The government will eliminate the import duty for materials needed to develop a vaccine for COVID-19 and allocate Rp 1 trillion (US$67.04 million) for related medical needs, as the number of infections experienced a recent spike in Indonesia and hospitals struggle to cope with the virus. “We will remove the import duty for materials needed in […]
Read MoreIndonesia has officially announced a second stimulus package and has vowed to set aside a chunk of its state budget to support the country’s economy against the backdrop of the COVID-19 outbreak, providing some relief to a battered stock market and rupiah. The government announced on Friday that it would allocate Rp 120 trillion (US$8.1 […]
Read MoreThe government is speeding up the disbursement of training funds for workers on top of announcing individual and corporate tax breaks, as well as relaxing import restrictions to cushion the economy from the COVID-19 pandemic. Presidential Regulation No. 36/2020, issued last week, will expedite the government’s preemployment card initiative, which will subsidize training programs for […]
Read MoreBank Indonesia (BI) is holding a National QRIS Week event across Indonesia to promote cashless transactions among small businesses using its Quick Response Indonesia Standard (QRIS) code system. During the one-week event, which ends March 15, the central bank will disseminate information on the technical details of the QRIS system and the registration process for […]
Read MoreWorkers in the manufacturing industry will not have to pay income taxes for six months as the government has announced measures to shield the economy from weakening economic activity against the backdrop of the coronavirus pandemic. Finance Minister Sri Mulyani Indrawati said the move to temporarily exempt manufacturing workers from income tax payment (PPh 21) took […]
Read More[JAKARTA] Indonesian Finance Minister Sri Mulyani Indrawati said on Tuesday that authorities are prepared to use all measures they implemented during the 2008 global financial crisis to stabilise financial markets. The options include buying back government bonds, she told reporters. “We will guard the market mechanism so its integrity remains intact, while preventing excessive profit-taking […]
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Thailand
