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Jakarta Great Sale Festival to rack up USD1b this year

The Jakarta Great Sale Festival (JGS), an annual event organised by the Indonesia Shopping Center Association and the Jakarta municipality, is expected to rack up IDR10 trillion (USD1 billion) in sales this year, up 22 percent from last year’s IDR8.2 trillion.

This year, 73 malls and shopping centres will take part in the festival to celebrate Jakarta’s 485th anniversary, offering discounts of up to 70 percent. That represents a 7 percent increase from the 68 that took part in 2011.

The time period has also been extended from the typical one month in previous years. This year’s JGS will be held from 1 June to 14 July. In previous years it was only held in the month leading up to 22 June, when Jakarta celebrates its anniversary.

(Source: Jakarta Globe )