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View all search resultsIn a world where travel has become the norm, travelers are continuously searching for an experience that has the ability to enrich their adventures, without dealing with any obstacles or hassles. Therefore, businesses have to evolve and innovate in order to meet the expectations of their consumers.
State-owned lender Bank Mandiri recently announced a major leadership shake-up to restructure both the Board of Commissioners (BoC) and Board of Directors (BoD). The changes come as lenders grouped in the Association of State-Owned Banks (Himbara) face mounting pressure from slowing financial performance, worsened by the banking industry's loan disbursement slowdown and increasing burdens from government-mandated programs.
Bank Mandiri projects that Indonesia’s gross domestic product growth will grow to 4.93 percent year-on-year (yoy) this year, while Bank Permata forecasts 4.78 percent. Both mark a slower pace from 5.02 percent last year.
Hence, prioritizing downstreaming and industrialization can enable Indonesia to take full advantage of its resources and boost economic growth. This strategy, however, will require substantial investment in infrastructure, technology, human resources and a supportive policy environment.
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