TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia launches 16th economic package

Rachmadea Aisyah (The Jakarta Post)
Jakarta
Fri, November 16, 2018

Share This Article

Change Size

Indonesia launches 16th economic package Coordinating Economic Minister Darmin Nasution (JP/Wienda Parwitasari)

T

he government launched on Friday its 16th economic policy package to ensure the nation’s economic resilience through policy relaxations.

The package comprises three main points: an expansion of the tax holiday program, adjustment of the negative investment list (DNI) and the provision of tax incentives for the newly mandated conversion of export earnings to rupiah.

“We would like to maintain and keep encouraging investors to trust the Indonesian economy [through these relaxations],” Coordinating Economic Minister Darmin Nasution said during the launch at the Presidential Office as quoted in a press statement.

The government recorded Rp 14.4 trillion (US$986 million) in foreign capital entering Indonesia through government debt papers between January and November.

This has been taken as a sign of foreign investors’ confidence in Indonesia despite external pressures sparked by the United States’ monetary tightening, which had prompted investors to move their money to the country and pull their capital out of developing markets, the statement says. (bbn)

Editor's note: We have corrected this article.

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.