Indonesia continuing structural reform, enhancing organization environment

We have enhanced the financial investment ecosystem, reduced licensing, offered legal certainty, and offered special rewards to top priority financial investment sectors

Jakarta – Indonesia has continued to carry out structural financial reforms and improve the business climate, President Joko Widodo said while joining the World Economic Online Forum (WEF) from Bogor Presidential Palace in West Java on Thursday.

” We have enhanced the financial investment community, alleviated licensing, given legal certainty, and offered unique rewards to priority financial investment sectors,” he added.

In addition to the financial sector, Indonesia has actually also continued to enhance the quality of human resources through numerous programs, consisting of upskilling and reskilling the labor force, developing polytechnics in partnership with industries, complying with foreign universities, he said, according to a written declaration provided by the Presidential Secretariat’s press bureau.

Related news: ASEAN ought to emulate Indonesia to carry out structural reforms: Jokowi

” Indonesia has also accelerated the development of facilities, which has actually contributed to increasing investment and (enhancing the) business environment. The brand-new sources of development, especially green economy, will be improved through the advancement of the electric cars and truck industry ecosystem and the advancement of the biggest industrial estate in North Kalimantan,” Widodo informed.

In addition, the government will likewise strengthen cooperation with the economic sector, he said. The federal government will open financial investment opportunities as extensively as possible in 6 concern sectors– labor-intensive, export-oriented industries, renewable energy, facilities, automotive, tourist, and mining, he stated.

Associated news: Govt to team up for agrarian reforms, conflict resolution: KSP

The government has also adopted numerous development concerns for the next few years, including increasing food production through the advancement of food estates, using the concept of low carbon advancement, and pressing improvement to the digital economy by growth, equal distribution, and quality improvement of facilities and digital services, he disclosed.

” I get in touch with stakeholders in this forum to establish a partnership with Indonesia, advance together and grow together,” the President said.

Associated news: Some 301 million COVID-19 vaccine dosages administered in Indonesia

Related news: MSMEs need to have higher access to funding: Widodo

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top