- July 1, 2021
- Posted by: Stratford Team
- Category: Business
JAKARTA, July 1 (Reuters) – Indonesian business groups on Thursday urged authorities to ensure there is enough financial support for companies, warning that otherwise new restrictions to tackle a surge in COVID-19 cases could result in layoffs and bankruptcies.
The “emergency” curbs, which come into effect between July 3 to 20, will shut shopping malls, force staff at non-essential businesses on the islands of Java and Bali to work from home and ban dining in at restaurants.
The curbs come after Indonesia reported record daily numbers of coronavirus cases of more than 20,000, as the spread of the more contagious Delta variant accelerated infections and strained the country’s healthcare sector.
Business groups, such as the Indonesian chamber of commerce, Kadin, said while the curbs were needed they were being reintroduced just as an economic recovery was gaining traction.
“The momentum was good. Every (economic…
