Reported 14 days ago
Indonesia has initiated a six-month program for loan forgiveness aimed at certain micro, small, and medium enterprises (MSMEs), allowing them to erase bad debts from state banks to promote economic growth. President Prabowo Subianto emphasized the importance of supporting key sectors like agriculture and fishing while aiming to increase the country's annual economic growth. Eligible MSMEs with debts up to 500 million rupiah can now access new loans as the policy takes effect.
Source: YAHOO