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View all search resultsDuty-free access to the European Union market is supposed to help Indonesian micro, small and medium enterprises (MSMEs), but trade associations doubt it will be a panacea for boosting exports without tackling costs, compliance and capacity.
The country's biggest MSME lender says that small businesses recorded a major sales slump in the third quarter, primarily due to weakening consumer spending and partly due to the rollback of COVID-related government assistance, leading to a rise in the NPL ratio for the sector.
Indonesia can emulate the risk categorization of the EU’s AI Act while pondering how AI can accelerate innovation in prioritized sectors like health and trade, especially relating to micro, small and medium enterprises.
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