An artisan polish balinese wooden sculpture in a workshop in Bali. (illustration)

US becomes the main market of Balinese sculptures

REPUBLIKA.CO.ID, DENPASAR -- US becomes the main market of Balinese wood sculptures and handicrafts. It contributes to 24.82 percent of the export of Balinese wood sculptures and handicrafts. "Foreign reserve from Januari to October 2014 reaches 62.94 million USD, declining 21.66 percent yoy," Head of Bali Statistics Agency Panasunan Siregar said on Sunday, December 7.  The export of the art piece...

Senior Deputy Governor of Bank Indonesia Mirza Adityaswara (file)

BI asks banks to allocate 20 percent of credits for small business

REPUBLIKA.CO.ID, PRAYA -- Bank Indonesia (BI) has ruled that all banks in Indonesia are required to set aside 20 percent of their credits for small and medium sized businesses (UMKM) to boost economic growth. The regulation would be implemented by phases from 2015 to 2018, Senior Deputy Governor of the central bank Mirza Adityaswara said in this Central Lombok municipal...