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Police - KPK conflict not affecting financial sector
The conflict between the National Police and the Corruption Eradication Commission (KPK) has not disrupted the countryâs financial and investment sector, according to BNI Securities
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he conflict between the National Police and the Corruption Eradication Commission (KPK) has not disrupted the country's financial and investment sector, according to BNI Securities.
'The investment environment and transactions in the financial sector are running smoothly and normally. The investors are not worried about making transactions in the country; the situation remains stable,' BNI Securities president director Ananta Wiyogo said in Manado, North Sulawesi, on Tuesday as quoted by Antara news agency.
He predicted that eight sectors would record good performances throughout this year, including telecommunications, infrastructure, pharmacy, crude palm oil (CPO) and transportation.
He cautioned, however, that the banking sector was unlikely to grow this year in light of strict regulations from the Financial Services Authority (OJK).
'The growth of the banking sector such as the loan to deposit ratio has been set by the regulator, so we will not see a lot of gains in this sector because it is not an attractive long-term investment,' he explained. (nfo)(+++)
