Jakarta, July 13 -- Chair of Commission XI of the House of Representatives (DPR), Mukhamad Misbakhun, has called on the government to increase the disbursement of loans to support business growth in Indonesia.
In a statement released here on Sunday, Misbakhun underlined that the step is necessary as banking credit growth remained at a single-digit level during the first quarter of 2025.
Based on the latest data, banking credit in May 2025 continued its slowing trend, with growth recorded at 8.43 percent year-on-year (YoY), down from 8.8 percent in April and 9.16 percent in March-the lowest growth since mid-2023.
"The decline was mainly caused by the weakening of the community's purchasing power and the shrinking middle class in Indones...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.