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Government Seeks to Attract Foreign Investment

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· 4 minutes read
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KOMPAS/WAWAN H PRABOWO

Coordinating Minister for the Economy Darmin Nasution announces the 16th Economic Policy Package at the Presidential Palace, Jakarta, on Friday (16/11/2018). Minister Darmin, who was accompanied by Finance Minister Sri Mulyani (left), Governor of Bank Indonesia Perry Warjiyo (third left) and Trade Minister Airlangga Hartarto (second right), explained that the government had renewed the economic policy to face the challenging global situation, which is marked by uncertainty and pressure.

JAKARTA, KOMPAS - The government launched a new economic package policy on Friday to attract more foreign investment into the country. In addition to resolving the structural problems of the economy, the new economic measures are expected to help cope with the impact of the global economic slowdown and financial turmoil in 2019.

The 16th economic policy package includes the expansion of facilities for corporate income tax reduction, or tax holidays, the relaxation of the negative investment lists (DNI) and a program to increase foreign exchange proceeds from the export of natural resources.

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