OJK: US Reciprocal Tariff Policy Potentially Suppress Export Performance And Increase Financing Risks
JAKARTA - The Financial Services Authority (OJK) revealed that the tariff policy implemented by the President of the United States (US) Donald Trump has the potential to suppress the performance of export-oriented industries to the United States, especially in the textile, rubber, electrical equipment, food and fisheries sectors.
Chief Executive of the Supervision of Financing Institutions, Ventura Capital Companies, Micro Financial Institutions, and Other Financial Services Institutions OJK Agusman said that this impact could also be felt by PVML financing institutions that fund these sectors, due to the increasing risk of financing.
"This impact also has the potential to be felt by PVML financing institutions that fund these sectors, because the risk of financing can increase," he said in his statement, Thursday, April 17.
For this reason, Agusman said that industry players need to prepare mitigation steps, including through effective risk assessments, diversification of financing portfolios, and strengthening liquidity.
In addition, he conveyed that based on data from the Annual Business Plan (RBT) of the Ventural Capital Company for the 2025 period, the financing/purchase of venture capital is estimated to increase by 3.72 percent on an annual basis or year on year (yoy) or in the range of 3 percent to 4 percent (yoy).
"The development of business activities will be concentrated in the real sector," he said.
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Agusman said that in order to develop and strengthen the position of the venture capital industry, OJK has issued POJK Number 25 of 2023 concerning the Implementation of Venture Capital Venture Corporation (VDC) or Venture Debt Corporation (VDC).
According to him, with the clusterization, it is hoped that PMV/S can be more focused and optimal in carrying out business activities according to the line of business chosen.
In addition, Agusman said that the OJK had also launched the Roadmap for the Development and Strengthening of the 2024-2028 Ventura Capital Company, which guides the direction of industrial development and strengthening, including to increase the value of PMV/S participation/financing.