Thousands of business groups that are considered eligible to receive support will receive tax incentives amounting to Rp123.01 trillion, Minister of Finance Sri Mulyani has announced. “Tax incentive is a form of support to the business sector as one of sectors most affected by the COVID-19 pandemic,” Sri Mulyani said, Wednesday (3/6). The tax incentives, […]
In a bid to stimulate the country’s economic recovery, Indonesian central bank Bank Indonesia (BI) has announced it is coordinating and working in synergy with Ministry of Finance and the Financial Services Authority (OJK). According to BI Governor Perry Warjiyo, one of the measures is by establishing policies aimed at supporting the sustainability and the […]
The Government has announced that distribution of Direct Cash Assistance (BLT) sourced from Village Fund has reached 69,443 villages or 93 percent of 74,953 villages, according to Minister of Villages, Disadvantaged Regions, and Transmigration The Minister made the statement on Tuesday (2/6) after surprise inspection of the distribution of Direct Cash Assistance (BLT) sourced from […]
In a bid to protect businesses of Micro, Small, and Medium Enterprises (MSME), the Government will provide interest subsidies and placement of funds program. “All schemes of economic recovery programs will be included in the amendment to Presidential Regulation on the State Budget posture, including interest subsidies for MSMEs worth Rp35.28 trillion,” Minister of Finance […]
Minister of Finance Sri Mulyani Indrawati has said that the Government provides Rp677.2 trillion for COVID-19 handling. The provision will be stipulated in the amendment to Presidential Regulation Number 54 of 2020. The Minister explained that the funding will be provided for the following sectors: First, health sector, with the budget of Rp87.55 trillion. “This […]
In a bid to recover the severely hit public health and economic sectors, the Indonesian Government aims to implement the National Economic Recovery (PEN) Program. “This national economic recovery program is an extraordinary measure as referred to in Government Regulation in Lieu of Law (Perppu) Number 1 of 2020 which is now (stipulated as) Law […]
The Government has announced it will extend the period of social assistance programs until December this year. According to Minister of Finance Sri Mulyani Indrawati, the programs aim at supporting the people and improving their purchasing power which has waned due to layoffs during the pandemic and the decline in economic activities at the grassroot […]
Following the cancellation of the 1441 Hijri/2020 AD hajj pilgrimage due to ongoing COVID-19 pandemic, the Government has issued regulation on hajj cost final payment reimbursement. “Hajj pilgrims who are not able to go on hajj pilgrimage this year may submit an application for hajj cost final payment reimbursement,” Ministry of Religious Affairs’ Director of […]
Economic recovery programs must be carried out prudently, transparently, accountably and be able to prevent moral hazard risks, President Joko “Jokowi” Widodo has said. “For that matter, I have ordered the Attorney General, the Financial and Development Supervisory Agency (BPKP), the Government Goods / Services Procurement Policy Agency (LKPP) to assist those programs. Furthermore, the […]
The Government continues to renew its commitment to develop excellent human resources particularly in teaching and learning activities during the new normal through development of educational infrastructure. To that end, the Government recently resumed the construction of a laboratory building and an electrical workshop of Padang State Polytechnic in West Sumatra province whose constructions discontinued […]
