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Indonesian gov t encourages MSMEs to penetrate global market

The Cooperative, Small and Medium-scale Enterprises Ministry has encouraged MSMEs to improve competitiveness to penetrate the global market and increase their .

MSME digitization necessary to support Indonesia s economic recovery

MSME digitization necessary to support Indonesia s economic recovery 5 hours ago (ANTARA/Bambang Dwi Marwoto) Some 99 percent of the businesses in Indonesia are dominated by MSMEs, which absorb 97 percent of the total number of workers, but MSMEs only contribute 57 percent to the national GDP Indonesia’s 64.2 million micro, small, and medium scale enterprises (MSMEs) have contributed Rp8,573.89 trillion, or 61.07 percent, to its GDP (gross domestic product) as of March, 2021, as per data from the Cooperatives and Small Medium Enterprises (SMEs) Ministry. MSMEs absorb 97 percent of the national work force, account for 60.4 percent of the total investment, and contribute 14.37 percent to export growth, data has shown.

Minister Luhut encourages public to purchase domestic MSME products

Minister Luhut encourages public to purchase domestic MSME products 3rd April 2021 Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan at the launch of the Indonesia With MSME Campaign on Saturday (April 4, 2021). ANTARA/HO-Coordinating Ministry for Maritime Affairs and Investment Jakarta (ANTARA) - Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has encouraged the public to purchase products manufactured domestically as a mark of support to micro, small, and medium-scale enterprises (MSME). At the launch of Indonesia With MSME Campaign on Saturday, the minister noted that in 2020 alone, four million MSMEs had promoted their products through the online platform.

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