Indonesia: Stimulus Packages Expected to Spur Industrial Growth in 2016
The Indonesian government has issued seven economic policy packages since September to boost non-oil and gas industrial growth in the country. These include the simplification of export-import regulations and electricity price cuts, in addition to the launch of key investment projects in the past two years. As a result, total investment in the non-oil and gas industry increased from US $13.5 billion last year to US $13.6 billion this year.