Indonesia braces for high inflation


Timely aid: Vendors sell fish at a traditional market in Tangerang, west of Jakarta. The Indonesian government launched a wage subsidy for 8.8 million low-income workers this week. — AFP

JAKARTA: The government has rolled out new social aid programmes and is restructuring the state budget to cushion the effect of soaring consumer prices on low-income Indonesians.

The Office of the Coordinating Economic Minister launched a wage subsidy for 8.8 million low-income workers this week, as well as cash aid for 12 million micro, small and medium enterprises and direct cash transfers for cooking oil for 23 million homes and small businesses.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

IT buoys GDEX’s confidence
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact
Powering on data centres

Others Also Read