Govt encourages middle-income segment to increase spending to keep economy moving

first_imgRead also: Income gap expected to widen in economic crisisSeparately, Vice President Ma’ruf Amin said state funds were essential to ensuring a healthy economy, given that many in the private sector had been battered by the COVID-19 emergency.“The only funds that could move [the economy] are state funds; the private sector is currently idle,” Ma’ruf said as quoted by senior cleric said as many as 9.6 million SME owners had received financial aid throughout the first phase of the program in September.The government had expected 12 million business owners to receive the aid by December, he added. A sense of safety and security should be reinstated during these uncertain times so the public feels comfortable going out and spending, while still adhering to health protocols, he said.He added that the government had prepared a number of incentives, including a credit program and a stimulus scheme for small and medium enterprises (SMEs) to improve domestic trade as many people had chosen to save their funds because of the ongoing coronavirus crisis.The government has provided monthly financial aid to workers earning less than Rp 5 million (US$340.25) per month to improve the public’s purchasing power.The funds – totaling Rp 600,000 – are transferred directly to the employees’ respective bank accounts every two months. Topics :center_img The government is encouraging the middle-income segment to spend more through online shopping platforms to help improve spending amid the economic downturn resulting from the COVID-19 pandemic.National economic recovery committee head Budi Gunadi Sadikin called on middle-income families to shop on their e-commerce platform of choice to help ensure a stable economy.“To friends who happen to be middle-class and have access to [smartphones] and e-commerce storefronts, don’t forget to spend to move the wheels of the economy,” Budi told a press conference at the Presidential Palace in Jakarta on Wednesday.last_img read more

Women’s World Cup 2019: Australia roars back from 2-0 deficit to stun Brazil

first_imgAustralia wanted a penalty in the 20th minute when Thaisa bundled into Tameka Yallop, but referee Esther Staubli waved away their appeals and the decision stood after VAR adjudged the Matildas midfielder handled in the build-up.Matters were made worse for Australia when Elise Kellond-Knight recklessly dragged down Leticia Santos and Marta sent Lydia Williams the wrong way from the resultant spot-kick, becoming the first player to score at five Women’s World Cups in the process.5 – Marta is the first player to score in five different editions of the FIFA Women’s World Cup, netting in 2019, 2015, 2011, 2007 and 2003. Icon. #FIFAWWC— OptaJoe (@OptaJoe) June 13, 2019Brazil’s other leading star Cristiane was on hand to double the advantage seven minutes before halftime, towering above her marker to head Debinha’s cross home.Australia rallied and after Kerr had failed to turn in from close range, Foord made no such mistake with an instinctive finish from Logarzo’s flick-on.Having conceded its first World Cup group-stage goal since the 2003 tournament, Brazil was dealt another blow following the restart, with Marta, who missed the opening game due to a thigh injury, unable to continue. Cristiane followed up on her hat trick from the opening win over Jamaica to add a second, but Caitlin Foord gave Australia hope.And after Chloe Logarzo’s fortuitous strike had restored parity, Australia completed a famous comeback when Monica headed into her own net and Sam Kerr was deemed not to be interfering in a contentious decision. Related News Marta’s 16th Women’s World Cup goal was not enough to inspire Brazil to victory as Australia rallied to a controversial 3-2 win Thursday in Group C. Brazil’s record scorer, who went off injured at halftime, moved level with Miroslav Klose’s tally of goals at World Cup finals when she opened the scoring in Montpellier with a 27th-minute penalty. Women’s World Cup 2019: USWNT went ‘overboard’ celebrating vs. Thailand, says Hope Solo Australia picked up where it left off and equalized when Logarzo’s long-range effort found its way through a crowd of players.Brazil’s misery was compounded eight minutes later. Monica inadvertently turned Emily van Egmond’s ball beyond Barbara, and although an offside call against Kerr seemed to have bailed out the Brazilians, the decision was overturned after a VAR review and Vadao’s side slumped to a humiliating defeat.last_img read more