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View all search resultsIndonesia faces serious challenges in overcoming unemployment, especially among vocational graduates. On the other hand, micro, small and medium enterprises (MSMEs), which are the backbone of the economy, also need an injection of skilled labor to improve their competitiveness. There are unresolved gaps in the unemployment issue, especially when many businesses need skilled labor.
President Prabowo Subianto has issued a new Government Regulation (PP) to forgive loans from state-owned banks for individuals and micro, small and medium enterprises (MSMEs) in sectors like farming, fisheries and plantations, as in select industries including clothing, food and the creative economy. The new regulation is expected to boost business growth for debtors in these sectors and industries, and also presents a potential political advantage for the current administration, at minimal cost.
The Investment Ministry/Investment Coordinating Board (BKPM) has urged the Banten provincial government to maintain a conducive and healthy investment climate, ensuring investors feel comfortable and do not withdraw. This follows complaints from investors about frequent requests for donations or other contributions from certain groups.
A top adviser to President Prabowo Subianto says the government will issue a presidential regulation to cancel the debts of some 6 million borrowers to allow them to obtain loans from banks instead of loan sharks or peer-to-peer lending platforms.
Micro, small and medium enterprises (MSMEs) have been in the limelight throughout the 10 years of President Joko “Jokowi” Widodo’s administration, with the Directorate General of Taxation of the Ministry of Finance taking concrete steps to reinforce their venture performance.
PT Permodalan Nasional Madani (PNM), through its Tarakan branch, continues to demonstrate its commitment to empowering micro, small and medium enterprises (MSMEs), particularly in the country's border areas. This time, Nunukan regency, Sebatik district, which shares a border with Malaysia, has become PNM's focus for providing financial training to local residents.
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