Policy package to expand to 18 real sectors has been reported to President Joko “Jokowi” Widodo in a Limited Meeting, Wednesday (22/4), according to Coordinating Minister for Economic Affairs Airlangga Hartarto. “(The Limited Meeting) has decided several stimulus regarding Smallholder Business Credit (KUR), state-owned community development institution (PNM), and state-owned pawnshop Pengadaian which will be […]

Relaxation in the form of interest or principal subsidies is aimed at preventing bad debts and restructuring will follow, Coordinating Minister for Economic Affairs Airlangga Hartarto said. “Newly announced stimulus in the form of sector expansion is part of the safety net program for economic sector worth Rp70 trillion,” Airlangga said during a press statement […]

The Government will amend Minister of Finance Regulation Number 23 of 2020 that regulates tax incentives for manufacturing industry subsectors, according to Minister of Finance Sri Mulyani. “We hope it will be completed soon. We hope the draft will be synchronized this week,” the Minister said in a press conference after a Limited Cabinet Meeting, […]

Ministry of Public Works and Public Housing undertakes budget reallocation and program refocusing to the 2020 budget in order to accelerate the handling of COVID-19 pandemic. From the initial budget execution lists (DIPA) 2020 amounting Rp120.2 trillion, Rp44.58 trillion was allocated, so that the current budget of the Ministry reaches Rp75.63 trillion. The measure, – […]

Measures taken to mitigate the impact of COVID-19 on the real sector are very important, President Joko “Jokowi” Widodo said. “Real sector is hardest-hit by the COVID-19 outbreak, which also affects all sectors and all socioeconomic segments of our society,” the President said in his introductory remarks at a limited meeting through a video conference, […]

The Government policy to ban mudik (annual exodus ahead of Eid al-Fitr) will apply as of Friday, 24 April  2020 and sanctions will be enforced from 7 May 2020, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan, who is also Minister of Transportation Ad Interim, has said. “The Government’s strategy is a gradual […]

In a bid to ensure the safety and security of healthcare professionals on the frontline amid the ongoing coronavirus pandemic, the Government has announced plan to provide financial incentives by re-focusing the Non-Physical special allocation fund (DAK) to Operational Health Aid (BOK) funds. Ministry of Finance’s Directorate General of Fiscal Balance has increased the budget […]

Ministry of Finance has announced it will provide relaxation for regional governments in distributing revenue sharing funds (DBH) for the current year and the 2019 DBH underpayment for the handling of COVID-19. The measure, it said, is aimed at protecting the regions from economic repercussions due to the pandemic. DBH facilities for regional governments are […]

Rice stock and food supplies are sufficient during this year’s fasting month Ramadan and Eid el Fitr, Coordinating Minister for Economic Affairs Airlangga Hartarto has ensured. “Other commodities such as corn and shallots are also available,” the Minister said during a press statement after a limited meeting through a video conference, Tuesday (21/4). According to […]

President Joko “Jokowi” Widodo on Tuesday (21/4) gives several anticipatory measures to meet people’s demand for staple foods considering the Food and Agriculture Organization (FAO) had warned that the COVID-19 pandemic will bring global food crisis. “Therefore, all countries particularly rice producing countries will prioritize their own needs, their domestic demand for staple food. In […]