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RATING 127 MULTIFINANCE 2026

Under Exchange Rate Pressure And Thuggery

Oleh Karnoto Mohamad
Sumber: Istimewa

Sumber: Istimewa

THE 2026 Eid al-Adha celebrations will be less busy than in previous years. Many sacrificial animal traders are complaining of a lack of customers. Sales of sacrificial animals are expected to decline by tens of thousands of cows and goats. This situation continues the decline seen during the Eid al-Fitr celebrations last March. The Ministry of Transportation recorded 147.5 million people returning home for Eid al-Fitr in 2026, the number is lower compared to the numbers in previous years, such as 154 million in 2025 and 242 million in 2024.

Another indicator is the prevalence of motorcycles without license plates on the roads. These are debtors of financing companies who are behind on their installments and trying to evade officers or debt collectors. Loss of income, whether due to layoffs or the bankruptcy of micro, small, and medium enterprises (MSMEs), has diminished their ability to repay their debts.

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