Rice stocks secure against El Niño, writer incentives in stimulus package

Jakarta (ANTARA) - Various economic events were reported by ANTARA on Tuesday (26 May), including assured national rice stocks against El Niño and an economic stimulus package featuring final income tax incentives for writers.

Here is a summary of yesterday’s economic news worth reading this morning.

Ministry optimistic rice stocks secure against El Niño

The Ministry of Agriculture is confident national rice production and availability will remain secure despite the potential El Niño, which is expected to cause extreme drought by mid-year.

Purbaya confirms DSI formation won’t alter Customs role

Finance Minister Purbaya Yudhi Sadewa confirmed that the establishment of PT Danantara Sumberdaya Indonesia (DSI) as an export body will not change the role of the Directorate General of Customs and Excise (DJBC).

Danantara accelerates MIND ID restructuring for national downstreaming

The State-Owned Enterprises Regulatory Body and Danantara are speeding up the reorganisation of MIND ID’s organisational and business structure to strengthen the effectiveness of the state mining industry holding in executing the national downstreaming mandate.

House of Representatives proposes LPDP scholarship awardees in certain fields to work abroad

House of Representatives Commission XI Chairman Mukhamad Misbakhun proposed that LPDP scholarship awardees in specific fields be exempted from the return obligation and allowed to work overseas after completing their studies.

Government prepares tax incentives for writers and transport discounts

The government is preparing an economic stimulus package including final income tax incentives for writers, transport ticket discounts, and continuation of the national internship programme.