The Indonesian government is rolling out a 641.17 trillion rupiah (43 billion USD) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs).
The Indonesian government should increase economic recovery spending to 600 trillion Rp (40.17 billion USD) to help domestic businesses cope with the economic impacts of COVID-19, according to the Indonesian Chamber of Commerce and Industry (Kadin).
Indonesia will require big internet companies to pay value-added taxes (VAT) on sales of digital products and services from July as part of efforts to boost revenue amid the coronavirus pandemic, according to a tax official of the country.
State-owned lender Bank Rakyat Indonesia (BRI), in cooperation with ride-hailing service provider Grab, has launched a low-interest loan facility for the latter’s drivers and merchant partners who have been impacted by the COVID-19 pandemic.
Thailand’s Tourism and Sports Ministry is aiming high for 100 million domestic trips this year as the international travel market will not be likely to return to normal soon because of the COVID-19.
The Indonesia government will issue a stimulus package worth 25 trillion Rp (1.68 billion USD) to recover the local tourism industry after the COVID-19 pandemic.
The Indonesian Government on May 11 released a regulation on an economic recovery programme worth 318 trillion Rp (21.28 billion USD) which focuses on capital injections for State-owned enterprises and loan subsidies for small businesses, among others.
Indonesia’s National Disaster Management Agency (BNPB) is setting up mobile laboratories at airports, seaports and border checkpoints around the country to test arrivals for COVID-19.
The Indonesian Deposit Insurance Corporation (IDIC) has decided not to collect the guarantee premium from banks in the second half of 2020 to help the industry manage its cash flow in the midst of COVID-19.
Indonesian President Joko Widodo assessed the implementation of the large-scale social restrictions (PSBB) policy to curb the spread of the COVID-19 during a meeting held via teleconference on May 12.
The COVID-19 pandemic has left millions of Indonesians struggling to make ends meet. Now the local authorities are rolling out “rice ATMs” in a bid to ensure greater access for those in need to the essential staple.
An aircraft operated by the Mission Aviation Fellowship (MAF) has crashed into Sentani Lake in Indonesia’s Papua province, killing its pilot, local police said on May 12.
Indonesian citizens aged 45 and under may be allowed to resume working because they are not prone to the COVID-19, according to head of the country's COVID-19 task force Doni Monardo.
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