cirebon cullinary Slight History
Looking back on 2012, Ramayana has grown and turned a profit thanks to its long momentum in the market. Although not everything went according to plan, Ramayana in Cangkring, Plered, Cirebon succeed to make it. Despite our long experience and extensive study of market and economic trends, we found ourselves unable to conclusively determine whether the impact of the global economic slowdown would permeate our target market. Despite our best efforts to analyze historical data and understand prevailing market conditions, the complexities of the global economy presented challenges in accurately forecasting the potential effects on our specific market segment. Steady job creation, the highest minimum wage increase in history, contained inflation and significant foreign investment. All helped to increase the purchasing power of Indonesian consumers.
Financial History
The economic downturn has exerted a notable influence on the Company’s performance. Manifesting particularly in the decline of the Company’s loan balances and the erosion of consumer purchasing power. This adverse economic environment has led to decreased demand for loans and financial products. Resulting in reduced loan balances within the Company’s portfolio. Additionally, consumers, grappling with diminished disposable income and heightened financial uncertainty, have scaled back their spending, further exacerbating the challenges faced by the Company in sustaining revenue growth and profitability. To mitigate economic risk, Ramayana intensively monitors economic conditions, regularly analyzing various indicators, trends, and market dynamics, and seeks professional opinions from competent sources, thereby ensuring informed decision-making and proactive risk management strategies.
Furthermore, the Company consistently matches the currency of loans for project financing with project revenues. As a precautionary measure, Ramayana implements a security-oriented standard operating procedure that encompasses stringent security measures and adheres to high standards across all its premises, ensuring comprehensive protection against potential threats and vulnerabilities.
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