Saturday, September 19, 2020
Small and medium enterprises (SMEs) in Indonesia are battling with challenges ranging from an unstable internet connection and logistics disruptions to financing difficulties and weakening purchasing power as they cope with the COVID-19 crisis.A recent survey conducted by Sea Insights found that 50 percent of business owners...
Indonesia’s Industry Ministry is currently seeking to increase the role of SMEs in supplying raw materials for larger businesses, as the government intends to rely less 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...
The Indonesian government has teamed up with e-commerce platform Lazada Indonesia to advance its partnerships with digital platforms to meet its target of pushing 2 million small and medium enterprises (SMEs) to go digital this year. The Cooperatives and SME Ministry and Lazada Indonesia today launched a...
Indonesian consumers grew deeply pessimistic in May as the COVID-19 pandemic-related layoffs eroded people’s confidence in the economy. A Bank Indonesia (BI) survey showed that the consumer confidence index (IKK) has dropped to its lowest level in nearly 15 years, weighed down by negative perceptions of the...
Indonesia’s ride hailing start-up Gojek, has announced it’s intentions to help the smaller businesses in the country survive the harsh economic crisis by assisting their transformation to online. In addition, the company also wishes to help bridge the gap between these SMEs and the large global tech companies. Recently, Gojek...
A recent survey by the International Labour Organization (ILO) has revealed that the majority of small and medium enterprises (SMEs) in Indonesia had been forced to close their businesses, either temporarily or permanently, due to Covid-19. According to the survey, the SMEs need support from the government  in the...
Businesspeople are prepared to press on with the Indonesian government’s plan to gradually reopen the economy under health protocols to establish a “new normal” amid the continued rise of confirmed COVID-19 cases in Indonesia. On 20 May, Health Minister Terawan Agus Putranto signed a set of policies on the prevention...
The Indonesian Chamber of Commerce and Industry (Kadin) has pointed out that the government needs to boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic impact of the COVID-19 crisis. The group said many businesses only have enough cash flow to...
Some 37,000 small and medium enterprises (SMEs) have reported difficulties to the government, crying for help as government aid has yet to reach their bleeding operations, with some forced to close shop amid the pandemic. According to the Cooperatives and SME Ministry, most of the reports came from micro businesses,...
Indonesia’s government is currently in the process of reviewing businesses that are eligible to receive government aid as it receives reports from up to 37,000 SMEs that have been severely hit by the COVID-19 outbreak. Approximately 56 percent of the reports are related to declining sales, 22 percent is regarding...
More and more businesses today are offering cashless payments as an option for customers, utilising discounts as an effective way of attracting first-time e-wallet customers. However, as more people and businesses adopt cashless payments, discounts become a secondary motivation. A recent survey by Ipsos Indonesia shows that many e-wallet users...
It has been recently announced that Bank Central Asia (BCA), one of Indonesia’s most valued listed lenders, has partnered with Mitrausaha Indonesia Grup, the company behind digital peer-to-peer lending Modalku, to penetrate deep into the underserved SME market in the country. Under this new partnership, the BCA will disburse business...