INDONESIA

The Indonesian government recently announced another round of stimulus policies, which followed an initial round of support specifically targeting travel and tourism industries and mortgage subsidies.

The new round, reportedly valued at US$8 billion, delivers an exemption of income taxes for manufacturing sector workers for six months, along with a 30 percent corporate tax rate deduction for a period of six months. Meanwhile, the government has also eased regulations allowing for more lending to small and medium sized businesses.

To learn more about the Indonesian government response to the economic recovery from COVID, visit theirofficial website.