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fiscal-stimulus

Government allocates $8b to stimulate economy as businesses, workers suffer from COVID-19 impacts
Business 6 years ago

Government allocates $8b to stimulate economy as businesses, workers suffer from COVID-19 impacts

The government announced on Friday a second and bigger stimulus package worth Rp 22.9 trillion (US$1.5 billion).
Indonesia relaxes trade rules to cushion COVID-19 effects
Business 6 years ago

Indonesia relaxes trade rules to cushion COVID-19 effects

Finance Minister Sri Mulyani Indrawati said on Wednesday that the government plans to reduce the number of restricted import goods by up to 50 percent to spur business activities that have been hurt by the COVID-19 pandemic. As many as 749 harmonized system codes are to be scrapped, she added.
Indonesia set to delay import duties, corporate income tax payments to cope with virus effects
Business 6 years ago

Indonesia set to delay import duties, corporate income tax payments to cope with virus effects

Coordinating Economic Minister Airlangga Hartarto said the fiscal stimulus aimed to stimulate manufacturing activity. 
Bank Indonesia spends Rp 110t to stabilize markets as virus stokes sell-off
Business 6 years ago

Bank Indonesia spends Rp 110t to stabilize markets as virus stokes sell-off

BI recorded a foreign outflow of about Rp 31.76 trillion (US$2.19 billion) worth of government bonds and Rp 4.87 trillion worth of stocks so far this year.
Forbearance for debtors
Editorial 6 years ago

Forbearance for debtors

The fiscal stimulus from the Finance Ministry will help the hardest-hit sector of tourism and its related businesses, which are all labor-intensive, and protect the purchasing power of the poorest segment of the people.
Indonesia's domestically driven economy could be blessing in disguise amid outbreak: ADB
Business 6 years ago

Indonesia's domestically driven economy could be blessing in disguise amid outbreak: ADB

Indonesia's place outside the global supply chain might just help it rise above the tide of the global outbreak, comparatively speaking.
Indonesia to launch second, ‘bigger’ stimulus to cushion virus impact
Business 6 years ago

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

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.
Indonesia undertakes monetary, fiscal measures to fight effects of virus
Business 6 years ago

PREMIUM
Indonesia undertakes monetary, fiscal measures to fight effects of virus

BI revised down Indonesia’s economic growth projection to between 5 and 5.4 percent this year.
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