Depreciation of
Rupiah value against USD had affected nearly economic sector. rupiah position
today was the lowest since that during the Monetary crisis of 1997 – 1998.
INDEF stated that weakening of Rupiah could never be as bad as during the
crisis of 1998. The present problem of Rupiah was more related the Fed’s plan
in the USA to increase FFR this September.
Amidts economic slowdown, the
Small-and-Medium Industry (UMKM) was again expected to be the savior of
Indonesia’s economy the way it happened in 1998 last. The executive Director of
INDEF Enny Sri Hartati stated in Jakarta on Monday (31/8) that it was necessary
for the Government to empower UMKM in the present adverse condition.
Enny stated that Rupiah value being
under pressure should be an opportunity to strengthen competitive edge of
domestic products. The high potential of competitiveness was in the UMKM sector
because 98% of national economic players were in this sector. Unfortunately the
police made by the Government had not served its purpose as savior of economy.
He said that business climate was not condusive for UMKM even to find access to
financial resources it was still hard for them.
Enny rated the troubled UMKM had
caused economy growth to be slow in Q ll 2015. People’s low purchasing power
had caused UMKM to lessen activities which affected national economy through
first half of 2015. Enny states that if only the Government paid more attention
to UMKM, Indonesia’s economy would not be as trouble as it was now.
The same was expressed by Nina
Nursinag, Chairwomen of APINDO. Nina saw that turbulence in Indonesia’s economy
due to weakening of Rupiah lately had affected UMKM and IKM quite seriously.
The most affected business sector was industries using imported raw materials
lije tempe producers using imported soy or automotive industry using imported
part.
According to Nina, UMKM were hardboiled
entrepreneurs who had strong resistance under any circumstance. But today
business people found it hard to access capital, buy raw materials or make
profit or execute marketing. Even under the present condition it was hard for
them to survive, not to mention to compete.
For the matter, according to Nina,
it was necessary for the Government to take sound measures to help UMKM so they
would not be shaken by the uncertain market condition. He said that that the
pressing thing was to realize aid in financing for UMKM. About KUR credit plan
for UMKM for KUR but the pipelining of it was too slow and too late. (SS)
Business New - September 2, 2015
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