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bank-mandiri

Transportation to lead industry rebound while tourism trails behind: Mandiri
Business 4 years ago

PREMIUM
Transportation to lead industry rebound while tourism trails behind: Mandiri

The bank forecasts the country’s gross domestic product to grow by 4.4 percent this year, a slightly less optimistic figure than the government’s prediction of between 4.5 and 5.3 percent.
Banks expect loan disbursement to rebound this year
Business 4 years ago

PREMIUM
Banks expect loan disbursement to rebound this year

State-owned publicly listed Bank Mandiri has forecast a 5 percent growth in the national loan disbursement this year as the economy is expected to recover across many sectors.
New COVID-19 variants may jeopardize economic recovery in Indonesia
Business 4 years ago

New COVID-19 variants may jeopardize economic recovery in Indonesia

Economists are expecting a weaker economic recovery this year if the government cannot contain the spread of new COVID-19 variants.
Conventional banks to leave Aceh amid sharia finance consolidation
Business 4 years ago

PREMIUM
Conventional banks to leave Aceh amid sharia finance consolidation

Aceh's Qanun No. 11/2018 on sharia financial institutions has prompted at least five conventional banks to leave the province. Some are making their operations sharia-compliant, while others are leaving for good.
Bank Mandiri books 25% profit contraction, 20% asset expansion in Q1
Business 4 years ago

PREMIUM
Bank Mandiri books 25% profit contraction, 20% asset expansion in Q1

The country's second largest lender by assets saw its profit dip due to higher loan loss provisioning and operational costs, the latter attributed to the recent three-way merger to form Bank Syariah Indonesia that also led to a 20 percent boost in Q1 assets.
IMF lowers Indonesia’s GDP growth outlook for 2021
Business 4 years ago

PREMIUM
IMF lowers Indonesia’s GDP growth outlook for 2021

The International Monetary Fund's latest outlook for Indonesia forecasts GDP growth of 4.3 percent this year, lower than the government's targeted range of between 4.5 percent and 5.3 percent.
State-owned banks post record-low profits amid weak demand, high provisions
Business 5 years ago

PREMIUM
State-owned banks post record-low profits amid weak demand, high provisions

State-owned banks had it "bad" last year because the government had ordered them to actively restructure the loans of millions of micro, small and medium enterprises (MSMEs). 
[ANALYSIS] Biden presidency: Catching signs for deepening Indonesia-US trade ties
Business 5 years ago

PREMIUM
[ANALYSIS] Biden presidency: Catching signs for deepening Indonesia-US trade ties

Almost a week to the day since Joe Biden was inaugurated as the US president, Indonesia should take a look at the opportunities that may be coming its way under the new administration, and what it can do to run with them.
[ANALYSIS] 2021 consumer spending: Will it recover solidly?
Business 5 years ago

PREMIUM
[ANALYSIS] 2021 consumer spending: Will it recover solidly?

Consumer spending contracted in the last two quarters of 2020 by around 4.75 percent year-on-year (yoy), mostly due to large-scale social restrictions (PSBB), which started in the second quarter.
[ANALYSIS] Bond market investment prospects in 2021
Business 5 years ago

PREMIUM
[ANALYSIS] Bond market investment prospects in 2021

Since the pandemic emerged, bonds have become a preferred investment option in the domestic market.
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