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Saturday, 06 June 2020 14:29

Ministry prepares criteria for businesses to receive recovery stimulus

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photo : antaranews

The Industry Ministry has readied criteria for business sectors eligible to receive recovery stimulus under the National Economic Recovery Program (PEN). As quoted by Antara, Industry Minister Agus Gumiwang Kartasasmita in a statement on Friday stated, that one of the criteria is linked to the absorption of workers. Kartasasmita stressed on the importance of giving special attention to the labour-intensive sector, to enable those engaged to continue operations and prevent them from conducting mass layoffs, while simultaneously maintaining the people's purchasing power. He explained that it holds significance since this sector absorbs a significant number of workers, and any shocks in the sector will affect workers and their families. Stimulus in credit and working capital for recovery of the manufacturing industry is covered in the PEN Program, as stipulated in Government Regulation No. 23 of 2020 on implementation of PEN amid the COVID-19 pandemic//ANT

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