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Jakarta Post

Another stimulus package prepared for manufacturing industry as coronavirus spreads

  • Riska Rahman, Adrian Wail Akhlas and Marchio Irfan Gorbiano

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, March 4, 2020   /  12:02 pm
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Hospital staff and Visitors wears mask at Sulianti Saroso Infection Hospital (RSPI Sulianti Suroso) isolation building in Jakarta on Monday, March 2, 2020.(JP/Seto Wardhana)

The government will soon launch another stimulus package to ensure a smooth supply of raw materials for the country’s manufacturing sector amid the widespread impacts of the coronavirus on the global market. Finance Minister Sri Mulyani Indrawati said in Jakarta on Monday that the government would ease import requirements of raw materials for the country’s manufacturers as the disruption of the supply chain from China due to COVID-19 had begun to affect the country’s manufacturing sector. The outbreak, which emerged in the Chinese city of Wuhan, prompted the Chinese government to limit economic and factory activities in the country, resulting in a disrupted flow of goods to other parts of the world, including Indonesia. “About 20 percent to 30 percent of the raw materials for the country’s industries engaged in plastic, textile and steel production ...