Indonesia’s Cooperatives and Small and Medium Enterprises Ministry has continued to exert efforts to expand access to financing and investment to the country’s startup companies, Minister Teten Masduki said on March 27.
Indonesian Minister of Cooperatives and Small and Medium Enterprises Teten Masduki (Photo: antaranews.com)
Jakarta (VNA) – Indonesia’s Cooperativ♏es and Small and Medium Enterprises Ministry has continued toexert efforts to expand access to financing and investment to the country’s startup companies, Minister Teten Masduki said on Mar🦂ch 27.
He noted thatexpanding financing access is essential to assist startup companies in dealingwith issues arising during their early days of operations. Indonesian startups have been relying heavilyon financing provided by "angel investors" and venture capitalists tofund their business growth and innovations, he stated. The minister said that hisministry is aiming to bolster the development of the startup ecosystemthrough collaboration with domestic and international venture capitals. Since2021, Indonesia has been striving toenhance the capacity of Indonesian startups by implementing an incubationprogramme that involves 20 institutions fromuniversities and regional governments. The programme, drawing the participation from 351 companies, ismeant to assist startups in solidifying their business models, increasingincome, and linking with potential partners at the national and internationallevels, he explained. Theminister highlighted that his country is currently aiming to pave the way forestablishing more startups in the sectors of agribusiness, aquaculture, greenbusinesses, and technology.
Masduki urged all financial institutions totake part in facilitating Indonesian startup companies to access the financingschemes they need.
He expressed his belief that Indღonesia will be ableto transform into a developed country by growing its economy and creating morenew entrepreneurs./.
With camera traps and extensive DNA sweeps, Indonesian conservationists are hoping to find more evidence that the Javan tiger, a species declared extinct, actually still exists in the wild, the Indonesian Ministry of Environment and Forestry announced on March 26.
The Indonesian Ministry of Finance recently announced tax incentives of 5% and 10% for electric buses with a localisation rate of 20% and at least 40%, respectively, in a bid to spur the use of public transport using electric motors in the country.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Indonesian Minister of Cooperatives and Small and Medium Enterprises Teten Masduki (Photo: antaranews.com) 
