I'nesia keeps rebuilding traditional markets

MONDAY, DECEMBER 29, 2014
I'nesia keeps rebuilding traditional markets

The government will step up renovations of the country's traditional markets next year in hopes that they will be able to compete with growing modern markets in the country.

Last April, the government claimed to have renovated 2,758 traditional markets between 2005 and 2013 at a total cost of 4.01 trillion rupiah (US$321.8 million).
Between 2011 and 2013, the trade ministry revitalised 461 traditional markets, including 53 pilot projects.
“The funds for the renovations of the traditional markets were taken from the Trade Ministry’s task assistance funds and amounted to 1.9 trillion rupiah,” then-trade minister Gita Wirjawan said while inaugurating Leuwipanjang Market in Purwakarta district last January.
In 2014, funds worth 556 billion rupiah were allocated from the state budget to revitalise traditional markets across the country.
In 2015, the government, through the ministry, would revitalise 469 traditional markets across Indonesia with about 997.5 billion rupiah in funds, noted a senior official last week.
 
Dropping numbers
“For 2015, we have a total budget [of 997.5 billion rupiah] to revitalise 469 traditional markets,” the ministry’s director-general for domestic trade Srie Agustina was quoted by Antara as saying at a 2014 year-end reflection discussion held recently.
According to a survey conducted by AC Nielsen in 2013, the number of traditional markets in Indonesia has continued to drop. The number of traditional markets dropped to 13,450 in 2009 and to 9,950 in 2011 from 12,550 in 2007.