Indonesia plans new stimulus package to counter virus threat

JAKARTA (Bloomberg): Indonesia is working on a second stimulus package to shore up Southeast Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets.

A new tranche of fiscal measures would be "sizeable” and "bigger” than the first one of 10.3 trillion rupiah (US$725mil) announced last week, Coordinating Minister for the Economy Airlangga Hartarto said in an interview Monday.