KARAWANG (Indonesia), Sept 12 — Rahmat Hidayat lost his job when the shoe factory he worked for closed down last year in the industrial town of Karawang in Indonesia’s West...
Fuiyoh! Eager fans queue three hours for a plate of Uncle Roger’s infamous fried rice ahead of restaurant’s grand opening in KL
The 44-year-old now earns less than half of what he used to make by selling grilled meatballs. Unable to afford his wife’s diabetes medication, Rahmat picks herbs to make a tonic instead. It also poses a challenge for the incoming administration of President Prabowo Subianto, who won a February election by a landslide on promises to boost economic growth and create 19 million of jobs. Prabowo takes office on October 20.
The size of the middle class, however, has dropped from 21.5 per cent of the total population in 2019 to 17.1 per cent in 2024, according to official data released last month. A large portion of the foreign investment coming into Indonesia has targeted industries such as mining, which are becoming much less labour intensive as more cutting-edge technology is deployed.
“We want to create a lot of small, medium and micro entrepreneurs, for example through our housing programme. We want to build 3 million units of houses, in villages and cities. That’s to create middle class,” he told Reuters recently.
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