractive\nshopping promotions to meet visitors\u2019 needs ahead of the festive\nseason,\u2019 he said. Furthermore, Alphonzus added, several government\nstimuli such as discounts on transport tariffs, toll discounts, and\nsocial aid are expected to help sustain purchasing power among the\npublic during Ramadan and Idulfitri. \u2018The stimulus and incentives\nprepared by the government, including transport tariff discounts, toll\ndiscounts, social aid and so on, are expected to boost purchasing power,\nespecially for the lower middle class during Ramadan and Idulfitri,\u2019 he\nconcluded. (dce)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/entrepreneurs-rally-mall-boss-says-indonesians-will-be-spending-heavily-1772694307",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}