Economy

As a form of support for MSMEs, the government provides People’s Business Credit (KUR). The KUR is given to productive MSMEs that are feasible but unbankable. The government also provides interest subsidies/margin subsidies to KUR debtors which includes credit guarantees, so that people can access credit easily and cheaply.  Distribution of credit to the public

Bank Indonesia has managed to accumulate a total of USD 173 million or approximately IDR 2,6 billion from the foreign export exchange. Denny Prakoso as the Director Director of the BI Monetary Management Department said that the number obtained since March 2023. This was after the implementation of the domestic placing of export proceeds. Export

Brave Girl’s “Rollin” video went viral around early 2021,  Kim Seong-min, one of the young men in South Korea who did fractional investments saw an opportunity. He’s trying to get into Musicow, a platform launched in 2016 where users can buy a small portion of music royalties, and get a portion of the song for

Silicon Valley Bank (SVB), the 16th largest bank in the United States, reportedly collapsed on Friday, 10 March 2023. The fall of the bank happened in just 48 hours starting on Wednesday when it announced the bank’s recent move. This announcement resulted in a bank run where many of its customers tried to withdraw money

India’s industrial output increased for the third consecutive month in January, and at a faster-than-expected rate, according to data from the statistics ministry released Friday. Industrial output increased 5.20 percent year on year in January, following a revised 4.68% increase in December. This was kind of higher than the economists’ predicted 5.0% increase. Electricity production

China will deepen the financial system and improve their regulatory regime to avoid the economic risks, and opening up more to foreign investment, said Premier Li Keqiang on March, 5. The government will cover up the risks of high-quality property corporations and lessen payments of the burden of interest to local governments said by the

Indonesia’s financial services authority known as OJK (Otoritas Jasa Keuangan) will finally ease some pandemic-era rules for the stock market including trading and short selling as the situation in the pandemic is getting better. The new regulation will gradually take place by the end of this month. In the letter sent by Inarno Djajaldi, head

Hong Kong, after several  crises in the past decades, is predicted to be able to recover in the economic aspect. As good as it seems, it would take a longer time since it needs to adjust after three years of Covid restrictions that minimize the required talent to move the economy wheel. After the mask

Japan must spread the pace of pay rises across the country to combat increasing inflation when annual labor negotiations wrap next month, according to Prime Minister Fumio Kishida, who has the support of a large business lobby. In Japan, wages have lagged behind inflation for years as cautious businesses kept record amounts of cash while