Standard Chartered: Indonesian Economy to Grow 5.2 Percent in 2018


JAKARTA, – Standard Chartered Indonesia held a press conference regarding Wealth on Wealth (WoW) financial seminar at the Hotel Mulia Senayan, Jakarta, on Tuesday (2/6), attended by CEO Rino Donosepoetro, Executive Director and Head of Wealth Management Bambang Simarno, and Chief Economist Aldian Taloputra.

“The WoW seminar marks the 14th year of the bank’s commitment to consistently share the view with the customers to guide them in investing, along with the dynamics of global financial markets that also affect the national economic situation,” said Rino.

He added that amid the electoral season which usually causes a turmoil somehow, but the strong fundamentals will push the national GDP to keep growing driven by private consumption and investment.

“We also expect the retail sector will grow. We predict the economic growth will reach 5.2 percent and even at 5.3 percent due to the promising indicators,” Rino said.

In the meantime Bambang said, “The WoW seminar is a reflection of our commitment where customers are the top priority of the bank. Through the WoW platform, we are committed to guiding the customers on their investment options based on an understanding of global, regional and national economic markets and the dynamics of changing financial priorities every year according to customers’ needs at every stage of life.”

Aldian added, “With a fairly conservative budget deficit target of 2.2 percent of GDP, we believe that the government has room to increase spending in line with improved prospects for tax revenues. It is expected that private consumption will be relatively stable this year, supported by the availability of jobs, controlled inflation, and financial stability. The private investment will also be able to increase due to the improving economic climate.”

During the WoW Seminar, Standard Chartered also introduced a new wealth management product, named Bahana Dana Ekuitas Prima (DEP), a stock mutual fund with index strategy that offers competitive value and optimum diversification.

DEP provides an aggressive investment risk profile by investing in IDX30, 30 selective shares selected from LQ45 with the criteria of high liquidity and best performance. The IDX30 showed more optimum returns than other indexes in the last five years.

To meet the customers’ needs for life insurance as well as investment, Standard Chartered Bank in partnership with Prudential Indonesia presents two latest investment funds in US Dollar called PRUlink US Dollar Global Low Volatility Equity Fund (DGLV) and PRUlink US Dollar Global Emerging Markets Equity Fund (DGEM) attached to the unit link product of VERSAlink investor account (single premium) and VERSAlink maxima account (regular premium). (TPP)