The Coordinating Minister for Economic Affairs recently reported on the achievements of strategic cooperation with China. The two sides signed Memorandums of Understanding involving strategic industrial projects with a total investment of IDR 36.4 trillion. The projects will be located in the previously activated Batang Industrial Zone. The cooperation covers an annual production of one million tons of steel, meat and seafood processing, nickel-iron trade, high-end textile R&D, coal, textile raw materials, tea and jasmine industry cooperation, as well as direct sourcing of agricultural products such as coconut and durian.
He stated that the government will maintain economic growth stability by accelerating national spending at the end of 2025, including priority social and infrastructure projects. Currently, ministry and agency spending has reached approximately 70%, with a year-end target of 95%, covering presidential initiatives such as free meals, people's schools, free medical check-ups, and rural electrification.
To stimulate year-end holiday consumption, the government has introduced public transportation discounts: 30% discount on train tickets from December 22 to January 10 of the following year, targeting 1.509 million passengers; 20% discount on sea transportation fares from December 17 to January 10, targeting 405,881 passengers; 13%-14% discount on airline tickets during the same period, targeting 3.5 million passengers; and 10%-20% discount on highway tolls.
The series of stimulus measures are expected to boost household consumption at the beginning of the year, with January consumption estimated at IDR 116 trillion, including IDR 33-34 trillion from the National Shopping Day on December 10-16, IDR 30 trillion target for domestic consumption from December 18 to January 4, and IDR 56 trillion target for convenience store promotions throughout December.
The Coordinating Minister for Economic Affairs recently reported on the achievements of strategic cooperation with China. The two sides signed Memorandums of Understanding involving strategic industrial projects with a total investment of IDR 36.4 trillion. The projects will be located in the previously activated Batang Industrial Zone. The cooperation covers an annual production of one million tons of steel, meat and seafood processing, nickel-iron trade, high-end textile R&D, coal, textile raw materials, tea and jasmine industry cooperation, as well as direct sourcing of agricultural products such as coconut and durian.
He stated that the government will maintain economic growth stability by accelerating national spending at the end of 2025, including priority social and infrastructure projects. Currently, ministry and agency spending has reached approximately 70%, with a year-end target of 95%, covering presidential initiatives such as free meals, people's schools, free medical check-ups, and rural electrification.
To stimulate year-end holiday consumption, the government has introduced public transportation discounts: 30% discount on train tickets from December 22 to January 10 of the following year, targeting 1.509 million passengers; 20% discount on sea transportation fares from December 17 to January 10, targeting 405,881 passengers; 13%-14% discount on airline tickets during the same period, targeting 3.5 million passengers; and 10%-20% discount on highway tolls.
The series of stimulus measures are expected to boost household consumption at the beginning of the year, with January consumption estimated at IDR 116 trillion, including IDR 33-34 trillion from the National Shopping Day on December 10-16, IDR 30 trillion target for domestic consumption from December 18 to January 4, and IDR 56 trillion target for convenience store promotions throughout December.