Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Happy Rayna Stephany, Andin Aditya Rahman
During the meeting with the House of Representatives on Wednesday (13/3), Nawir Messi, Head of the Business Competition Supervisory Commission (KPPU), stated that KPPU suspects that Indonesia’s banking sector is involved in cartels.
KPPU has been observing the banking sector since 2008 and based on the investigation, they found possible evidence of banking cartels.
Nawir explained that the suspicion is based on the banks’ high interest rates, which reach up to 5,75 percent.
He stated that high interest rates will have a negative impact on Indonesia’s economy, especially in light of the fact that Indonesia will implement the ASEAN Economic Community by 2015.
Since businesses have to increase the price of goods to pay the high interest rates, this will diminish competitiveness with other countries.
“Indonesia will only be a spectator,” said Nawir.
During the same event, Ninasapti Triaswati, economics expert at University of Indonesia, agreed that Indonesia should not have such high interest rates.
She explained that Islam is the major religion in Indonesia and the teachings of Islam prohibit the use of interest rates.
Meanwhile, Jahja Setiaatmadja, President Director of PT. Bank Centra Asia Tbk. (BCA), denied allegations that banking cartels are causing high interest rates and pointed to Indonesia’s high inflation rate.
“The inflation rate is the root of the problem,” Jahja concluded at a press event, Wednesday (13/3).
(jt)
Happy Rayna Stephany, Andin Aditya Rahman
During the meeting with the House of Representatives on Wednesday (13/3), Nawir Messi, Head of the Business Competition Supervisory Commission (KPPU), stated that KPPU suspects that Indonesia’s banking sector is involved in cartels.
KPPU has been observing the banking sector since 2008 and based on the investigation, they found possible evidence of banking cartels.
Nawir explained that the suspicion is based on the banks’ high interest rates, which reach up to 5,75 percent.
He stated that high interest rates will have a negative impact on Indonesia’s economy, especially in light of the fact that Indonesia will implement the ASEAN Economic Community by 2015.
Since businesses have to increase the price of goods to pay the high interest rates, this will diminish competitiveness with other countries.
“Indonesia will only be a spectator,” said Nawir.
During the same event, Ninasapti Triaswati, economics expert at University of Indonesia, agreed that Indonesia should not have such high interest rates.
She explained that Islam is the major religion in Indonesia and the teachings of Islam prohibit the use of interest rates.
Meanwhile, Jahja Setiaatmadja, President Director of PT. Bank Centra Asia Tbk. (BCA), denied allegations that banking cartels are causing high interest rates and pointed to Indonesia’s high inflation rate.
“The inflation rate is the root of the problem,” Jahja concluded at a press event, Wednesday (13/3).
(jt)