Indonesia announces stimulus on tourism to avoid further contraction

Indonesia on Tuesday (Feb 25) announced a stimulus package for the tourism sector with an aim to avoid further contraction. The package comprises tax exemptions for hotels and restaurants in 10 tourism destinations, and discounted airline tickets for travellers, Indonesian Finance Minister Sri Mulyani Indrawati said. - Bloomberg

JAKARTA: Indonesia on Tuesday (Feb 25) announced a stimulus package for the tourism sector with an aim to avoid further contraction.

The package comprises tax exemptions for hotels and restaurants in 10 tourism destinations, and discounted airline tickets for travellers, Indonesian Finance Minister Sri Mulyani Indrawati said.