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fiscal-stimulus

Govt banks on consumer stimulus to reach 5% growth
Economy 9 months ago

PREMIUM
Govt banks on consumer stimulus to reach 5% growth

The government has announced a new stimulus package to support consumer spending in the second quarter and lift GDP growth to 5 percent after a disappointing first quarter.
Falling behind on green targets, Indonesia prepares stimulus for energy, farming
Business 4 years ago

PREMIUM
Falling behind on green targets, Indonesia prepares stimulus for energy, farming

The stimulus will be part of the country's coronavirus relief fund.  
In nod to grim US outlook, Fed's Powell calls for more fiscal support
Business 5 years ago

In nod to grim US outlook, Fed's Powell calls for more fiscal support

“There is a sense, growing sense I think, that the recovery may come more slowly than we would like. But it will come, and that may mean that it’s necessary for us to do more," Fed chair Jerome Powell said.
India to provide $266 billion to boost pandemic-hit economy
Business 5 years ago

India to provide $266 billion to boost pandemic-hit economy

Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus.
Indonesia records first-quarter budget deficit of $4.9b
Business 5 years ago

Indonesia records first-quarter budget deficit of $4.9b

Indonesia’s state budget deficit fell to Rp 76.4 trillion (US$4.94 billion) in the first quarter of 2020 as revenue grew significantly from a year earlier while spending growth slowed, Finance Ministry data show.
Indonesia’s COVID-19 stimulus worth 2.5% of GDP, lower than Singapore, Malaysia
Business 5 years ago

Indonesia’s COVID-19 stimulus worth 2.5% of GDP, lower than Singapore, Malaysia

The government has set aside Rp 436.1 trillion (US$26.36 billion) for the stimulus, equivalent to 2.5 percent of the country’s gross domestic product (GDP).
The same stimulus that rich countries lean on could worsen poor economies
Business 5 years ago

The same stimulus that rich countries lean on could worsen poor economies

Around 13 percent of all emerging-market corporate debt is dollar-denominated, down only slightly from 15 percent in 2009, IIF data show.
Gold heads for biggest weekly advance since 2008 after squeeze
Business 5 years ago

Gold heads for biggest weekly advance since 2008 after squeeze

Gold headed for the biggest weekly advance since 2008, rallying along with risk assets including equities, as investors weighed up the impact of massive monetary and fiscal stimulus for virus-hit economies and disruptions in the physical bullion market that have roiled trading.
Riau Islands governor calls for temporary closure of factories on Batam island
Business 5 years ago

Riau Islands governor calls for temporary closure of factories on Batam island

The Riau Islands administration declared a state of emergency on March 18 in the province to halt the spread of the novel coronavirus.
Indonesia deploys second stimulus amid market, rupiah routs
Business 5 years ago

Indonesia deploys second stimulus amid market, rupiah routs

Government deployed a second stimulus package, worth Rp 22.9 trillion, which includes individual and corporate tax breaks, a relaxation of loan disbursements and restructuring requirements.
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