Indonesia to cut transport and power prices to spur consumption


JAKARTA (Bloomberg): Indonesia will cut transport and power costs and deliver other stimulus in June and July in an effort to boost household spending and rekindle economic growth.

The government will provide discounts on train, plane and ferry tickets during the school holiday period, as well as toll road fee reductions targeting about 110 million drivers, the Coordinating Economic Affairs Ministry said in a statement Saturday.

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Indonesia , Cut , Transport , Power Prices , Boost , Spending , People

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