Indonesia to announce new economic stimulus measures next week: VP

Indonesia will announce next week a new set of economic stimulus measures that will include tax incentives, vice president Jusuf Kalla said on Tuesday (Oct 27).
Indonesia will announce next week a new set of economic stimulus measures that will include tax incentives, vice president Jusuf Kalla said on Tuesday (Oct 27).PHOTO: AFP

JAKARTA (REUTERS) - Indonesia will announce next week a new set of economic stimulus measures that will include tax incentives to attract much-needed investment in Southeast Asia's largest economy, the vice president said on Tuesday (Oct 27).

"Next week we will announce some policies to make investment, domestic or foreign, more efficient," Jusuf Kalla told Reuters in an interview in his Jakarta office.

President Joko Widodo's administration has regularly rolled out a series of stimulus measures since Sept, including lowering energy prices, cutting red tape and reforming the minimum wage formula.

During the second quarter, annual economic growth slowed to 4.67 per cent, the lowest rate in six years.

Kalla also said discussions of another cabinet reshuffle were "not at a very serious level yet". The president reshuffled his cabinet in Aug less than a year into office.