Indonesia to unveil 3rd batch of economic stimulus steps next week: cabinet secretary

Indonesia will announce a third batch of stimulus measures next week as it continues efforts to attract investors and revive economic growth.
Indonesia will announce a third batch of stimulus measures next week as it continues efforts to attract investors and revive economic growth.PHOTO: AFP

JAKARTA (REUTERS) - Indonesia will announce a third batch of stimulus measures next week as it continues efforts to attract investors and revive economic growth, the cabinet secretary said on Thursday.

The announcement will include more measures to shorten the time investors need to obtain permits, Pramono Anung said in a statement on the website of the cabinet secretary's office.

In the second batch of measures announced on Tuesday, the government promised to act on applications for investment permits in industrial zones in no more than three hours.

Pramono said the third batch will put some regulations of regional governments in sync with national ones. Indonesia's government "decentralization" policies to give more power to provinces and local governments has often created a bureaucratic nightmare for investors.