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APKRINDO General Chairperson Ferry Setiawan said that even though the VAT increase was only 1 percent, it would have a big impact. The 12% VAT increase is also said to make entrepreneurs think again about investing or expanding. The reason is, people's purchasing power has not really returned. For more, watch the dialogue between Safrina Nasution and PHRI Restaurant Division Chairperson Emil Arifin and APKRINDO General Chairperson Ferry Setiawan on the CNBC Indonesia Closing Bell Program, Monday (12/23/2024). Continue to follow business economic news and in-depth analysis only at https://www.cnbcindonesia.com/. CNBC Indonesia is affiliated with CNBC International and operates under the Transmedia group and is part of Trans TV, Trans7, Detikcom, Transvision, CNN Indonesia and CNN Indonesia.com. CNBC Indonesia can be enjoyed through Transvision channel 805 or streaming via the CNBC Indonesia application which can be downloaded on the Playstore or iOS. Follow us on social: Twitter: / cnbcindonesia Facebook Page: / cnbcindonesia Instagram: / cnbcindonesia / cuap_cuan Tiktok: https://bit.ly/38bytjx Spotify: https://spoti.fi/2BR7KkT