The ultra-micro economy is women’s economy. Of the 63 million ultra-micro business actors, the majority are women. They are more resilient in facing the storm of the f inancial crisis. In the large business segment, many women have succeeded in reaching the top. Of the 1,928 board of directors seats in 489 financial institutions and BUMN, 362 seats or 18.78% are occupied by women. Among the 1,602 commissioner seats, 224 or 13.98 percent are occupied by women. They sit in the f inancial services sector, state-owned companies, and public institutions.
Sumber: Infobank
The Indonesian economy is not doing well. Market confidence has plummeted, causing the Composite Stock Price Index (IHSG) to collapse 6.12% to IDR 6,076,081 in trading session I on March 18, 2025 until trading was temporarily closed. The massive investor sell-off not only destroyed the JCI (IDX Composite), but also increased the yield on 10-year Government Securities (SBN) which reached 7.05%, or up from the previous day’s trading at 6.99%.
The rupiah exchange rate continued to plummet to Rp 16,580 per US$1 until this article was written on March 19, 2025. That was the lowest value after the 1998 monetary crisis which reached Rp 16,650 per US$1. Compared to the initial position in 2024 of Rp 15,390 per US$1, the rupiah exchange rate fell by 7.21%. Businessmen were also miserable, especially the manufacturing sector which received two blows. One, the burden of rising costs due to imported raw materials. Two, declining sales due to weak market demand. The middle class that determines market demand has fallen by 10 million people over the past five years.
