Edisi 03 Desember 2014 | International Bali Post

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I N T E R N A T I O N A L

I N T E R N A T I O N A L

16 Pages Number 239 6th year

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Entertainment

Wednesday, December 3, 2014

Scarlett Johansson weds partner Dauriac

LOS ANGELES - Hollywood superstar Scarlett Johansson quietly tied the knot with her fiance Romain Dauriac, in October, US media reported Monday. The couple have a daughter, Rose. Johansson, considered one of Hollywood’s modern sex symbols, also starred in “Girl with a Pearl Earring” and Luc Besson thriller “Lucy.”

Taiwan leader quitting as party chief after polls

Ronaldo, Messi, Neuer up for Ballon d’Or

Fears of Serbia return to iron rule of nationalism

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Bali Post

DENPASAR - Financial literacy rate among the players of Micro, Small and Medium Enterprises (MSMEs) remains low. Based on the survey of the Financial Services Authority (OJK), the literacy rate of the MSMEs reaches only 16 percent. Charles Sykes/Invision/AP

Bruce Springsteen, center, performs with U2 during the World AIDS Day (RED) concert In Times Square on Monday, Dec. 1, 2014 in New York.

Bruce Springsteen fills in at surprise U2 AIDS show Agence France-Presse

Evan Agostini/Invision/AP

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Wednesday, December 3, 2014

Financial literacy of MSMEs still low

Agence France-Presse

Johansson -- best known for her roles in “Lost in Translation”, “The Avengers” and a string of Woody Allen films -- married Dauriac, a French journalist, in Montana on October 1, People magazine reported.

WEATHER FORECAST 23 - 32 Dps

NEW YORK - Bruce Springsteen and Coldplay’s Chris Martin tried to replace Bono’s legendary vocal cords Monday in a surprise U2 concert in New York to rally support for fighting AIDS. U2, which has played only select shows since a 2009-2011 tour, announced the free show in Times Square with several hours of notice to raise awareness and funding on World AIDS Day. But with frontman Bono injured in a bicycle incident last month, the Irish superstars offered the microphone to two of the rare vocalists who rival U2 in celebrity. “Dreams come true for all old and young people alike,” a humbled Coldplay frontman Martin said on the stage set up underneath Times Square’s famous flashing screens on a rainy night. Martin, who has long cited U2 as an influence on his work, joined The Edge and the rest of the band to perform “With or Without You” and

“A Beautiful Day” -- staying faithful to Bono’s lyrics and style while struggling to match his range. Closing the hour-long concert, Springsteen summoned the depths of his emotional force to sing “Where the Streets Have No Name” before a more understated rendition of “I Still Haven’t Found What I’m Looking For.” Leaving behind his usual guitar, Springsteen cast a surprisingly similar physical appearance to Bono as he grabbed the microphone, with The Edge audibly driving the music. Also performing were country singer Carrie Underwood and hip hop star Kanye West, who energetically blended hits such as “Stronger” and “Touch the Sky” -- while noting that he had to condense his set for the sake of television viewers. The concert was organized by the Bono-backed Red campaign to mark a decade since the United States dramatically ramped up support for fighting AIDS. Bono appeared briefly in a video at the concert in which celebrities listed items -- such as French fries and

lipstick -- that cost the 40 US cents required to provide daily treatment. “Two pills a day is what it takes to stay alive if you’re HIV positive,” Bono said. Former US president Bill Clinton, who explained that Bono asked him to address the concert, said that 2014 marked the first time that more people around the world received life-saving drugs than were newly diagnosed with HIV. “Twenty-six years ago, we could never have had an event like this on World AIDS Day because to be diagnosed with AIDS was a death sentence,” said Clinton, referring to the start of the annual commemoration. “We are going to win this fight,” Clinton said. Clinton pointed to US anti-AIDS efforts as an example of cooperation across political lines. His successor George W. Bush spearheaded the socalled PEPFAR program, which now supports anti-retroviral medication for 7.7 million people, in large part in sub-Saharan Africa.

“Especially for the MSMEs, the literacy rate reaches 16 percent of the 56 million units of businesses where 55 million units belong to micro businesses. It is very low,” said the Board of Commissioner Member for the OJK Education and Consumer Protection, Kusumaningtuti S. Setiono, not long ago. She said the financial access received by the MSMEs was still not comparable to their role in support-

ing the domestic economy. To that end, the financial literacy was also very important for the MSMEs. “Contribution of the MSMEs to the economy accounted for 59 percent of the Gross Domestic Product. This figure is quite large, so that it is very important for the increase in financial literacy of the MSMEs,” she said. According to her, the contribution of the MSMEs to employment

absorption in Indonesia must be taken into account. Of the 56 million units of existing businesses, they had been able to provide employment for 107 million people or 78 percent of the total population of Indonesia. On the other hand, the lineup of banking institutions considered the MSMEs an open market for loan distribution. However, most of the MSME players were

afraid of accessing the institutions because they did not have collateral. “Many MSMEs do not dare to go to bank because they do not have collateral. Actually, there are loans without requiring collateral as long as the business runs well,” said Taufik Hakim, Director of Bank Pundi. He said that his party placed the account officer in each region to attract MSMEs in need of working capital loans. “An account officer has a task to make approach to the MSMEs being feasible to be helped without having to own collateral,” he said.

Non-collateral loans, according to him, were designed for the small and micro entrepreneurs in order they could obtain capital. Nevertheless, the management of the noncollateral loans was recognized to require attention and special team so that the quality could be well maintained. “More than 120,000 borrowers from Aceh to Papua have become our customers. Our products are diverse, ranging from the loans with collateral to the one without collateral. We provide credit ranging from IDR 5 million to IDR 50 million,” he explained. (kmb27)

IBP/Eka Adhiyasa

Financial literacy rate among the players of Micro, Small and Medium Enterprises (MSMEs) remains low. Based on the survey of the Financial Services Authority (OJK), the literacy rate of the MSMEs reaches only 16 percent.


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