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View all search resultsIndonesia needs to move beyond the gross domestic product (GDP) as the tool for measuring the nation's prosperity, as the indicator fails when it comes to assessing welfare and inequality, economists have said.
Bank DBS Indonesia, a subsidiary of Singapore's DBS Bank, has announced its collaboration with PT Rintis Sejahtera, the satellite communications company that owns the ATM PRIMA Network e-payment service, in a bid to expand its business and improve its services for customers.
The Development Bank of Singapore (DBS) plans to introduce a smartphone-based mobile banking option for the Indonesian market as a way to further digitalize the banks’ operations and utilize digital innovation to its advantage.
Private lender Bank DBS Indonesia, a subsidiary of Singapore-based DBS Group Holdings, says Indonesian customers now tend to be more careful in spending, especially on secondary goods, as a result of decreasing income caused by low commodity prices.
Private lender Bank DBS Indonesia, a subsidiary of Singapore-based DBS Group Holdings, is seeking up to 38 percent growth in its consumer business revenue this year, primarily driven by the bank’s move to expand its wealth management services
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