Friday, July 10, 2020
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...
Indonesia’s Bank BRI will offer two trillion rupiah (US$143.8 million) of working capital loans through the peer-to-peer lending platform Investree. A large portion of this among will be dedicated to assisting entrepreneurs in the creative sector. The loans will be offered via invoice financing, where the borrower's accounts receivable form...
The Indonesian government is encouraging SMEs to offer their shares to the public through the Indonesia Stock Exchange (IDX). The Financial Services Authority (OJK) executive head of stock exchange supervision, Hoesen, said that 11 SMEs were now in the pipeline for initial public offerings (IPOs) to raise about Rp 631...
Chief economist of state lender Bank Mandiri Andry Asmoro has estimated the national economy to grow by 5.14 percent in 2020, spurred by consumption and investment. "We expect the Indonesian economy to grow by 5.14 percent in 2020 supported by maintained household consumption growth and improved gross fixed capital...
Bintan island is a small but strategically placed island that is owned by Indonesia. Located just a short 45km south-east of Singapore and the Malaysian state of Johor, Bintan is a highly sought after destination for holidaymakers as well as being one of key investment destinations for Malaysian investors. The...

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