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View all search resultsIndonesian businesses have lauded the government’s recent decision to end the national COVID-19 state of emergency, saying the move will expedite the economic recovery from the pandemic, but some experts predict little change, noting that most of the economically significant restrictions were relaxed months ago.
The Indonesian Chamber of Commerce and Industry (Kadin) expects manufacturers to hold back on imports of raw materials and capital goods amid reduced confidence about business prospects following the recent surge in coronavirus cases and deaths.
The government has spent nearly half of the Rp 96.17 trillion (US$6.7 billion) healthcare budget allocated in the coronavirus stimulus as patients overwhelm hospitals and people struggle to get tested.
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