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Business Development

Confusion Reigns

Tuesday, June 14, 2005

Several SOEs were appointed to manage trillions of rupiah for the small business development program—but even these enterprises are worried that loans will not be repaid.

arsip tempo : 173511101858.

. tempo : 173511101858.

PERMODALAN Nasional Madani (PNM—a financial institution providing support for small and micro businesses) is currently applying for money from Jamsostek (the state-run social security program). PNM has been captivated by the funds being offered by Jamsostek as a part of the small business development program.

PNM has also approached Bank Ekspor Impor. This state-owned enterprise (or SOE as they are referred to) has been appointed by the

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