World

Indonesia: Post-election riot causes heavy economic losses

Indonesian businesses lost an estimated 100 billion-1.5 trillion rupiahs (6.9 million-103.7 million USD) due to recent protests against election results in Jakarta, according to the Jakarta Chamber of Commerce and Industry, known as Kadin. ​
Indonesia: Post-election riot causes heavy economic losses ảnh 1Post-election riot causes heavy economic losses.
(Photo: AFP/VNA)

Jakarta (VNA) – Indonesian businesses lost an estimated 100 billion-1.5trillion rupiahs (6.9 million-103.7 million USD) due to recent protests againstelection results in Jakarta, according to the Jakarta Chamber of Commerce andIndustry, known as Kadin.

Kadin DeputyChairman Sarman Simanjorang stated that riots on May 21-22 had left traderswith no choice but to close many wholesale markets.

Tanah Abang, the largest textile wholesale market in Southeast Asia, has 11,000kiosks, with each averaging a daily turnover of 11 million rupiahs. Therefore,total losses from its closure could amount to 165 billion rupiahs (11.4 millionUSD) a day.

At many other malls, including Mangga Dua and Glodok in West Jakarta, GrandIndonesia and Thamrin City, though not completely shut, most shops were closedat 2 p.m. The number of customers plummeted some 60 percent.

Sarman said some80,000 kiosks saw their revenue fall as a result of the riots.

At least eight demonstrators were killed and more than 700 others were injuredin clashes between protestors and police officers during the post-electionprotest in Jakarta on May 21-22.-VNA
VNA
#Indonesian businesses#recent protests#election results#Jakarta Chamber of Commerce and Industry#textile wholesale market#Mangga Dua#Tanah Abang#demonstrators#heavy economic losses#Vietnam News Agency#Vietnamplus
Follow VietnamPlus

Related News

Indonesia to officially announce election winner by May 28

Indonesia to officially announce election winner by May 28

The General Election Commission (KPU) of Indonesia said on May 21 that it will soon make an official announcement on the winner of the presidential election, unless a lawsuit regarding the event is lodged in the Constitutional Court.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.