The Industry Ministry is seeking to increase the role of small and medium enterprises (SME) in supplying raw materials for big businesses, as the government wants to reduce reliance on imported goods. A program that runs from July 1-15 aims to prepare selected SMEs by helping them with brand registration, packaging as well as with […]
Read MoreThe Trade Ministry is trying to spur exports by small and medium enterprises (SME) by connecting them with potential buyers abroad through virtual business matching events. In a virtual meet-up in mid-May, West Nusa Tenggara-based brown sugar producer Gula Merah Lombok secured a purchase agreement worth Rp 529.8 million (US$37,000) with Bakso Rawit Ani Pty. […]
Read MoreThe government has unveiled a new rule to guarantee working capital loans for micro, small and medium enterprises (MSMEs) in a bid to boost credit disbursement from banks, as risk aversion increases amid the COVID-19 pandemic. Finance Ministry Regulation (PMK) No. 71/2020 published on Monday stipulates that the government will assign state-owned credit insurer Jaminan […]
Read MoreGlobal beverage giant Coca Cola and Coca Cola Amatil Indonesia (CCAI) have launched a campaign alongside strategic business consultant Qasa and the University of Indonesia to provide online training for warung (food stall) and small retail shops that have been hit hard by the COVID-19 pandemic. Coca Cola Indonesia spokesperson Trijono Prijosoesilo said on Monday the program, […]
Read MoreThailand and Indonesia have vowed to tighten bilateral trade cooperation to rehabilitate both economies following the Covid-19 pandemic. Sansern Samalapa, vice-minister of commerce, recently met Ahmad Rusdi, the newly appointed ambassador of Indonesia to Thailand, with both parties agreeing to stress bilateral cooperation to help reboot the virus-hit economies of the two countries. Thailand has […]
Read MoreIndonesia is still among the preferred Southeast Asian markets for investment amid the country’s continuous fight against COVID-19, backed by strong household spending and a young working population, Singapore’s largest bank, DBS, has stated. In a report titled “CIO Insights 3Q20” released on Monday, DBS noted that the country would quickly return to normalcy after […]
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