Indonesia Plans to Unveil Fresh Economic Measures

Jakarta, 24 Syawwal 1437/29 July 2016 (MINA) – The Indonesian government will launch economic stimulus packages within two weeks as the country is attempting to lure foreign investment and speed up economic expansion, Xinhua quoted an official as saying here on Thursday.

Economic Chief Minister Darmin Nasution said that there are three stimulus packages which have been prepared and ready for launching.

“Actually, we have two or three packages which have been ready (for launching)…but I still look for an appropriate time for it,” he said at Jakarta stock market.

However, the senior minister rejected to explain about the contents of the packages and did not give further detail whether they would be launched together.

President Joko Widodo has launched a raft of economic stimulus packages since September to woo foreign investment in the Southeast Asia’s largest economy.

Indonesia expects the economy to accelerate at a faster pace of 5.2 percent this year, from 4.79 percent last year, according to the finance ministry. (T/R07/R01)

Mi’raj Islamic News Agency (MINA)