n last-minute changes to a planned consumer stimulus package for June and July, the government has canceled an electricity discount but doubled wage subsidies. Finance Minister Sri Mulyani Indrawati revealed in a press conference on Monday that the wage subsidies for low-income earners would double from Rp 150,000 (US$9)… Source link
n 2024, Indonesia experienced a slowdown in inflation, reaching a record low of 1.57 percent. While this indicates price stability, it also signals the need for greater stimulus to sustain economic growth. One of the most affected sectors is labor-intensive industries, which require substantial support to maintain competitiveness and ensure business continuity. To address this, … Read more
Jakarta. Consumer spending ahead of Eid al-Fitr 2025 has declined compared to the previous year, with a predicted slowdown in cash circulation due to fewer travelers. The Transportation Ministry estimates that this year’s Eid travelers will reach 146.48 million people, a 24 percent drop from last year’s 193.6 million travelers. Meanwhile, the Indonesian Chamber of Commerce and … Read more