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M. Continuo

Indonesia to unveil fifth round of stimulus measures Thursday - president


    JAKARTA (Reuters) - Indonesia will announce a fifth round of stimulus measures aimed at reviving economic growth on Thursday, the president said.

    "Tomorrow morning there will be (an announcement of) the fifth instalment of the policy package. We will keep on issuing instalments for short and medium term (effect)," President Joko Widodo said on Wednesday.

    Widodo's administration rolled out a series of stimulus measures from September, including lowering energy prices, cutting red tape and reforming the minimum wage formula.

    During the second quarter, annual economic growth slowed to 4.67 percent, the lowest rate in six years.

    (Reporting by Jakarta bureau; Writing by Gayatri Suroyo; Editing by Jacqueline Wong)