Indonesia’s domestic sales of motorcycle, which is indicator of the private consumption at Southeast Asia’s biggest economy, recently fell about 12.8 % year-for-year in the month of March, say our sources. The sales for March were about 619,678 motorbikes, says AISI or Indonesian Motor cycle Industry Association. In 1st 3 months, the sales were about 1,931,677 motorbikes, or about 2.7% below 1,985,800 from one year earlier.
The sales in March were led by the manufacturers from Japan like Yamaha, Honda, & Suzuki, according to the data showed.
Parliament of Indonesia on March 31st gave authority to government to raise the subsidised prices of fuel if the bench mark Indonesian crude rise of price is 15 percent above the targetted level of about $105 for a single barrel.
Central bank set minimal down payments for the [...]