Mandiri Boss Worried About People's Purchasing Power Implemented By Badminton

President Director of PT Bank Mandiri (Persero) Tbk Darmawan Junaidi. (Photo: Special)

JAKARTA - President Director of PT Bank Mandiri (Persero) Tbk, Darmawan Junaidi highlighted the storm of layoffs (PHK) in a number of companies.

He admitted that he was worried that the storm of layoffs would further erode people's purchasing power.

Moreover, continued Darmawan, this layoff phenomenon occurs and has an impact on the domestic manufacturing sector.

"We are also worried about the risk of a large growth in purchasing power reduction and this may be due to a lot of layoffs in various businesses," he said in an RDP with Commission VI in Jakarta, Wednesday, November 13.

Darmawan also warned of the dangers of weakening Indonesia's manufacturing Purchasing Managers Index (PMI). He said PMI Manufactue has continued to decline in the last four months.

For your information, Indonesian manufacturing PMI has indeed contracted in the last four months. The details, in July amounted to 49.3, August 48.9, September 49.2, and October 49.2.

"In terms of manufacturing PMI, this is still in the range that is at risk for growth supporters because for four consecutive months it continues to be negative," he said.

Therefore, Darmawan said the potential for a decrease in purchasing power should be a concern.

He said, one way to increase it is to provide stimulus to MSME entrepreneurs so that they can develop their business.

"Maybe this should be a concern for all of us as long as the people in the lower class who we will continue to maintain their growth by supporting how MSME actors can continue to develop their business," he said.