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micro-small-medium-enterprises

Business 5 years ago

Government mulls new social assistance for cash-strapped small businesses

Small and medium enterprises (SMEs), which contribute to more than half of the country’s gross domestic product (GDP), have been greatly affected by the pandemic.

Business 5 years ago

Government guarantees $6.9b in working capital loans for MSMEs

The government has paid Rp 5 trillion worth of credit insurance premium to provide guarantees for banks that channel loans to MSMEs until November 2021.

Business 5 years ago

Unstable internet, shipment issues: SMEs face uphill battle digitizing business to survive

With households holding back on spending and opting to save money, demand for SME products has declined.

Business 5 years ago

State banks to disburse $6.32b in loans to help businesses recover from COVID-19 hit

“We will prioritize the disbursement to the micro, small and medium enterprises [MSMEs] segment in several sectors like food and distribution, tourism, transportation, housing and construction,” Himbara chairman Sunarso said.

Business 5 years ago

Government unveils new rule to guarantee loans for MSMEs as risk aversion rises

The government has allocated Rp 12 trillion (US$839.07 million) to guarantee working capital loans, which consists of Rp 10 trillion for guarantee services and another Rp 2 trillion in reserves.

Editorial 5 years ago

Bailing out 60 million firms

Our concern is how the government ensures that it will not be trapped into subsidizing unproductive firms and that taxpayer money will reach the targeted beneficiaries all across the country.

Business 5 years ago

Government places $2.12b in state-owned banks to accelerate economic recovery

The funds will be kept in deposit accounts with interest rates of 80 percent of the central bank’s benchmark interest rate of 4.25 percent.

Science & Tech 5 years ago

Instagram rolls out new features to aid food businesses amid pandemic

As the COVID-19 pandemic drags on, Instagram has rolled out new features that aim to support micro, small and medium enterprises (UMKM) impacted by the virus.