The Ministry of Industry (Kemenperin) has confirmed that it will provide fiscal incentives to labor-intensive industries.
This labor-intensive incentive is expected to increase the purchasing power of workers and the productivity of domestic industries.
The Director General of Small, Medium and Multifarious Industries (IKMA) of the Ministry of Industry, Reni Yanita, said that the industrial incentives included spending on capital goods by providing low interest subsidies for the purchase of machines, KUR with light interest rates to tax incentives for Article 21 of the DTP.
"If he attaches two labor-intensive incentives. The main thing is that he is for capital goods, when he takes it for capital goods, he also allows to get a working capital loan," said Reni when met at the Ministry of Industry Building, Jakarta, Tuesday, July 29.
"Incentives for labor-intensive industries that will buy capital goods expenditures, they will get low interest rates. He (paid) should be 9 percent, will be borne by the government, which is 4 percent. So, the industry only pays 5 percent," he continued.
Industry players can borrow capital from Himbara banks, including regional banks such as BPD.
Reni said that there were no special criteria for industry players to get these incentives. He emphasized that the labor-intensive industries in question of getting incentives are food-drinking, furniture and toys.
"There is no (special criterion). Anyway, he is in the labor-intensive category, at least 50 (people) work. If the incentives are regulated," he said.
Previously, the government planned to continue the economic stimulus package program in the third quarter of 2025 to maintain the momentum of economic growth.
Spokesperson for the Coordinating Ministry for Economic Affairs Haryo Limanseto said the government is currently finalizing a number of further policies from the stimulus that has been disbursed in June-July 2025.
"Again, a stimulus package is being prepared, this week it is likely to be finalized," said Haryo at the office of the Coordinating Ministry for the Economy, Jakarta, quoted by Antara, Thursday, July 24.
Even so, Haryo has not been able to specify what kind of incentive will be given.
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Dia menyebut, stimulus yang lalu masih dalam tahap evaluasi, sedangkan kebijakan baru tengah disusun lebih berfokus pada program-program prioritas.
"Kalau insentif baru atau stimulus baru belum ada, cuman program-program prioritas ini yang perlu didorong sama government spending yang kemarin masih kurang, ya, masih kurang besar, seperti untuk makan bergizi gratis dan perumahan, termasuk Kredit Usaha Rakyat (KUR) perumahan," jelasnya.
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He said the previous stimulus was still in the evaluation stage, while the new policy was being prepared to focus more on priority programs.
"If there are no new incentives or new stimuli yet, only these priority programs that need to be encouraged by government spending, which yesterday was still lacking, yes, it was still not big, such as for free nutritious food and housing, including housing People's Business Credit (KUR)," he explained.
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