Bank International Indonesia (BII) will disburse loans totalling Rp100 billion (US$11.8 million) to bolster activities in the real sector and small- and medium-sized enterprises (SMEs) in Central Java province, according to a local official.
The Indonesian government and the International Finance Corporation (IFC) here on Tuesday (2 September) officially launched a US$19 million programme to help small- and medium-sized enterprises (SMEs) in the eastern part of Indonesia.
Credit insurance company PT Asuransi Kredit Indonesia (Askrindo) has agreed to cooperate with Korea Technology Credit Guarantee Fund (Kotec) from South Korea to guarantee export credits for Indonesian traders importing goods from that country.
With the continued strengthening of the euro against the dollar, several export-driven companies are seriously considering switching to the euro. The national oil and gas company Pertamina is one such company.
Indonesian small- and medium-sized enterprises (SMEs) have called on the government to provide help in promoting their products overseas to boost their exports.
The Asian Development Bank (ADB) agreed to extend US$85m in export credits to Indonesian small- and medium-size enterprises (SMEs) on 17 December last year.
The Indonesian banking sector channelled some 30.7 trillion rupiah (US$3.3bn) in fresh loans to small- and medium-sized enterprises (SMEs) last year, exceeding the initial target of 30 trillion rupiah.
Member states of the Association of South East Asian Nations (ASEAN) decided to accelerate the liberalization of their investment regimes by broadening the scope of economic activities in which ASEAN investors would be given national treatment.
The Asian Development Bank on Wednesday approved a loan of US$85 million to a small and medium-sized enterprise (SME) export development project of Indonesia, which will promote growth and job creation in the country.
After 14 months of prolonged trials, the Governor of Bank Indonesia, Sjahril Sabirin, was finally sentenced to three years in jail on Wednesday for his involvement in the disbursement of Rp 904 billion (US$90.4 million) of Indonesian Bank Restruct
