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Indonesia to help smaller companies with loans

Staff writer |
Indonesia will provide loans at lower interest rates to labor-intensive small and medium-size companies, to help them maintain operations and avoid layoffs, a minister said.

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Finance Minister Bambang Brodjonegoro said that the loans will be given by the state-owned export financing agency, also known as Indonesian Exim Bank.

"They must be labor-intensive‎and cannot cut their staff (after they get the loan)," Mr. Brodjonegoro said.

The policy will be part of the next economic package that the government will unveil in the near future.

The minister said the government will also announce its plan to reduce domestic natural gas prices, to help companies in the country that rely on the fuel to reduce costs.

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