UMKM, Pertahanan Terakhir Ekonomi Dalam Negeri

Summary

The script addresses the plight of Indonesian micro, small, and medium enterprises (UMKM) during the pandemic, with 98% facing potential bankruptcy by December 2020. It underscores UMKM's significant contribution to GDP (around 60%) and their role in absorbing 96% of the workforce. The government's response includes financial aid schemes like BLT, tax incentives, credit relaxation, and digital ecosystem integration. Challenges for UMKM's digital transformation are highlighted, emphasizing the need for government support to prevent economic decline.

Takeaways

• 📉 98% of businesses are micro businesses, and about 60,306,232 of them are expected to grow due to large-scale social restrictions.
• 💹 According to the OECD, almost half of Indonesian MSMEs could go bankrupt by December 2020.
• 🔄 Data from June 2020 showed an improvement to 83.84%, but it's still not enough to support economic optimism in the next quarter.
• 💼 MSMEs contribute significantly to the GDP, reaching around 60%, which is projected for 2020 but was already at 58% in previous years.
• 💰 MSMEs contribute around 85 trillion Rupiah to the GDP, based on the 2018 data where the GDP was around 1480 trillion Rupiah.
• 👥 MSMEs can absorb around 96% of the workforce, which is approximately 117 million people.
• 🚨 If MSMEs are significantly impacted, unemployment rates, initially below 10 million, could skyrocket.
• 🏥 The government has introduced five schemes to help MSMEs during the pandemic, including direct cash assistance, tax incentives, credit relaxation, and financing expansion.
• 🌐 The focus for MSMEs in 2020 is to ensure their digital transformation to survive the pandemic, which is crucial for economic recovery.
• 🚀 Digital transformation can increase MSMEs' income by up to 165% and productivity by around 117%, as shown by data from Sheinside.

Q & A

What percentage of businesses in Indonesia are considered micro businesses?

According to the script, 98% of businesses in Indonesia are at the micro level.

What is the estimated number of micro businesses in Indonesia?

The script mentions that there are approximately 6,032,322 micro businesses in Indonesia.

What is the predicted impact on small and medium enterprises (SMEs) in Indonesia by December 2020 according to the Organisation for Economic Co-operation and Development (OECD)?

The OECD predicted that almost half of the SMEs in Indonesia would go bankrupt by December 2020.

What was the improvement in the economic optimism index for SMEs in June 2020 according to the script?

The economic optimism index for SMEs improved to 83.84 in June 2020.

What is the contribution of SMEs to Indonesia's GDP according to the script?

SMEs contribute around 60% to Indonesia's GDP.

How much did SMEs contribute to Indonesia's GDP in 2018?

SMEs contributed around 57.8 trillion Rupiah to Indonesia's GDP in 2018.

What is the potential impact on unemployment if SMEs are significantly affected by the pandemic?

If SMEs are significantly affected, the unemployment rate, which was initially below 10 million, could skyrocket above 10 million.

What measures has the government taken to support SMEs during the pandemic?

The government has introduced five schemes: BLT (direct cash assistance), tax incentives for SMEs with an annual turnover below 4.8 billion, credit relaxation and restructuring, expansion of financing for 23 million SMEs, and support from ministries or state-owned enterprises and regional governments in the recovery phase.

What is the focus of the government's safety measures for SMEs in 2020?

The focus is on ensuring the survival of the SME sector from the pandemic's impact through various policies, including digital transformation.

What is the potential increase in income for SMEs that have adopted digitalization?

SMEs that have adopted digitalization can potentially increase their income by up to 165%.

What are the challenges faced by SMEs in integrating with the digital ecosystem?

Challenges include the time required for integration, digital literacy, and the need for government facilitation for easy adaptation to digital platforms.