Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Fathan Qorib, ANT, Robert Sidauruk
Despite the recent global economic crisis, Indonesia is successful in sustaining its economy, which is evidenced by the 6.3% economic growth during 2012.
However, Indonesian Chamber of Commerce and Industry (Kadin) believes that due to banks’ high interest rates, it is difficult to continue improving the competitiveness of the Indonesian business sector.
Suryo Bambang Sulistyo, Kadin’s Chairman, cited the investigation from the Commission for the Supervision of Business Competition (KPPU), which explained that there is an indication of a cartel within the banking sector.
“The cartel within the banking sector caused the high interest rate,” said Suryo during his speech at Kadin’s National Meeting in Jakarta, Wednesday (17/04).
Previously, the Financial Services Authority (OJK) denied the allegation of a cartel within the banking industry. Muliaman Hadad, Chairman of OJK’s Board of Commissioners, asserted that Indonesian banks are still competing with each other.
“Even though banks are owned by the same owner, there is still a healthy competition,” he added.
Muliaman provided an example of the competition between the state-owned banks. He said that state-owned banks are competing to attract many customers, from big cities to small villages.
Nevertheless, Muliaman said that OJK will conduct further investigation into the cartel issue. It will be on OJK’s agenda in early 2014, when BI has transferred its authority on banking supervision to OJK.
Meanwhile, Kadin addressed the issue of economic growth in Indonesia. Suryo explained that the Government is estimating economic growth to reach 6.3% in 2013.
However, the World Bank stated that Indonesia may not reach this estimation and growth may be around 6.2%
“Businesses must pay attention to World Bank’s estimation and its impact on business development,” Suryo concluded.
(hot/jt)
Fathan Qorib, ANT, Robert Sidauruk
Despite the recent global economic crisis, Indonesia is successful in sustaining its economy, which is evidenced by the 6.3% economic growth during 2012.
However, Indonesian Chamber of Commerce and Industry (Kadin) believes that due to banks’ high interest rates, it is difficult to continue improving the competitiveness of the Indonesian business sector.
Suryo Bambang Sulistyo, Kadin’s Chairman, cited the investigation from the Commission for the Supervision of Business Competition (KPPU), which explained that there is an indication of a cartel within the banking sector.
“The cartel within the banking sector caused the high interest rate,” said Suryo during his speech at Kadin’s National Meeting in Jakarta, Wednesday (17/04).
Previously, the Financial Services Authority (OJK) denied the allegation of a cartel within the banking industry. Muliaman Hadad, Chairman of OJK’s Board of Commissioners, asserted that Indonesian banks are still competing with each other.
“Even though banks are owned by the same owner, there is still a healthy competition,” he added.
Muliaman provided an example of the competition between the state-owned banks. He said that state-owned banks are competing to attract many customers, from big cities to small villages.
Nevertheless, Muliaman said that OJK will conduct further investigation into the cartel issue. It will be on OJK’s agenda in early 2014, when BI has transferred its authority on banking supervision to OJK.
Meanwhile, Kadin addressed the issue of economic growth in Indonesia. Suryo explained that the Government is estimating economic growth to reach 6.3% in 2013.
However, the World Bank stated that Indonesia may not reach this estimation and growth may be around 6.2%
“Businesses must pay attention to World Bank’s estimation and its impact on business development,” Suryo concluded.
(hot/jt)