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...
Indonesia today revealed the site for its new US$33-billion capital on the island of Borneo to replace the crowded, polluted megacity of Jakarta, which is slowly sinking into the sea. President Joko Widodo told a news conference in Jakarta, the new capital will straddle the regions of North Penajam...
In an effort to cut down it’s reliance on foreign funding, Indonesia is looking to an alternative new growing source of funding from within, digitally and tech savvy millennials.
The latest two-year bond, dubbed by the media as “James Bond” due to the 007 series number, was one of the...
SoftBank to Invest US$2 billion through Grab to Grow Indonesia’s Digital Infrastructure
Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a...
Technology is giving smaller companies in Indonesia ‘virtual scale’ needed to compete
Ninety-eight percent of small and medium-sized businesses doing cross-border trade in Indonesia are focusing on global growth and expect export revenues to grow over the next few years, according to research by online freight service Shipa Freight.
Shipa Freight’s global...
