Recently, Bank Indonesia (BI) set a new benchmark interest rate under the name BI 7-Day Reverse Repo Rate replacing the old reference rate (old BI Rate).

Recently, Bank Indonesia (BI) set a new benchmark interest rate under the name BI 7-Day Reverse Repo Rate replacing the old reference rate (old BI Rate). In response to changes in the BI Rate, the Financial Services Authority (OJK) is ready to adjust the re-formulation of the policy of the Indonesian central bank. Nelson Tampubolon, Chief Executive Officer of OJK Banking Supervisory, said that this adjustment must be done with consideration of the response given by stakeholders. OJK party itself will not directly make adjustments to the new policy issued by this BI, including the regulation of the capping of deposit interest rates. Nelson In other words, OJK will make observations first and then adjust to the new policy as issued by BI. It has to respond appropriately to this new policy, Nelson added.

Regarding the determination of BI 7-Day Reverse Repo Rate, the new policy made by BI can help reduce credit and deposit rates according to the government's suggestion. The government wants single-digit interest rates or interest rates below 10 percent. Especially now with the policy of capping deposit interest rates, the type of deposit interest rates in the banking environment has been much decreased. Muliaman D. Hadad as the Chairman of the Board of Commissioners of OJK explained that the process of adjustment made by OJK to the interest rate change is still wide open option. Regulation of capping of deposit interest rate was deliberately made by OJK as a step of supervision or supervision of action against big banks. Capping deposit rates apply only to large-scale banks only. Capping itself is preventive. Liquidity risk can also be controlled well in the hope that interest rates will not increase again.

Muliaman added, before the interest rate capping rule is applied, capping must already exist with an interest rate that is greater than the daily interest rate in the market. He also said, with or without the enactment of capping, the market will not be affected. With capping, no significant interest rate increase is expected as the highest value has been set by OJK. Thus, large banks can no longer enforce interest rates above the highest interest rates set by OJK.

BI 7-Day Reverse Repo Rate is the latest interest rate with a 7 day tenor. Previously, the old interest rate / BI Rate had a tenor of up to 12 months. This interest rate will take effect from 19th of August. BI's main goal is to introduce new interest rates to deepen the Indonesian money market while adjusting the best role of Indonesia's central bank in the eyes of the world. According to BI officials, BI Rate is considered less effective in controlling interest rates between major banks. This is due to the impact of the enactment of quantitative easing policies issued by the Federal Reserve (Central Bank of the United States).

Business opportunities in the field of technology is very promising at this time. One of them is the equipment provider for the language laboratory. Currently, many high schools need this equipment. They are aware of the importance of using technology for more effective teaching.

With more than 12,000 secondary schools all over Indonesia, this business market is very wide. This also encourages Widodo Adi, owner of CV Translab Media main to try this opportunity. With capital Rp. 2 million, he is able to expand this business.

To reduce production costs, Widodo produces products that he sells independently. Products such as computer assembly, furniture to software he created himself. He sells his product at a price between Rp. 40 million up to Rp. 500 million depending on the selected package. From this sale, he can make a profit between 20% to 30%.

Another company that is also trying this business opportunity is Arion Indonesia. The company provides a package of Rp. 5 million per unit of computer with 2 GB RAM specification and hardrive 500 GB.

Now, the company is also developing the products they sell by replacing them with tablets. In this way, production costs are lower and can increase profits. For the price, they fix prices starting from Rp. 70 million up to Rp. 300 million per package.

However, like any other business, business providers of this language laboratory equipment also have some challenges. The main challenge is marketing. It takes a good marketing strategy to be able to compete today, where already many of the same business people are popping up.

Widodo also admitted, if when he started his business in 2006 ago, the competition is not so tight because the business is still a little. However, nowadays, as more and more businesses are engaged in the same field, he tries to overcome them by maximizing online media. Arion also does the same thing using their website. Marketing also they do offline.

Other challenges of this business opportunity come from clients. Typically, schools that buy packages will not buy new packages to update their language labs any time soon. Typically, these updates are done every 5 to 10 years. This is where strong promotions are needed, so more clients are interested in using this business service.

However, the most important thing if you want to try this business opportunity is knowledge and ability in this field. You have to understand about the field of electronics and programming that is the main basis of this business. Indeed, you can use professional services for such things. But, of course, that way will cost more, especially when you first try this business opportunity.
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