What Needs to Change?
Cancelled bank loans reach approximately Rp180 trillion. Businessmen are waiting for concrete steps by the government to prod the real sector.
April 10, 2007
BANK Indonesia’s policy of relaxing a number of loan regulations last week doesn’t seem to make all businessmen happy. Understandably so, the regulation is applicable to small- to medium-sized enterprises (SMEs) with limited capital only. However, that’s not the main reason. Businessmen, including big ones, are exasperated with the real sector’s condition that continues to be in poor shape.
Consequently, many of them changed their minds
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