Indonesian Political, Business & Finance News

Cooperatives encouraging

| Source: WYS

Cooperatives encouraging

The way that cooperatives in this country have developed is extremely encouraging. The government has given its attention to cooperative institutions, because cooperatives constitute one of the main economic pillars besides state-owned companies and private enterprises.

Cooperatives, managed using up-to-date methods, are found throughout the country, with the aim of enhancing the members' welfare. The government, through the 1992 Cooperatives Law, gives an exclusive right to cooperatives to do certain types of business and trade which are closed to other forms of enterprise.

The hard days of the cooperatives are now in the past. Now, cooperatives are not just a political will but a direct interpretation of Article 33 of the 1945 Constitution.

Nevertheless, we still have to work harder for better results, in which cooperatives in conjunction with the state companies and private enterprises will prove themselves to be even more beneficial.

-- Media Indonesia, Jakarta

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