{
    "success": true,
    "data": {
        "id": 1796774,
        "msgid": "shopping-centres-believed-to-remain-bustling-despite-weakening-rupiah-1781139056",
        "date": "2026-06-11 07:05:00",
        "title": "Shopping Centres Believed to Remain Bustling Despite Weakening Rupiah",
        "author": "Andhika",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian Shopping Centre Management Association (APPBI) in Jakarta is optimistic that retail footfall will remain strong despite the rupiah's depreciation against the US dollar. The confidence is underpinned by local government support through shopping festivals and incentives, as well as a shift towards experiential retail. The ongoing Festival Jakarta Great Sale 2026 is targeting transactions of Rp16 trillion, aided by the school holiday period.",
        "content": "<p>Chairman of the Indonesian Shopping Centre Management Association\n(APPBI) Regional Leadership Council (DPD) DKI Jakarta, Mualim Wijoyo,\nexpressed optimism that shopping centres in Jakarta will remain bustling\nwith visitors even though the rupiah exchange rate is weakening against\nthe US dollar. Mualim assessed that public consumption stability is\nmaintained thanks to the support of the DKI Jakarta Provincial\nGovernment through various shopping festivals and the provision of\nincentives for business operators. One of the driving forces is the\nJakarta Festive Wonders event, which has proven effective in boosting\nresidents\u2019 shopping interest. \u201cSo far, the government has provided\nsupport. The DKI Jakarta Provincial Government held Jakarta Festive\nWonders as an event to drive shopping. So, the issue of the dollar\u2019s\nrise is different from domestic shopping enthusiasm,\u201d said Mualim at the\nopening of the Festival Jakarta Great Sale (FJGS) in Jakarta on\nWednesday (11\/6). Furthermore, Mualim explained that the appeal of malls\ntoday no longer solely relies on conventional buying and selling\ntransactions. Shopping centres have transformed into vessels for\nexperience for visitors, which keeps visit levels high. Regarding the\nimplementation of the 2026 Festival Jakarta Great Sale, which runs from\nthis Wednesday until 22 July 2026, APPBI is targeting a fairly ambitious\ntransaction figure. \u201cWe are optimistic that the sales target of Rp16\ntrillion can be achieved, especially as the momentum coincides with the\nschool holiday period,\u201d he added. The 2026 FJGS, held in celebration of\nJakarta\u2019s 499th anniversary, is being participated in by 104 shopping\ncentres across the Jakarta area. Beyond large malls, this event also\ninvolves Micro, Small, and Medium Enterprises (MSMEs) as part of a\nstrategy to strengthen the local economy. Echoing Mualim, Uus, a\nrepresentative of the organisers, confirmed that FJGS is a strategic\nstep to turn the wheels of the economy amidst global challenges. He\nexpressed hope that malls can act as a guardian for MSMEs in their\nvicinity through inclusive collaboration. Although people\u2019s purchasing\npower faces pressure, optimism remains high based on Jakarta\u2019s\nstill-positive economic growth and controlled inflation rate. \u201cWe must\nbe optimistic. Jakarta\u2019s economic growth is quite high and we have\nmanaged to control inflation well,\u201d concluded Uus.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/shopping-centres-believed-to-remain-bustling-despite-weakening-rupiah-1781139056",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}