The government promised on Thursday to put more focus on the development of small- and medium-sized enterprises (SMEs) in the country, given their contribution to domestic economic growth.
Working hand-in-hand with the four state banks: Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI) and Bank Tabungan Negara (BTN), the government has made changes to its scheme for supporting small businesses.
The government is allocating 138 bln rupiah to revitalize small- and medium-sized enterprises (SMEs) in the tsunami-hit Aceh province, Kompas daily reported, citing Cooperatives, Small and Medium Enterprises Minister Suryadarma Ali.
Bank NISP, considered one of Indonesia's best-managed banks, will soon be owned by Singapore's third-largest bank, Oversea-Chinese Banking Corp (OCBC), which last week announced plans to increase its stake in NISP to gain a 51 per cent controlling
Coordinating Minister for People's Welfare Alwi Shihab said the government would optimise the use of part of the profits of state-owned firms (BUMN) to assist small-and medium-sized enterprises (SMEs) because financial institutions and banks had y
The Ministry of Finance is preparing a government regulation that will enable state-owned banks to write off bad loans owed by small-and-medium sized enterprises (SMEs) in an effort to accelerate the recovery of their businesses, a government offi
The Asian Development Bank (ADB) has set aside US$85m to finance export oriented small- and medium- sized enterprises (SMEs) in Indonesia, according to its Technical Assistance and Monitoring Units (TAMU).
Small- and medium- sized enterprises (SMEs) in regional areas are expected to get better access to bank loans with the implementation of a new credit insurance scheme launched on Monday, Governor of Bank Indonesia Burhanuddin Abdullah said.
The Islamic Development Bank (IDB) is to extend a US$30m loan to Indonesia's small and medium- sized enterprises through three national banks next year, a senior official with the international institution said.
The banking sector channelled credits totalling Rp35.9 trillion (US$3.9bn) to small- and medium-enterprises (SMEs) in the January-July period this year, Deputy Governor of the central bank (Bank Indonesia-BI) Miranda Gultom said.
