Indonesia launches $7 billion loan guarantee scheme for 'priority' companies

📆 7/29/2020 3:15 AM
📰 Reuters

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Indonesia has launched a 100 trillion rupiah ($6.92 billion) loan guarantee scheme targeting businesses in priority sectors as part of efforts to help companies stay afloat during the coronavirus pandemic, the finance minister said.

FILE PHOTO: General view of a business district during sunset in Jakarta, Indonesia, November 5, 2019. REUTERS/Willy Kurniawan

“We hope the risk appetite from banks as well as companies can be restored and thus result in optimism to conduct activities,” Finance Minister Sri Mulyani Indrawati told a streamed press conference on Wednesday, noting banks had been cautious giving out loans despite having ample liquidity. The loan guarantee scheme is an expansion of a previously announced initiative to help small businesses recover from the impact of the pandemic.

Write Comment

HB II royal family demands British government apologize and return looted gold.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Cousin Sal' Iacono Launches Sports Gambling Media Company Extra PointsThe company debuted its flagship podcast 'Extra Points' on Monday, hosted by Iacono and The NFL Network's Dave Dameshek. extrapointspod Is Kimmel going to do it in blackface? He's got more explaining to do. Going away for a few months and ignoring something isn't going to make it go away. Of course he's a lib, so it might work.
Source: THR - 🏆 411. / 53 Read more »