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The government's plan to increase Value-Added Tax (VAT) can certainly put burden on the public's purchasing power
Minister Teten Masduki said the working capital aid for MSMEs or productive presidential aid has been distributed to 8.6 million MSMEs.
The fast-moving consumer goods (FMCG) company Unilever predicted that the consumer goods business would fully recover in the second semester of 2021.
Minister of National Development Planning or Bappenas Head Suharso Monoarfa says Indonesia will still face many challenges in 2021.
There is almost no doubt that Indonesia will fall into recession, economist says.
The government ensured the social assistance programs would continue until 2021 to maintain the people's purchasing power amid the pandemic.
The relaxation of the PSBB is considered insufficient to boost the public's purchasing power.
Public spending declines as household consumption slows over the social restriction against Covid-19.