INDONESIA: Second Economic Relief Package Announced

On 29 September, the Indonesian Government announced its second economic package after the first package, announced on the 9th, failed to prevent mass layoffs and a devaluation of the Rupiah. The policy includes a stimulus package in the hopes of speeding up industrial investment and tax reductions for investments. Should this policy fail to head off Indonesia’s economic downturn, the government will most likely take stronger measures to ensure stability that could have regional economic impact.

[Drew Coughlin, drew.coughlin.ee@gmail.com]