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cooperatives

Business 5 years ago

Government suspends licensing for new savings, loan cooperatives amid liquidity bind

The decision was made after customers of savings and loan cooperative KSP Indosurya Cipta sought help from lawmakers to address the organization’s failure to return a total of Rp 10 trillion (US$707.51 million) to 8,000 customers.

Business 5 years ago

'We want our money back', customers of Indosurya cooperative tell legislators

Customers of KSP Indosurya Cipta cooperative plead for help from members of the House of Representatives to get their money back

Business 6 years ago

PREMIUM
Government to develop coffee farming cooperatives, launch pilot project this year

Each of the cooperatives, which will be located in 17 provinces, will combine individual farmers’ holdings to form at least 100 hectares (ha) of managed land.

Business 6 years ago

PREMIUM
New law to protect customers from unscrupulous cooperatives

Initially set for 2016, the bill was previously listed as one of the 55 national legislation programs between 2014 and 2019. Three years later, however, the government has yet to ratify the bill.

Business 7 years ago

Tech-infused cooperatives rising to compete in digital era

Saving and lending cooperatives, locally known as simpan-pinjam, have dominated grassroot-level financing for decades in Indonesia, but they are now tussling with technology as they compete with internet-based lenders.

Opinion 8 years ago

Islamic cooperatives can help alleviate poverty

Behind the success of Islamic finance is the reality that this development is diverting from the fundamental goal of Islamic law.

Business 8 years ago

Co-ops, SMEs told to standardize products for promoting abroad

Cooperatives and businesses are advised to register their products with the Cooperatives and Small and Medium Enterprises Ministry and to achieve product standards so the ministry can help promote them abroad, a ministry official has said.

Opinion 8 years ago

How cooperatives help ensure Indonesian women don't get left behind

If women participated in the economy at the same rate as men, global gross domestic product (GDP) would increase by US$28 trillion – or 26 percent – by 2025, according to McKinsey Global Institute.

Business 8 years ago

Ministry closes 43,000 cooperatives

Cooperatives and Small and Medium Enterprises Minister Anak Agung Gede Ngurah Puspayoga has issued decrees to close 43,000 inactive cooperatives.

Business 9 years ago

Indonesian ministries collaborate to support SMEs

Cooperatives and Small and Medium Enterprises Ministry said on Thursday that it would strengthen collaboration with the State-owned Enterprises (SOEs) Ministry to help small and medium enterprises expand.

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