Indonesian President Joko Widodo himself will unveil the package at the Indonesia Stock Exchange building in Jakarta where he is scheduled to witness an event. Widodo will only present a general outline of the new economic policy package, while Nasution is expected to provide more details in a separate event later on Thursday (31/08).

The package will deal with the single submission of permit documents in a bid to curtail the long bureaucratic process (red tape).

Economic Stimulus Packages of the Indonesian Government:

Package Unveiled Main Points
1st 9 September
2015
• Boost industrial competitiveness through deregulation
• Curtail red tape
• Enhance law enforcement & business certainty
2nd 30 September
2015
• Interest rate tax cuts for exporters
• Speed up investment licensing for investment in industrial estates
• Relaxation import taxes on capital goods in industrial estates & aviation
3rd 7 October
2015
• Cut energy tariffs for labor-intensive industries
4th 15 October
2015
• Fixed formula to determine increases in labor wages
• Soft micro loans for >30 small & medium, export-oriented, labor-intensive businesses
5th 22 October
2015
• Tax incentive for asset revaluation
• Scrap double taxation on real estate investment trusts
• Deregulation in Islamic banking
6th 5 November
2015
• Tax incentives for investment in special economic zones
7th 4 December
2015
• Waive income tax for workers in the nation's labor-intensive industries
• Free leasehold certificates for street vendors operating in 34 state-owned designated areas
8th 21 December
2015
• Scrap income tax for 21 categories of airplane spare parts
• Incentives for the development of oil refineries by the private sector
• One-map policy to harmonize the utilization of land
9th 27 January
2016
• Single billing system for port services conducted by SOEs
• Integrate National Single Window system with 'inaportnet' system
• Mandatory use of Indonesian rupiah for payments related to transportation activities
• Remove price difference between private commercial and state postal services
10th 11 February
2016
• Removing foreign ownership cap on 35 businesses
• Protecting small & medium enterprises as well as cooperatives
11th 29 March
2016
• Lower tax rate on property acquired by local real estate investment trusts
• Harmonization of customs checks at ports (to curtail dwell time)
• Government subsidizes loans for export-oriented small & medium enterprises
• Roadmap for the pharmaceutical industry
12th 28 April
2016
• Enhancing the ease of doing business in Indonesia by cutting procedures, permits and costs
13th 24 August
2016
• Deregulation for residential property projects for low-income families
14th 10 November
2016
• Creating a roadmap for the nation's e-commerce industry:
- easing and widening access to funding
- offer tax incentives
- harmonize regulations and gradually develop a national payment gateway
- promote e-commerce awareness campaigns and improve e-commerce education
- accelerate the development of high-speed broadband network
- improve the e-commerce logistics system
15th 15 June 2017 • Improving Indonesia's logistics:
- enhance the role of transportation insurance
- reduce costs for logistic service providers
- strengthen the Indonesia National Single Window (INSW) authority
- reduce the number of prohibited and restricted goods

Bahas