The government has allocated a budget of US$6.7 billion (IDR95.13 trillion) for the MSME sector through the National Economic Recovery (“PEN”) program this year. Coordinating Minister for Economic Affairs, Airlangga Hartarto, said the current realisation is 64.8%, reaching 32.72
The government has increased the budget for the People’s Business Credit (KUR) program this year from US$17.5 billion (IDR 253 trillion) to US$20 billion (IDR 285 trillion). Coordinating Minister for Economic Affairs, Airlangga Hartarto, mentioned that the decision was part
The Central Statistics Agency (BPS) saw that farmers’ livelihood improved in August, amid the loosening of lock down measures, or PPKM, in various regions of Indonesia. The agriculture sector grew by 1.6% from the previous month. President Joko Widodo encouraged
President Joko Widodo urged the administration to continue supporting the growth of the agricultural sector, among others, by facilitating the distribution of micro loans (“KUR”). The allocation of KUR for the agricultural sector this year reached US$ 4.88 billion (IDR
Bank BRI launches Ceria, a consumer lending product with easy application and processing that can be used for purchases on e-commerce and travel sites. This is the bank’s effort to be competitive with the value proposition of ‘fast application and
As part of Covid-19 response, the Indonesian government has launched a number of nationwide recovery (PEN) programs, and Bank Mandiri is one of the state-owned banks to be one of the channeling partners. As part of the PEN programs, the
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