{
    "success": true,
    "data": {
        "id": 1029637,
        "msgid": "cooperatives-told-to-get-into-business-1447893297",
        "date": "1996-11-19 00:00:00",
        "title": "Cooperatives told to get into business",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Cooperatives told to get into business JAKARTA (JP): Chairman of the Indonesian Cooperatives Council Sri-Edi Swasono said yesterday the country's cooperatives must become more self reliant to serve their members effectively. Sri-Edi said cooperatives could empower themselves by buying shares in related companies and developing partnerships with them. The tobacco and clove cooperatives had achieved a degree of self-reliance by securing shares in cigarette companies, he said.",
        "content": "<p>Cooperatives told to get into business<\/p>\n<p>JAKARTA (JP): Chairman of the Indonesian Cooperatives Council<br>\nSri-Edi Swasono said yesterday the country's cooperatives must<br>\nbecome more self reliant to serve their members effectively.<\/p>\n<p>Sri-Edi said cooperatives could empower themselves by buying<br>\nshares in related companies and developing partnerships with<br>\nthem.<\/p>\n<p>The tobacco and clove cooperatives had achieved a degree of<br>\nself-reliance by securing shares in cigarette companies, he said.<\/p>\n<p>Sri-Edi said cooperatives were often seen as social welfare<br>\norganizations without a serious economic role. They must improve<br>\ntheir identity, credibility and leadership to improve their<br>\nimage, he said.<\/p>\n<p>Armed with these mechanisms of empowerment, he said, the<br>\ncooperatives would eventually become independent, commercially<br>\nsuccessful enterprises which could compete equally with limited-<br>\nliability companies.<\/p>\n<p>Sri-Edi said the cooperatives benefited from large networks<br>\nand grass-roots customer bases which could give them economies of<br>\nscale.<\/p>\n<p>Former director general of cooperatives Ibnoe Soejono said<br>\nthe cooperatives required a professional management system<br>\nsimilar to those abroad, instead of a heavy reliance on<br>\ncooperative management boards.<\/p>\n<p>Ibnoe stressed this was important for Indonesia because it<br>\nfaces competition with the realization of free market policies in<br>\n2003.<\/p>\n<p>He said the country's 44,458 cooperatives with assets of Rp<br>\n6.4 trillion (US$2.7 billion), in 1995, required regular audits<br>\nand clearly defined guidance to make a transition to commercial<br>\nviability.<\/p>\n<p>He said cooperatives in Thailand, Malaysia and the Philippines<br>\nwere offered more education, low-interest credit and tax breaks<br>\nto raise their financial independence and, eventually, become<br>\nprofitable enterprises. (01)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/cooperatives-told-to-get-into-business-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}