JAKARTA (Bloomberg): Indonesia unveiled a raft of fiscal incentives for its tourism, airline and housing sectors hit by the outbreak of the deadly coronavirus, broadening efforts to bolster growth in Southeast Asia’s largest economy.
The government will waive taxes on hotels and restaurants in the nation’s top 10 tourist destinations for a three-month period starting March 1, Coordinating Minister for Economy Airlangga Hartarto told reporters in Jakarta after a cabinet meeting.
State-run oil behemoth PT Pertamina will sell jet fuel at concessional rates to airlines to enable them offer a 30% discount on a quarter of their seats to these destinations, Finance Minister Sri Mulyani Indrawati said.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
