Indonesia

Indonesia's central bank raised interest rates sharply and the president promised

Speaking yesterday at a workshop on small- and medium-sized enterprise banking, Bank Indonesia (BI) deputy governor for banking Siti C. Fadjrijah said many SMEs were eligible for loans to

The Office of State Minister of State Enterprises has indicated massive amounts of bad loans channelled last year by state banks to small- and medium-sized enterprises (SMEs) under the business partnership programme.

The Swiss government signed a Memorandum of Understanding (MoU) with its Indonesian counterpart to facilitate access to credit for small- and medium-sized enterprises (SMEs) in the country.

HSBC Indonesia plans to increase its loans to small- and medium-sized enterprises (SMEs) to as much as Rp 450 billion (some US$49m) this year.

Bank Indonesia said the banking system is committed to providing this year new loans of 60.4 trillion rupiah to small- and medium-sized enterprises (SMEs) and micro enterprises.

PT Bank Danamon Indonesia will disburse Rp15 trillion (US$1.66m) in new credits this year or a 52 per cent increase from last year.

The government is set to kick off the Year of the Micro Business and will allocate Rp 50 trillion (US$5.4bn) to empower micro, small- and medium-sized enterprises (SMEs) nationwide, a minister says.

In an effort to help develop and empower small-to medium-sized enterprises (SMEs), a Jakarta unit of an agency designed to promote SMEs access to financing was launched on Thursday.

Bank Rakyat Indonesia (BRI) is hoping to extend Rp 15 trillion (US$1.64bn) in new loans this year, a 25 per cent increase from Rp 12 trillion in new loans extended in 2004.