Jakarta, June 16 -- Indonesia's State-Owned Enterprises Regulatory Agency (BP BUMN) has designated manufacturing, natural resource downstreaming, infrastructure development, and micro, small, and medium enterprises (MSMEs) as priority financing sectors for state-owned banks.

"Financing support must continue to be directed toward productive sectors that can create jobs, enhance competitiveness, and generate tangible benefits for the public," BP BUMN Head Dony Oskaria said in a statement on Tuesday.

He added that sectors with strong multiplier effects on the national economy would also remain financing priorities for state-owned banks.

According to Dony, the priorities form part of the government's broader strategy to strengthen the bank...