Indonesian Political, Business & Finance News

Market rent up by 50 percent

Market rent up by 50 percent

JAKARTA (JP): Market management fees will be raised by 60 to 150 percent in five years, the director of the city-owned market company, PD Pasar Jaya, has said.

"The fees set by the municipality in 1990 are quite outdated," Soedradjat Soeleman announced on Tuesday.

He said the new fees will be effective for markets which are not built under the Presidential Instruction program.

The increases are necessary, he said, mainly due to inflation.

"We hope the increases will enable better services to traders," he said.

Governor Surjadi Soedirdja has issued a new regulation on the increases, Soedradjat said.

The management of PD Pasar Jaya will take into account the capacity of traders in the city's 100 markets, he said.

He said that as a general rule gold traders in Tanah Abang, for instance, are to pay Rp 811.67 per square meter, an increase of 96.29 percent. Tanah Abang is categorized as a regional market, also serving shoppers from other areas in Java and Sumatra.

Meanwhile, traders of various household goods in residential markets will be subject to a fee of Rp 380 per square meter, an increase of 57.68 percent. In regional markets they will have to pay Rp 696.67 per square meter, 9 percent more than current fees.

Soedradjat said he expected revenues from the gradual introduction of the new fees to reach Rp 39 billion this year.

The management of PD Pasar Jaya pays garbage fees of Rp 5,000 per cubic meter of garbage, which amounts to 1,800 to 2,000 cubic meters daily. (anr/yns)

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