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View all search resultsIn a meeting with House Commission V on Tuesday, representatives of two property developers associations put forth an idea to offer a rent-to-own scheme to ease access to home financing for informal workers who might otherwise fall through the cracks of creditworthiness criteria and bank scoring models.
Before the world felt the blow from US tariffs, there were an estimated 80,000 layoffs in Indonesia last year, according to official data from the Manpower Ministry. The ministry also estimated another 18,610 workers were laid off during the first two months of this year
Before the COVID-19 pandemic, Indonesia progressed positively by driving down workers in the informal sector from 65 percent in 2007 to 56 percent in 2019. The tide has turned because of the pandemic, and as a result, the number of informal workers jumped to almost 80 million workers, or 59 percent of total employment in 2023.
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