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10th economic package to be announced next week
Forthcoming stimuli: Economic Coordinating Minister Darmin Nasution introduces the third economic policy package at his office in Jakarta on October 15, 2015
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Forthcoming stimuli: Economic Coordinating Minister Darmin Nasution introduces the third economic policy package at his office in Jakarta on October 15, 2015. President Joko Widodo plans to announce a tenth economic policy package before departing to the US next week for the ASEAN-US Summit. (Tempo/Subekti) (Tempo/Subekti)
F
span class="inline inline-center">Forthcoming stimuli: Economic Coordinating Minister Darmin Nasution introduces the third economic policy package at his office in Jakarta on October 15, 2015. President Joko Widodo plans to announce a tenth economic policy package before departing to the US next week for the ASEAN-US Summit. (Tempo/Subekti)
The government plans to announce its tenth economic policy package next week,
before President Joko "Jokowi" Widodo leaves the country to attend the
ASEAN-US Summit in the US from Feb. 15 - 16.
Over the past two months, Indonesians have expressed concern over the risk of rising
unemployment, as some big corporations have announced plan to cut jobs, including
Chevron Pacific Indonesia, Ford Indonesia, Panasonic Lighting and Toshiba
Indonesia.
"Before the President departs to the US, we will announce the tenth
economic policy package that the public is anticipating," Cabinet
Secretary Pramono Anung said at the Presidential Palace on Thursday as quoted by the
Antara news agency.
In the ninth package, the government announced measures to stabilize meat prices
and improve logistics between villages and cities in an effort to tame price volatility
and inflation.
Amid the oil price slump, Chevron Pacific Indonesia, the local subsidiary of
the US oil company, announced plans to dismiss 1,500 employees between January
and April. The news came just days after US car manufacturer Ford made public
its decision to stop producing and selling cars in Indonesia.
The latest shock came from Japanese electronics giants Panasonic and Toshiba,
which, according to the Confederation of Indonesian Workers' Union (KSPI), plan
to shut down factories and trim around 2,000 jobs in Indonesia. (ags)
