PREMIUMGovernment’s plan to empower MSMEs through omnibus bill faces backlash

first_imgLOG INDon’t have an account? Register here Facebook Google Forgot Password ? Topics : The government’s plan to empower micro, small and medium enterprises (MSME) and cooperatives through the omnibus bill on job creation is facing backlash from stakeholders.Association of Indonesian MSMEs (Akumindo) chairman Ikhsan Ingratubun said the plan would harm micro and small businesses.“The President said during his inauguration speech in 2019 that the government would empower MSMEs. However, the bill may actually harm businesses,” Ikhsan told The Jakarta Post on Wednesday.“The bill does not set a maximum threshold for businesses that could be considered an MSME, this could lead to big businesses claiming to be MSMEs.”Ikhsan said the bill could lead to multiple interpretations, calling on the government and stakeholders to review it.According to Article 94 of the draft bill, an MSME is defined by several criterial, namely its net wo… Indonesia omnibus-bill-on-job-creation MSMEs-cooperatives criteria license financing Log in with your social account Linkedinlast_img

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