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26 October 2016
2017 ECONOMIC OUTLOOK REMAINS FULL OF POTENTIAL AND GIVES CAUSE FOR OPTIMISM
Palembang, 26 October 2016 – PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and the daily newspaper Bisnis Indonesia once again host the Entrepreneur Networking Forum. The discussion, under the theme of 2017 Economic Outlook: Potential and Optimism, featured as speakers Hendri Saparini, Economist from Core Indonesia and Ongki W. Dana, Deputy President Director of BTPN. The event was moderated by Ahmad Djauhar, Vice Chief Editor at Bisnis Indonesia Daily.
In her presentation, Hendri Saparini said that the economy in 2017 is expected to be in better shape than it is this year. Global economic growth of 3.4% is predicted, up from this year’s figure of 3.1%. This will be driven by stronger growth of the Unites States economy in line with the improvement on the employment situation and rising incomes in the country.
Despite undergoing a rebalancing process, the Chinese economy will also see controlled growth at the level targeted by the government. “The economies of developing countries that have endured a recession this year, such as Brazil and Russia, are also projected to start showing positive growth, shored up by expected improvements in global commodity prices next year,” added Hendri.
Nevertheless, Hendri cautioned, we should remain vigilant to potential risks, especially in the financial sector, such as the impact of the US Federal Reserve's monetary easing and the continuing weakness of the EU economy.
Meanwhile, the domestic economy next year is expected to experience marginal growth. Domestic consumption will remain fairly solid, while investment activity, both public and private, will also improve. According to Hendri, domestic economic conditions will be boosted by the government's fiscal policy which is expected to be more effective than it has been over the last two years.
In addition, Bank Indonesia is expected to continue its accommodative policies, in both a monetary and macro-prudential sense, as a way of spurring on economic growth. "Export activity next year will be stronger than this year, in line with the trend of rising global commodity prices and increasingly solid economic growth in export destination countries," Hendri explained.
In response to Hendri’s assessments, Deputy President Director of BTPN Ongki W. Dana said that as a bank with a vision of changing the lives of millions of people in Indonesia, BTPN is committed to become a partner in fostering the businesses of its customers while also taking advantage of any existing economic opportunities. Ongki pointed out that one way in which this commitment had been demonstrated was through the launch of BTPN Mitra Bisnis, a business unit designed specifically to cater for the various needs of small and medium enterprises (SMEs) by means of reliable financial solutions, opening of greater access to markets, and capacity development for customers.
“BTPN Mitra Bisnis is committed to addressing the numerous things that our customers need in order to develop their businesses. In addition to getting reliable financial solutions, in conjunction with BTPN Mitra Bisnis customers enjoy the opportunity of more extensive market access, and the chance to develop their capacities in doing business,” enthused Ongki.
As a sign of its genuine commitment to become the best partner for its customers, BTPN Mitra Bisnis offers a wide range of services, including an Overdraft Facility, Demand Loans, Term Loans as well as Supply Chain Financing.
Ongki expressed his hope that, with services that can be tailored to the needs of individual customers, BTPN Mitra Bisnis will be a partner that helps to ensure the development and success of SMEs.
For further information please contact:
PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]
PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive, pre-prosperous communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a business unit serving micro businesses, BTPN SME—a business serving small- and medium-sized enterprises, Jenius—a digital banking platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving customers from the mass market. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.