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View all search resultsMicro, small and medium enterprises (MSMEs) hold a vital role in the national economy, becoming a backbone of economic stability, and have proven to be resilient in the face of crises such as the COVID-19 pandemic. MSMEs dominate economic growth by contributing around 60.5 percent of gross domestic product and absorbing 96.9 percent of the total workforce. Therefore, the government continues to encourage the MSME sector through various policies and programs that are expected to advance the sector so that it can participate in the global value chain.
President Joko “Jokowi” Widodo has urged business leaders to capitalize on the dynamics of the still-recovering world economy to penetrate the global market more aggressively by marketing outstanding Indonesian products, as conveyed in his keynote speech to open the Trade Expo Indonesia (TEI) 2024 on Oct. 9 at the Indonesia Convention Exhibition (ICE) in BSD City, Tangerang, Banten.
Asian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the United States with the only question mark being the size of the cut, with markets split on the chance of an outsized move.
Asian markets stuttered Tuesday as investors steel themselves for a high-stakes US jobs report at the end of the week while keeping tabs on China after fresh data stoked renewed worries over the world's number two economy.
Asian stocks rose Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made "progress" and the job market was cooling.
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