2. PERFORMANCE OF DETERGENT INDUSTRY OBSTRUCTED?

From: Indonesian Commercial Newsletter | Date: December 7, 1998 | Copyright information

The sharp depreciation of the rupiah has resulted in a decline in the performance of those industries which rely on imported basic materials, including the detergent industry. Since the outbreak of the monetary crisis in mid-1997, detergent prices on the domestic market have soared by over 200%, resulting in a decline in domestic demand. In view of this, the domestic production of detergents can be expected to drop sharply in 1998, more so because the detergent industry's penetrati...

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