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NEWS UPDATES Asean Affairs     March 23, 2017  

Ministry targets entrepreneurship rate to hit 4% this year

Indonesia: Cooperatives and Small and Medium Enterprises Minister Anak Agung Gede Ngurah Puspayoga has set a target of a 4 percent national entrepreneurship rate by the end of this year.

The figure is an increase from 3.1 percent last year, which is itself a rise from 1.67 percent in 2015.

Puspayoga said Tuesday that he was upbeat about meeting the goal because efforts made in the past two years had led to a significant surge in the ratio of local entrepreneurs to the total population.

Furthermore, the latest figure exceeded the minimum ratio of 2 percent relative to the population that a country ideally achieved, he added.

“We want it [the ratio] to be at least equal with Malaysia, which has a figure of 5 percent. The figure should not as high as in Japan or the United States, where it stands above 10 percent,” Puspayoga said in a statement as quoted by

(Read also: Successful entrepreneurs must be tech-savvy: Jokowi)

The emergence of new entrepreneurs is considered essential to address unemployment, which rises as a workforce grows faster than job opportunities.

The achievement of the higher entrepreneurship rate target, Puspayoga said, would require solid cooperation from various stakeholders, namely the central and regional governments, state-owned enterprises, universities and students.

“Students and universities are a potential target to nurture entrepreneurship. We visit universities to help raise the ratio,” he said.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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