The ongoing COVID-19 pandemic has wrecked many sectors of the economy, including employment, President Joko “Jokowi” Widodo has said. “More than one million of informal workers are on unpaid leave, 375,000 formal workers were laid off, and other 315,000 informal workers are deeply affected by the pandemic,” the President said, Thursday (30/4). For that matter, […]

As part of the efforts to reduce the impact of the ongoing COVID-19 pandemic on Indonesia’s economy, the Government has announced it will provide subsidies for micro, small, and medium enterprises. According to Minister of Finance Sri Mulyani Indrawati, the measure is in accordance with a Government Regulation in Lieu of Law wherein the Government […]

In a bid to boost their performances, the Indonesian Government decided to subsidize Indonesian Micro, Small, and Medium Enterprises (MSMEs). “This also includes online MSMEs and cooperatives,” Coordinating Minister for Economic Affairs Airlangga Hartarto stated after a limited meeting, Wednesday (29/4). On its implementation, Airlangga stated that after the Government Regulation Bill (RPP) is ready […]

Workers who have been laid-off or suspended will be gradually included in the pre-employment card program in next 4-5 weeks. The statement was delivered by Coordinating Minister for the Economy Airlangga Hartarto after the Limited Cabinet Meeting, Thursday (30/4). Airlangga added that President Joko “Jokowi” Widodo has also instructed Governors to help business sectors affected […]

The Government continues to redouble efforts to protect and restore the nation’s economic condition amid the ongoing COVID-19 pandemic. For this matter, President Joko “Jokowi” Widodo during a limited meeting on Wednesday (29/4) highlighted the urgency to protect MSME actors from collapsing following the pandemic. “Among the economic assistances are special programs for ultra-micro and […]

The Government to provide interest subsidy for real sectors of the economy that are highly affected by the COVID-19 pandemic, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. “Restaurant and tourism sector are among the hardest hit by the pandemic, their year-on-year earnings continue to decline to 70 percent, while year-on-year earnings of other […]

The Government has announced it continues to reduce the number of uninhabitable houses (RTLH) across the country, including 3,500 homes in West Sulawesi through the Self-help Housing Stimulant Assistance Program (BSPS). Ministry of Public Works and Public Housing has allocated Rp4.35 trillion for the Self-help Housing Stimulant Assistance Program this year to improve the quality […]

Ministry of Public Works and Public Housing continues to monitor toll roads during the implementation of Large-Scale Social Restrictions (PSBB) policy. Government Regulation (PP) Number 21 of 2020 on Large-Scale Social Restrictions stipulates that 14 Toll Roads in Special Capital Region (DKI) Jakarta, Banten and West Java Provinces are subject to Large-Scale Social Restrictions to […]

In a bid to support countries in the efforts to tackle the impact of the COVID-19 pandemic, the Islamic Development Bank (IsDB) Group has launched a 3-R approach program for member countries with each component focusing on respond, restore and restart programs. According to Indonesian Minister of Finance Sri Mulyani Indrawati, the IsDB Group has […]

  The Government has announced adjustment in gas price for power plants operated by state-owned electricity company PT PLN to US$6 per million British thermal unit (mmbtu). The decision was based on Regulation of Minister of Energy and Mineral Resources Number 10 of 2020 on Amendment to Regulation of Minister of Energy and Mineral Resources […]