INDONESIA

The Indonesian government is planning to issue bonds aimed at raising funds for struggling businesses under plans to cushion the economy against the impact of the coronavirus disruption. To support businesses and save jobs, the government has already announced measures for certain sectors, including tax breaks and relaxing rules on imports. The planned new bonds will be issued in rupiah and the government is aiming to sell them to the central bank or private-sector buyers, said Susiwijono, secretary-general at the Coordinating Ministry for Economic Affairs.