Jakarta (VNA)🀅 – The Indonesian Government has rolled out an economic stimulus package worth 24.44 trillion IDR (nearly 1.53 billion USD) to maintain consumer purchasing power and stabilise the national economy.
The stimulus is strategically timed to coincide with the June–July school holiday season, aiming to boost consumption and economic growth. It includes measures ranging from transportation subsidies to social and employment support, Finance Minister Sri Mulyani Indrawati said on June 2.
To support people's travel, the Indonesian Government is reducing public transport fares, including a 30% discount on train tickets, a 6% exemption from value-added tax (VAT) on airfare, and a 50% discount on sea transportation fares.
The programme is estimated to cost around 0.94 trillion IDR and is being implemented with the participation of the Ministry of Finance, the Ministry of Transport, and the Ministry of State-Owned Enterprises.
Meanwhile, the Ministry of Public Works and Public Housing is coordinating a 20% discount on tolls, targeting around 110 million motorists. The initiative has a total estimated funding of 650 billion IDR and uses no state budget.
The government will also provide social assistance, comprising an additional basic food card worth 200,000 IDR per month and food aid of 10 kilograms of rice, for 18.3 million beneficiary families during the two months.
In the employment sector, the Ministry of Manpower and related agencies have distributed wage subsidy assistance to 17.3 million workers earning less than 5 million IDR per month. The total budget for this programme is 10.72 trillion IDR.
The Ministry of Finance will also reintroduce a 50% discount on work accident insurance contributions for workers in the labour-intensive sector.
Southeast Asia’s largest economy grew 4.87% in the first quarter of 2025, the lowest in more than three years. Bank Indonesia has lowered its growth forecast for 2025 to 4.6–5.4% from the previous projection of 4.7–5.5%./.
The subsidy will be distributed over a two-month period to help sustain public purchasing power amid global economic headwinds and in anticipation of increased household spending during the school holiday season.
More than 10,000 delegates from Asia, including shipowners, policymakers, investors, and technology experts, attended the Indonesia Maritime Expo, held as part of Indonesia Maritime Week 2025 on May 26-28.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
