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Jakarta Post

Indonesia to launch second, ‘bigger’ stimulus to cushion virus impact

  • Riska Rahman, Adrian Wail Akhlas, Marchio Irfan Gorbiano and Esther Samboh

    The Jakarta Post

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Jakarta   /   Thu, March 5, 2020   /  08:11 am
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The loading and unloading facilities at the Jakarta International Container Terminal (JICT), Tanjung Priok, North Jakarta. (Antara/Dhemas Reviyanto)

The government is working to finalize eight measures that will be incorporated in a second stimulus package aimed at easing rules for exports and imports as supply chains continue to be disrupted by the spread of coronavirus. Coordinating Economic Minister Airlangga Hartarto said in Jakarta on Wednesday that the stimulus would be “bigger” than the first one. “Trade easing will be expanded to keep the momentum of boosting exports,” Airlangga said in Jakarta. “We are also working to relax the income tax and import duty to boost production.” The measure follows the unveiling of a Rp 10.3 trillion (US$725 million) stimulus package last week to support consumer spending and tourism. Airlangga said the second stimulus package would be worth more than Rp 10 trillion, adding that the government would announce the new stimulus package soon...