Day: August 9, 2023

Nusa Dua, Bali (ANTARA) – Bali will host the Archipelagic and Island States (AIS) Summit in Nusa Dua, Bali, on October 11, 2023, to address four marine issues, the Communication and Information Ministry stated.”So far, there are 13 heads of state (that have confirmed) to attend, and we expect more confirmations,” the ministry’s director general of public information and communication, Usman Kansong, said here on Wednesday. t a media briefing on the AIS Summit and the World Water Forum (WWF), he informed that Papua New Guinea, Fiji, and Vanuatu are among the countries that have confirmed their attendance at the 1st AIS Summit. ccording to Kansong, the AIS Summit, which is a cooperation forum between 51 island and archipelagic countries, will emphasize on devising concrete solutions to four ocean problems, namely climate change mitigation, blue economy, plastic waste handling in the oceans, and maritime governance. Indonesia, he said, is according considerable attention to those issues, especially waste handling in the oceans. Indonesia added 12.5 million metric tons of plastic waste into the sea, based on the latest survey in 2015, he highlighted.

Source: Antara News Agency

Jakarta (ANTARA) – Coordinating Minister for Economic AffairsAirlangga Hartartohas said that at least Rp126.3 trillion (around US$8.31 billion) in smallholder business credit (KUR) has been disbursed to 2.3 million debtors as of July 31, 2023.The KUR disbursement target has been set at Rp297 trillion (around US$19.55 billion). “KUR disbursement is currently on a positive trend this year; as of July 31, Rp126.3 trillion (has been disbursed) to 2.3 million debtors, with NPLs (non-performing loans) maintained at 1.63 percent,” Hartarto informed at a press conference on the KUR Awards ceremony here on Wednesday. In terms of achievement, the disbursement of KUR for the production sector has reached 55.4 percent, and the proportion of debtors that have graduated or leveled up has reached 52 percent. ccording to him, the disbursement of KUR to the community has also contributed to the national economic growth, as reported by Statistics Indonesia (BPS) recently. BPS recorded Indonesia’s annual economic growth in the second quarter of 2023 at 5.17 percent. Furthermore, growth in lending rose by 9.39 percent, with credit for micro, small, and medium enterprises (MSMEs) specifically growing by 7.61 percent year over year (yoy) His ministry will also continue to monitor the need to change the KUR ceiling, which will depend on the interest subsidy indicator. One of the sectors whose KUR ceiling is likely to be increased is agriculture. The ceiling for the sector was Rp70 trillion (US$4.60 billion) last year. Speaking at the KUR Awards event here on Wednesday, acting deputy for the coordination of macroeconomy and finance at the Coordinating Ministry for Economic Affairs, Ferry Irawan, said that this year, the ministry will continue to improve the quality of KUR debtors. To this end, the government is encouraging the addition of new KUR recipients or recipients who can level up by considering the indicators for eligible debtors. t the KUR Awards event, Central Java was adjudged the province with the best strategy for KUR disbursement.

Source: Antara News Agency

Jakarta (ANTARA) – The performance of state-owned enterprises (SOEs)can be accelerated through business transformation and good corporate governance (GCG), according to SOE researcher Toto Pranoto.The establishment of quality SOE holdings must continue if the government wants to improve the performance of the SOEs sector and make the transition to the next government smooth, Pranoto said here on Wednesday. “The formation of (SOE) holdings can increase value. Therefore, the strategy is no longer (about) quantity but more about quality,” he added. He said that SOEs need to focus on value creation to increase their competitiveness. “Currently, there are 100 SOEs (although some have become subsidiaries due to their being merged with holdings). Of that number, there are 25 top SOEs that generate more than 85 percent of the total revenue and profit,” Pranoto pointed out. Considering that only the top 25 SOEs have generated 85 percent of the accumulative profit, most SOEs have not performed well, he added. Pranoto said that the supervision and evaluation process carried out by the SOEs Ministry has been going well.

Source: Antara News Agency