NTT Hosts MSMB and Palm Oil Exhibition: Focus on Growth and Financing

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Governor in duty of NTT, Ayodhia G.L. Kalake, Officially Inaugurates MSMB and Palm Oil Exhibition: Aimed at Developing MSMB. inpalm oil magazinePhoto by: Special

PALMOILMAGAZINE, KUPANG – Marciana Dominika Jone, Head of Legal Service representing the Head of the Ministry of Legal and Human Rights, Nusa Tenggara Timur (NTT), attended the opening ceremony of the Micro, Small, and Medium Business (MSMB) and Palm Oil Exhibition at Lippo Plaza, Kupang, NTT.

The event will take place from 5 to 7 July 2024, initiated by the representative of the Ministry of Finance NTT in collaboration with the Ministry of Finance and the Palm Oil Plantation Fund Management Agency (PFMA).

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The event was officially inaugurated by Ayodhia G.L. Kalake, the acting Governor of NTT. The first day featured an MSMB exhibition, a talk show about palm oil MSMBs, and discussions on financing for MSMBs.

Also Read: Ministry of Agriculture Presents Indonesia Sustainable Palm Oil Practices at FONAP in Germany

In his speech, Ayodhia emphasized that NTT Province is committed to improving the quality and quantity of MSMBs in the region. According to data from the MSMB and Cooperation Agency NTT, in 2023, there were 98,270 MSMBs across 22 regencies/cities, with 60 percent being new enterprises.

“Some basic issues that MSMB were facing in NTT would be about capital, marketing, production tools, and limited competence or skills of the actors,” Ayodhia said, as quoted from the official page of Ministry of Legal and Human Rights, NTT Province, Sunday (7/7/2024).

To solve those, the government would escalate the access for them in capital, training, and technology adoption. Besides, NTT would cooperate with the central government, Enterprise, Indonesian Chambers, the private sectors, academy, Ministry of Legal and Human Rights in order to get Intellectual Rights on MSMB brands and geographic indication.

Head of General Directorate of Treasury NTT Province, Catur Ariyanto Widodo said that, at least, 22 MSMB developed by Ministry of Finance, were taken and involved in MSMB and Palm Oil Exhibition NTT Province. Dewan Kerajinan Nasional NTT also supported to promote the mainstay products from the province in the event. “It is hoped, palm oil in NTT would get the positive perception and develop MSMB in the province well,” he said.

Catur continued, MSMB development program would be the same with the national – scale policy. In 2024, Ministry of Finance planned (to conduct the same event) with the theme “Kemenkeu Satu Mendukung UMKM Naik Kelas Melalui Digitalisasi dan Globalisasi Menuju Indonesia Maju” that would cover MSMB development programs.

It would be encouraging MSMB to join digipay and e-catalogue ecosystem, understand the tax report process, product certification, export training to support MSMB to get international scale – trade, optimize the site ‘’ to sell MSMB products. It would be also to escalate cooperation, synergy, collaboration with other government instances and private sectors. (T2)

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