This is a good institutional innovation so that the various scattered potential of micro enterprises can be consolidated well
Jakarta (ANTARA) - People's Consultative Assembly (MPR) Deputy Speaker Syarief Hasan has voiced support for the Ultra Micro State-Owned Enterprises (UMi SOEs) Holding, saying it could consolidate micro enterprises' potential and absorb labor.

The holding, which has been formed out of three SOEs -- Bank Rakyat Indonesia (BRI), Pegadaian, and Permodalan Nasional Madani (PNM), is focused on empowering micro enterprises and is capable of absorbing the targeted 30 million workers, he noted.

"I support the breakthrough of UMi SOEs Holding establishment. This is a good institutional innovation so that the various scattered potential of micro enterprises can be consolidated well," Hasan said in a statement issued here on Saturday.

The establishment of the holding is aimed at improving the competitiveness of the micro sector, both nationally and globally, he added.

The synergy between the three SOEs, which have their own respective advantages, is expected to provide significant support to micro enterprises, Hasan opined.

"Bank Rakyat Indonesia has a very broad reach up to remote areas, so micro entrepreneurs can have an integrated funding access with the banking sector," he explained.

The establishment of UMi SOEs, he continued, is expected to provide sustainable support in terms of funding, entrepreneurial training, and sales strategy so that micro products can become competitive.

With the transformation to the formal sector, micro enterprises can provide optimal support to the nation's revenues, bring prosperity to workers, and solve the problem of unemployment and poverty, whose prevalence remains high, Hasan said.

"In the digital era, UMi SOEs is expected to become a facilitator and a catalyst in integrating the micro sector into the developing digital market. It is hoped that micro enterprises do not just have domestic reach, it could also reach the global market," he added.

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Translator: Imam B, Fadhli R
Editor: Sri Haryati
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