Data from Indonesia’s Financial Services Authority (OJK) show that the non-performing loan (NPL) ratio in the banking sector has risen for the shophouse segment. The rising NPL ratio for shophouse ownership credit can be regarded an indicator that the Indonesian economy is indeed still experiencing a bleak period – despite accelerated macroeconomic growth in 2016 – because it is assumed that shop-owners are having difficulty fulfilling their obligations to banks as sales have weakened.To subscribe please click here