Next week Indonesian authorities start to exempt various goods from the country’s luxury tax in an effort to boost consumption in Indonesia’s slowing economy. Today (12/06), Indonesian Finance Minister Bambang Brodjonegoro said that the government aims to boost Indonesians’ purchasing power, industrial growth and to reduce consumers’ tendency to purchase goods abroad by scrapping the luxury goods sales tax for various products. Secondly, Indonesia will halve lending rates for some small businesses.
Update COVID-19 in Indonesia: 1,298,608 confirmed infections, 35,014 deaths (23 February 2021)
23 February 2021 (closed)
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