Latest news and articles about small enterprises from NEX English
The Indonesian Ministry of Industry is enhancing the supply chain for electric vehicles by involving small and medium enterprises (SMEs). This initiative is part of the government's efforts to develop a comprehensive ecosystem for battery-powered electric vehicles.
The 'Yapamo' project from Jayapura, Indonesia, successfully transforms sago into modern food products competing internationally, thanks to support from Bank Rakyat Indonesia (BRI). This achievement highlights the bank's commitment to enhancing the competitiveness of small and medium enterprises.
PT Asuransi Kredit Indonesia (Askrindo) announced that it will reach a total of <strong>810.3 trillion rupiah</strong> in Credit Insurance by March 2026, reflecting its commitment to support the financial sector and small and medium enterprises. The program benefits over <strong>36.8 million borrowers</strong>.
Economist Naim Huda from the Center for Economic and Legal Studies stated that the annual interest rate of 6% on KUR remains suitable for supporting small and medium enterprises in Indonesia. This comes in response to President Prabowo Subianto's proposal to reduce the rate to 5%.
As concerns grow about a potential recession in the German economy, small and medium-sized enterprises (SMEs) emerge as a driving force. These businesses, representing about 99% of all companies in Germany, showcase resilience and adaptability amid current challenges.
An open letter presents a series of proposals aimed at improving economic and social policies in Gulf countries. This call comes amid increasing challenges, including falling oil prices and the impacts of the COVID-19 pandemic.
Pema Yudhistira, director of the Economic and Legal Studies Center in Indonesia, urged Merah Putih cooperatives to focus on product aggregation rather than competing with small and medium enterprises. This call aligns with government efforts to enhance the local economy and support small businesses.
Saudi Arabia announced that its non-oil GDP has reached <strong>55%</strong>, while the private sector recorded <strong>51%</strong>, reflecting the success of Vision 2030 in boosting economic growth. This achievement comes at a time when the country is witnessing a boom in small and medium-sized enterprises (SMEs) that play a pivotal role in this transformation.
The development financing system plays a crucial role in bolstering Saudi Arabia's economic growth, reflecting the Kingdom's commitment to achieving the goals of Vision 2030. This system aims to support small and medium enterprises and foster innovation across various sectors.
The Indonesian Ministry of Industry has announced a new initiative aimed at strengthening the capabilities of small and medium enterprises in the handicrafts and fashion sectors. This initiative responds to rapid changes in the global market.
Bank Rakyat Indonesia (BRI) has reported continuous growth in its commercial loans since 2021, with projections indicating that the loan value will reach <strong>61.4 trillion rupiah</strong> by 2025. This growth aligns with the bank's strategies to enhance business operations and support the national economy.
The Central Bank of Egypt announced its new financial inclusion strategy for 2026-2030, set to be launched mid-year. The strategy aims to enhance financial inclusion and support small and medium-sized enterprises.
Recent reports indicate that the total funding provided to small and medium enterprises (SMEs) in Saudi Arabia has surpassed <strong>420 billion riyals</strong>. This funding reflects the government's commitment to supporting this vital sector.
The Ministry of Municipalities and Housing has announced a new penalties schedule aimed at enhancing oversight of commercial and service activities. The amendments allow for a graduated approach to penalties, encouraging small and medium enterprises to comply with regulatory requirements.
Indonesian parliament member Hendri Munief has called for strengthening the role of women, especially Muslim female entrepreneurs, in developing the small and medium enterprises (SMEs) sector. This initiative is part of the government's efforts to boost national economic growth.
A recent study reveals that access to financing boosts the income of small and medium enterprises (SMEs) in Indonesia by up to <strong>63%</strong>. This increase presents a significant opportunity to improve the economic situation for over <strong>2.3 million</strong> projects in the country.
In a bid to boost digitalization in the small and medium enterprises (SMEs) sector, development expert Hardjon Wiyohou has proposed a new government law. This suggestion comes amid the challenges faced by these businesses in Indonesia, which represent over 97% of the national workforce.
The Vice Chair of the Indonesian Parliament's Economic Committee, Chusnunniah Chalime, has expressed support for Finance Minister Sri Mulyani's proposal to acquire PT Permodalan Nasional Madani (PNM) to enhance funding for small and medium enterprises. This initiative responds to citizens' demands for better access to financing.
Egypt aims to enhance economic growth by supporting small and medium enterprises, which are considered a key driver of the economy. This initiative is part of a comprehensive vision aimed at achieving sustainable development.
BPJS Ketenagakerjaan in Indonesia has announced its initiative to extend social protection to workers in the digital economy and small to medium enterprises. This announcement was made during a meeting with the Indonesian Parliament's Labor Committee, highlighting the need for better coverage for vulnerable workers.
The Indonesian Cabinet Secretary, <strong>Teddy Indra Wijaya</strong>, met with the President of the Indonesian Young Entrepreneurs Association, <strong>Akbar Himawan Buchari</strong>, to discuss the challenges and opportunities facing the small and medium enterprises sector in Indonesia.
Bank Syariah Indonesia (BSI) announced it has secured financing worth <strong>1.65 trillion Indonesian Rupiah</strong> by February 2026, reflecting its commitment to support the small and medium enterprises (SMEs) sector in the country.
The Deputy Minister of Small and Medium Enterprises in Indonesia, Helvi Mora, emphasized that enhancing entrepreneurship is a vital strategy to address the demographic bonus peak expected in 2030. This statement was made during her participation in a dialogue on intergenerational welfare held in Jakarta.
A local market was held in the Moun's area of Jakarta, Indonesia, sponsored by the government to support citizens' purchasing power and increase sales for small and medium enterprises. The event saw wide participation from business owners who expressed gratitude for this initiative.
The Cabinet has announced a series of new decisions aimed at boosting the national economy and improving citizens' living standards. These decisions include measures related to investment and infrastructure.
Political analyst Hendri Satrio urged the Indonesian government to continue organizing programs like 'Bazaar Rakyat' to support vulnerable and middle-class groups during an event held at Monas. He emphasized that these initiatives can alleviate economic burdens on citizens.
The government of West Sumatra has announced a decision to prohibit foreign stores from entering the region, aiming to protect and promote small and medium enterprises (SMEs). This decision is part of the government's efforts to support the local economy and stimulate the growth of small businesses.
The Cuba Raya Culinary Festival in Indonesia highlighted local small and medium enterprises alongside neighboring countries, showcasing the region's tourism and creative economy potential. This event attracted significant visitor participation and engagement.
The Indonesian Ministry of Small and Medium Enterprises is seeking to open new markets in China to boost its exports. This initiative was announced during Minister Maman Abdurrahman's visit to Beijing for a trade and investment cooperation forum.
The Indonesian Institute of Economic and Finance Development announced the launch of the 'Jantinggisasi' program by President Prabowo, aimed at enhancing economic growth by supporting small and medium enterprises in impoverished regions. The program focuses on replacing unhealthy roofing with clay roofs to improve living standards.