Bank Mandiri Expands to Malaysia
Bank Mandiri is setting up a full branch office in Malaysia to be operational by the end of 2017. Bank Mandiri Berhad has been granted a license as a Qualified ASEAN Bank (QAB) from Malaysian regulators. The bank has already been In Malaysia since 2009, but only through its Mandiri International Remittance (MIR) arm to service Indonesian migrant workers there.
In contrast with his usually modest demeanor, President Joko Widodo touted the success of his administration in building infrastructure projects. While officially launching the Mandalika Special Economic Zone for Tourism in Central Lombok, West Nusa Tenggara, on October 20, he said that the project was able to go forward thanks to a breakthrough of his doing. "Mandalika has been incomplete for 29 years due to the matter of securing the needed land," said Jokowi.