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MINISTRY INVITES MSMES TO ACCESS FINANCING THROUGH THE CAPITAL MARKET

INDONESIA’S Ministry of Tourism and Creative Economy/Tourism and Creative Economy Agency invites Micro, Small and Medium Enterprises (MSMEs), especially in Pontianak, West Kalimantan, to seek alternative sources of financing through the capital market.

According to the Director of Access to Finance Ministry of Tourism and Creative Economy, Hanifah Makarim in a Capital Market Talk event with the theme ‘Introduction to Capital Markets for Tourism and Creative Economy MSME Players’ IN Pontianak, Friday (28/5), said the lack of interest in tourism and the economy. creative, including MSMEs, to enter the capital market because of the assumption that small and medium enterprises cannot access the stock exchange.

“In fact, MSME players with not too large capital can enter the capital market. This capital market can be an alternative financing for developing businesses of MSME actors in tourism and the creative economy. Perhaps business actors have not understood it so far, that so far they have assumed which MSMEs can enter the capital market. But in fact, business actors with not too large a capital can enter the capital market,” said Hanifah.

Therefore, said Hanifah, this activity aims to introduce the world of the capital market in outline to tourism and creative economy MSME actors, especially in Pontianak, West Kalimantan.

“I hope that this event can provide benefits for all of us, providing new insights that the capital market is an alternative access to tourism financing and the creative economy. We have to start now, if we don’t start, of course we won’t go there,” Hanifah said.

Currently, there are various alternative sources of funding for MSME players, one of which is to invite the public or the public to share ownership of the company through the willingness of the majority shareholder or founder (go public), namely through the Initial Public Offering scheme.

The IPO is conducted through the capital market, with trading facilitators at the Indonesia Stock Exchange overseen by the Financial Services Authority. Funds collected from the public through the capital market can then be used for various company needs, such as increasing working capital, paying debts, investing, acquisition needs, and so on. By becoming a public company, the value of the company’s equity will increase so that the company has a more optimal capital structure.

However, getting there requires well-planned preparation and requirements. Among them have a good business plan and financial reports. As well as legality and other information. The government itself has made it easier for MSMEs to take the floor on the stock exchange.

Meanwhile, Economic Expert Ki Saur Panjaitan XIII, explained that MSMEs who want to take the floor on the capital market can come to the Indonesia Stock Exchange. There will be an incubator or consultant who is ready to provide assistance and an explanation of what is needed in planning, financial reports, and requirements. This incubator, ladies and gentlemen, can ask anything to assist in managing the conditions that have been determined.

He also explained that one of the most important things to take the floor in the capital market, MSME players must have a clear prospectus, such as an initial public offering, management analysis and discussion, to business prospects.

“In the capital market, the most important thing is that you have a prospectus. So selling money is a convincing prospect. Because talking about the capital market is talking about information that is packaged in a prospectus, so that people will be interested in giving this prospect in those pages,” he said.

Likewise, the Head of the West Kalimantan Indonesia Stock Exchange Representative Office, Taufan Febiola, appealed to MSME players not to be afraid to go public in developing their business.

“We have created a special trading board for startup players, namely an accelerated trading board. If you pay attention to the requirements, it is very easy, even the minimum asset requirement that is regulated is the maximum, not the minimum, the maximum is IDR250 billion, meaning that if you only have a capital of IDR5 billion, (even) IDR1 billion. As long as your business has been operating commercially, you will get business income, not profit,” Taufan completed. [antaranews]