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Why banking sector's role remains small

Jakarta | Mon, January 8, 2018 | 10:31 am
Why banking sector's role remains small The tradable sectors — agriculture, mining, and manufacturing industry — contributed about 40 percent of gross domestic product. This sector also employs about 45 percent of Indonesian labor, mostly of low educational background. (Shutterstock/-)

PREMIUM The World Economic Forum’s 2017-2018 Global Competitiveness report places Indonesia in 36th place, up from 41st last year. However, Indonesia’s position is still lower than its peers, particularly when compared to Thailand ( 32 ), Malaysia ( 23 ) and Singapore (3). The report methodology considers basic requirements, efficiency enhancers and innovation and sophistication factors. Th...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.