Jamkrida Kaltim Backs OJK's Minimum Guarantee Fee Proposal

Healthy Competition Expected

PT Jamkrida Kaltim has expressed support for the Financial Services Authority (OJK)'s plan to introduce a minimum tariff for Guarantee Service Fees (IJP). The company believes this regulatory measure will foster a healthier competitive environment in the guarantee business. According to Agus Wahyudin, CEO of Jamkrida Kaltim, setting a floor price for IJP won't be problematic as it allows companies to charge higher rates if needed.

Rationale Behind OJK's Decision

The OJK is planning to establish a minimum IJP tariff to maintain a healthy and competitive guarantee business climate. By doing so, the regulator aims to prevent unhealthy competition that could arise from significantly low pricing. This move is expected to create a more stable market environment for guarantee companies in Indonesia.

Impact on the Guarantee Industry

The introduction of a minimum IJP tariff is likely to have a positive impact on the guarantee industry. It will ensure that companies operate on a level playing field, with a focus on service quality rather than price alone. This regulatory measure is expected to enhance the overall professionalism and credibility of the guarantee services sector in Indonesia.