News & Articles

Empowering MSMEs in the Covid-19 Recovery Period: Trends and Challenges in 2021

Published on 10 February 2021

On Wednesday 20 January 2021, EuroCham received an invitation from the Indonesian E-Commerce Association (idEA) to participate in a discussion on empowering MSMEs during the COVID-19 recovery period. The speakers at the event included Victoria Simanungkalit (Deputy for Entrepreneurship, Ministry of Cooperatives and SMEs), Mohamad Rosihan (Chair of IdEA Membership and Business Development), and Ruben Hattari (Member of the IdEA Trade and Export Sector). On this occasion, the government conveyed the programs carried out in relation to the SMEs, including: certification and standardization of MSMEs and a national campaign of Proudly Made in Indonesia or Bangga Buatan Indonesia.

During the event, business players expressed their appreciation for these programs, but there are still many aspects that needs to be addressed, one of which involves the training given to MSMEs, wherein the duration is deemed too short.

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RCEP: World and Indonesia Economic Awakening 2021-2022

Published on 10 February 2021

On Wednesday 20 January 2021, EuroCham was invited to attend a webinar from Katadata on “The Regional Comprehensive Economic Partnership (RCEP): The Awakening of the World Economy and Indonesia 2021-2022”. The event was opened with keynote remarks from Mahendra Siregar (the Deputy Minister of Foreign Affairs). Speakers at the event were Bimo Grahito Wicaksono (Acting Head of ASEAN Section and Dialogue Partners, Directorate of International Industrial Access, Ministry of Industry), Shinta Kamdani (Deputy Chairman of Indonesia Chamber of Commerce and Industry/KADIN), and Andry Asmoro (Chief Economist of Bank Mandiri). The RCEP was signed in mid-November and is expected to be one of the driving forces for the economy of its members, including Indonesia. According to the Fiscal Policy Agency’s Study in 2019, RCEP can increase Indonesia's GDP by 0.05 percent in the 2021-2032 period.

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