{
    "success": true,
    "data": {
        "id": 1008978,
        "msgid": "new-action-will-strengthen-small-business-development-1447893297",
        "date": "1994-06-28 00:00:00",
        "title": "New action will strengthen small business development",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "New action will strengthen small business development JAKARTA (JP): The new package of reform measures launched yesterday included new steps to bolster the development of small businesses through the allocation of more money from state-owned companies.",
        "content": "<p>New action will strengthen small business development<\/p>\n<p>JAKARTA (JP): The new package of reform measures launched yesterday<br>\nincluded new steps to bolster the development of small businesses<br>\nthrough the allocation of more money from state-owned companies.<\/p>\n<p>Minister for Cooperatives and Small Business Development Subiakto<br>\nTjakrawerdaya said yesterday that the Rp 500 million (US$231,000) limit<br>\nthat a state company was allowed to set aside from its annual net<br>\nprofits for small business development had been lifted.<\/p>\n<p>\"This move is expected to release more funds for small business<br>\ndevelopment,\" Subiakto added.<\/p>\n<p>He said the allowable uses of state companies' funds for small<br>\nbusiness developments were also extended to cover more categories of<br>\nsmall-scale enterprises.<\/p>\n<p>\"The capital of the state owned PT Bahana venture capital company<br>\nwill be increased to enable it to expand its role in small business<br>\ndevelopment,\" he said.<\/p>\n<p>Subiakto added that the dividends gained by capital venture firms<br>\nfrom their equity participation and the capital gains on their equity<br>\ninvestments were both exempted from income tax. The minister explained,<br>\nthis was done to create an incentive for the establishment of more<br>\nventure capital companies.<\/p>\n<p>\"The government will encourage the establishment of venture capital<br>\nfirms in provinces and districts to bring more financial resources<br>\ncloser to small firms with high growth prospects,\" the minister added.<br>\n(vin)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/new-action-will-strengthen-small-business-development-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}