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View all search resultsThe government aims to boost bank lending to micro, small and medium enterprises (MSMEs) by raising the credit target from Rp 1.5 quadrillion (US$84.6 billion) to Rp 2 quadrillion in 2027, but doubts remain over whether the move will effectively address structural issues that have hindered lending to the sector.
Investors continue to face overlapping procedures involving multiple ministries and regional governments, which create uncertainty over land rights, permits and environmental approvals, according to the Indonesian Industrial Estate Association (HKI).
The government also set holiday bonuses for ride-hailing drivers with app-based companies agreed to provide a total of Rp 220 billion this year, double the Rp 110 billion distributed last year.
The government plans to enter an agreement with Malaysia and Singapore to develop a cross-border data center that will also serve as a buyer of clean power from Indonesia, according to Coordinating Economy Minister Airlangga Hartanto.
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