(Jakarta News) General Chairman of Indonesian Chinese Entrepreneur Association Zhang Jinxiong, Vice Presidents Xue Tianzeng and Lien Jiehao, Legal Advisor Weng Lu, Xue Jingyong, Lin Songshi, Ji Guozhang, Zhang Jinquan, Yang Xinsheng, Yang Sensheng and other directors, February 22, 2024 (Thursday) ) Welcoming Kasikorn Bank-Thai’s First Senior Vice President Zhang Muiying, Kasikorn Bank-Thai’s Deputy General Manager of Business Development and Partner Management Jasper Ng Ye Lun, and Bank Maspion’s President and Director at the club at 2 p.m. Kasemsri Charoensiddhi, Shiny Tjahjarijadi, General Manager of Financing Department of Golden Front Bank, Kevin Indra, Corporate Relationship Manager (Loan) of Golden Front Bank and others visited. Representatives from both sides had cordial exchanges and further discussed related cooperation matters.
Zhang Jinxiong, General Chairman of Indonesian Chinese Entrepreneur Association, said that in 2023, when the global economy continues to decline, Indonesia's total GDP will reach 20,892.4 trillion rupiah, approximately 1.36 trillion U.S. dollars, with a growth rate of 5.05%. It has maintained a rapid growth rate of more than 5% for more than ten consecutive years. growing up. At the same time, the Indonesian government actively promotes reforms, optimizes the investment environment, continuously improves and enhances service capabilities, and provides one-stop services for domestic and foreign investors, which has greatly improved Indonesia’s international business environment and attracted more investment to Indonesia. When a delegation from Kasikornbank & Golden Edge Bank visited, Indonesia's middle class also grew rapidly by millions each year. According to a World Bank report, from 2002 to 2016, Indonesia's middle class grew by 10% annually. According to the classification standard of Indonesia's middle class, that is, each person's monthly expenditure is between Rp 1.2 million and Rp 6 million. Currently, one in every five Indonesians belongs to the middle class.
The total consumption of the middle class is now close to half of the country's total household consumption. It is the driving force of Indonesia's economic growth and the promoter of the digital economy and consumerism.
In recent years, the Indonesian government has been promoting the development of digitalization and financial technology to promote the popularization of financial services and improve the efficiency of the financial system. We believe that this will create a more favorable market environment for banking business. The widespread application of digital technology will also bring more development opportunities, enhance customer experience, and improve service efficiency.
Today, we are very happy that the leaders of Kasikornbank and Jinfeng Bank can come to our Indonesian Chinese Chamber of Commerce for a visit and exchange. Kasikornbank has a long history in Thailand, rich experience and international vision. We are also looking forward to the two banks. Related businesses can be carried out smoothly in Indonesia, jointly promote cooperation between Indonesia and Thailand in the financial field, and provide more diversified and better financial services to enterprises and individuals on both sides. Finally, in this New Year of the Year of the Dragon, I also wish all my friends a happy new year. I wish you all a prosperous New Year, a prosperous career, and all the best.
Kasikornbank's First Senior Vice President Teo Moe Young pointed out that Kasikornbank is Thailand's leading commercial bank with a business network covering Thailand, China and the ASEAN region. It is also a leader in sustainable development and a promoter of investment in environmentally friendly enterprises. Kasikornbank has long been committed to providing comprehensive services to customers in the ASEAN region and has experience in systematically supporting the success of local enterprises.
Kasemsri Charoensiddhi, President and Director of Golden Front Bank, briefly introduced the cooperation with Kasikornbank. We hope that through this visit to Indonesian Chinese Entrepreneur Association, we can further strengthen cooperation between the two parties in the financial field in the future. We also hope to receive support from Indonesian enterprises. We will also provide a speech for the development of the Indonesian Chinese business community. After the exchange, both parties exchanged souvenirs and took photos.
