CIMB Niaga Auto Finance (CNAF) is optimistic that Ramadan will boost performance

ILLUSTRATION. Used Vehicle Financing: Used car sales in Jakarta, Tuesday (16/01/2024). CIMB Niaga Auto Finance (CNAF) is optimistic that Ramadan will boost performance.

Reporter: Ferry Saputra | Editor: Noverius Laoli

KONTAN.CO.ID – JAKARTA. Multifinance company CIMB Niaga Auto Finance (CNAF) is optimistic that the Ramadan moment will boost performance. CNAF President Director Ristiawan Suherman believes that the growth of CNAF’s new financing will also increase.

“The moment of Ramadan, almost all segments will usually experience an increase in both new and used car financing. Apart from that, this will usually be a very good momentum for the distribution of multipurpose cash financing, especially the MSME segment which needs additional capital to increase its business stock during Ramadan until the eve of Eid,” he told Kontan, Friday (1/3).

Ristiawan said that CNAF is optimistic that it is targeting growth in new financing until the end of 2024 of IDR 10 trillion. He said this value increased by 15% from the new financing target in 2023 of IDR 8.5 trillion.

Also Read: CNAF Records Financing Receivables Growth of 34% in January 2024

Meanwhile, Ristiawan explained that CNAF’s new financing distribution in January 2024 would reach IDR 878 billion. This value increased

Currency markets steady, busy week ahead for investors

By Kevin Buckland and Alun John

TOKYO/LONDON (Reuters) -The US dollar weakened slightly on Monday, at the start of an action-packed week for markets with Britain’s budget, a European Central Bank meeting, US jobs data and important political moments in both China and the US all due.

Eyes were also on Bitcoin, which rose to a more than two-year peak above $64,000 after a quiet weekend, pushed higher in recent weeks by big flows into cryptocurrency exchange-traded funds, above all in the United States.

The euro was a fraction firmer at $1.08455, sterling was up 0.13% at $1.2670 and the Japanese yen fluctuated around the closely watched 150 per dollar level. The dollar was last up 0.17% at 150.39 yen.

That left the dollar index – which measures the currency against six major peers – flat at 103.78, oscillating narrowly in the bottom half of its 103.43-104.97 range of the past month.

“It’s going to be a busy week ahead for ‘event risk’ in the US and Europe, which could certainly trigger some pick up in volatility from the current very low levels,” said Lee Hardman, senior currency analyst at MUFG.

He added there were reasons why the major events