Indonesia to announce new economic stimulus package in October: Media
JAKARTA (REUTERS) - Indonesia will announce a second fiscal stimulus package this month as part of efforts to cut a ballooning current account deficit, local media reported.
The government released a package of fiscal measures in August, when waning investor confidence in Indonesia was hammering its financial markets.
However, it has yet to make public details of some of those measures, including a promised new "negative investment list", setting out which areas are closed to foreign investment.
The rupiah has continued to fall and is now Asia's worst performing currency, having lost almost 17 percent of its value against the US dollar since the start of the year.