Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Economy>>Chinese-Indonesians spend Rp 10 million on average for Lunar New Year
NEWS UPDATES Asean Affairs     January 30,  2017  





Chinese-Indonesians spend Rp 10 million on average for Lunar New Year

Chinese-Indonesians are allocating Rp 10.7 million (US$800) on average this year for the celebration of Lunar New Year, which falls on Saturday, a survey released on Friday by private lender United Overseas Bank (UOB) Indonesia showed.

Of the figure, more than a third was slated for traveling while 20 percent was for angpao (envelopes containing cash) for relatives and elders, the survey, which involved 500 respondents aged between 18 and 55, suggested.

The biggest chunk of angpao money, meanwhile, was set to go to parents and parents-in-law, with an average of Rp 752,256 and Rp 646,470 per angpao, respectively.

(Read also: Digging the meaning of Chinese New Year cuisine)

"The increase in Indonesian middle- and high-income groups has had a positive impact on the country with higher household spending,” said UOB Indonesia’s head of personal financial services, Lynn Ramli.

“Some 77 percent of the respondents were confident Indonesia would continue to have a strong economy this year.”

For respondents intending to travel to celebrate Chinese New Year, Southeast Asian countries are the favored destination, followed by Japan, with 41 percent and 21 percent of respondents planning a trip to the destinations, respectively.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           January 30, 2017 Subsribe Now !
• China’s modern ‘Silk Road’ plans discussed at Yangon meeting Subcribe: Asean Affairs Global Magazine
• Chinese-Indonesians spend Rp 10 million on average for Lunar New Year
• A ripe market for avocados
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Electricity tariffs, vehicle registration fees to push January inflation
• Work to expand Thilawa SEZ to begin in February
Asean Analysis                  January 19,, 2017
• Asean Analysis  January 19, 2017
Engaging Southeast Asia: Economic Recommendations for the New Administration
Advertise Your Brand

Asean Stock Watch   January 27, 2017
• Asean Stock Watch-January 27, 2017
The Biweekly Update
• The Biweekly Update  January 19, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com