Govt preparing draft bill on small businesses<\/p>\n
JAKARTA (JP): The government has begun formulating a bill on
\nsmall enterprises to provide them with a legal basis for
\ndevelopment, in response to environmental changes and the trend
\nof globalization, a minister says.<\/p>\n
Minister of Cooperatives and Small Enterprises Subiakto
\nTjakrawerdaya said here yesterday that a legal framework, besides
\nimproved human resources and a conducive economic environment,
\nwas a prerequisite for the development of small and medium-scale
\nenterprises (SMEs).<\/p>\n
Speaking on the second day of the 21th International Small
\nBusiness Congress (ISBC), the minister said that the draft bill
\nwill be submitted to the House of Representatives (DPR) for
\ndeliberation within a few months.<\/p>\n
He said that, as human resources are one of crucial weaknesses
\nfaced by SMEs, their improvement was unavoidable.<\/p>\n
\"Some aspects of this strategy, therefore, are improvements of
\nentrepreneurship, managerial skills and outlook on business
\nenvironment,\" Subiakto told the three-day congress attended by
\nover 700 participants from 38 countries.<\/p>\n
Besides Subiakto, speaking on the second day of the three-day
\ncongress was Raymond W.Y. Kao of Singapore, Bruce A. Krichhoff of
\nthe United States, Ken O'neill of North Ireland, Vessa Routama of
\nFinland and Nobuhiro Kurose of Japan.<\/p>\n
Subiakto noted that the strategy for developing SMEs will not
\nbe sufficient without creating conducive environment that
\nprovides better opportunities for them to grow bigger, stronger
\nand self-reliant.<\/p>\n
\"In this connection, the government has been promoting
\nbusiness partnerships between small, medium and large
\nenterprises. The large entities are later called upon to sell
\nsome portion of their shares to small companies and cooperatives.<\/p>\n
Subiakto told newsmen after the congress that eight
\nconglomerates, all of which are listed on the Jakarta Stock
\nExchange, will soon sell 3.5 million shares to 38 cooperatives.<\/p>\n
Meanwhile, Businessman Fadel Muhammad said the participation
\nof large entities in the improvement of small and medium
\ncompanies should still be encouraged.<\/p>\n
\"I myself understand the importance of large entities in
\nhelping small and medium sized enterprises. You know, I started
\nfrom a small business then became a medium one and now I'm a bit
\nbigger,\" Fadel told The Jakarta Post.(rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/govt-preparing-draft-bill-on-small-businesses-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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