Indonesia needs to spend 40 billion USD recovering economy: business group
The Indonesian government should increase economic recovery spending to 600 trillion Rp (40.17 billion USD) to help domestic businesses cope with the economic impacts of COVID-19, according to the Indonesian Chamber of Commerce and Industry (Kadin).
Spraying disinfectant on a public place in Jakarta, Indonesia (Photo: Xinhua/VNA)
Hanoi (VNA) – The Indonesian governmentshould increase economic recovery spending to 600 trillion Rp (40.17 billionUSD) to help domestic businesses cope with the economic impacts of COVID-19,according to the Indonesian Chamber of Commerce and Industry (Kadin).
Kadin Vice Chairwoman Shinta Kamdani said at anonline press conference on May 14 that the current budget for the economicrecovery programme would be insufficient to support businesses, adding thatmany enterprises only have enough cash to maintain their operations by June.
President Joko Widodo should raise spending toabout 600 trillion Rp for economic recovery, 600 trillion Rp for social securityprogrammes and another 400 trillion Rp for the health system, Shintasuggested.
According to Kinda data, Indonesia’s grossdomestic product (GDP) fell to a 19-year low of 2.97 percent in the firstquarter of this year due to the impact of COVID-19.
The government is mulling a plan to begin easingCOVID-19 social restrictions in June to allow businesses to resume operationsgradually./.
Five crew members of the Indonesian vessel Jagal Raya, which sank in waters off the coast of the Mekong Delta’s Soc Trang province, were transferred to the Vietnam Ocean Shipping Agency’s branch in Can Tho (VOSA Can Tho) on May 14 for repatriation.
The Indonesia government will issue a stimulus package worth 25 trillion Rp (1.68 billion USD) to recover the local tourism industry after the COVID-19 pandemic.
Thailand’s Tourism and Sports Ministry is aiming high for 100 million domestic trips this year as the international travel market will not be likely to return to normal soon because of the COVID-19.
State-owned lender Bank Rakyat Indonesia (BRI), in cooperation with ride-hailing service provider Grab, has launched a low-interest loan facility for the latter’s drivers and merchant partners who have been impacted by the COVID-19 pandemic.
Indonesia will require big internet companies to pay value-added taxes (VAT) on sales of digital products and services from July as part of efforts to boost revenue amid the coronavirus pandemic, according to a tax official of the country.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
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.
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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.
Spraying disinfectant on a public place in Jakarta, Indonesia (Photo: Xinhua/VNA) 
