Indonesia to shore up economy with US$8bil stimulus amid Covid-19


Indonesian President Joko Widodo (left) inspects Jakarta International airport in Tangerang on Friday (March 13) on its preparation to fight against any spread of the coronavirus. Indonesia has prepared a stimulus package worth 120 trillion rupiahs (US$8.1 bill) to accelerate the economic growth to counter the challenges of the outbreak. - AFP

JAKARTA: Indonesia has prepared a stimulus package worth 120 trillion rupiahs (US$8.1 bill) to accelerate the economic growth to counter the challenges of the Covid-19 (coronavirus) outbreak, the country's finance minister said on Friday (March 13).

Indonesian Finance Minister Sri Mulyani Indrawati pointed out that the package constitutes 0.8% of the country's gross domestic product (GDP) and it will be used to shore up the economic growth which has been slowing down since recently.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , Stimulus Package , Covid-19

Next In Regional

Asia-Pacific rides AI boom to unlock tech-empowered growth, cooperation momentum in 2025
China delays plans for mass production of self-driving cars after accident
As US battles China on AI, some companies choose Chinese
Does China have a robot bubble?
Social app RedNote expanding beyond China despite privacy concerns
China's smaller manufacturers look to catch the automation wave
China public servants use face masks to bypass facial recognition to help each other skip work
Taiwan RedNote ban backfires, driving mainland Chinese app’s top download rise
Chinese smart glasses firms eye overseas conquest
India says mandatory phone app can be deleted after backlash

Others Also Read