Bahlil promises continuity of investment policy post-Jokowi – Regulations

nvestment Minister Bahlil Lahadalia has asserted that a government led by presumptive president-elect Prabowo Subianto will stick with the approach of the incumbent administration to attract investment.

President Joko “Jokowi” Widodo and his ministers have pursued a proactive strategy by frequently making the first move toward foreign governments and companies alike in a bid to convince them face-to-face of Indonesia’s merits as an investment destination.

“Since the [election] winner happens to be Prabowo and Gibran [Rakabuming Raka], I believe that [the policies that] are already good will remain [in place],” said Bahlil in a press briefing on Monday, noting how the Prabowo-Gibran ticket had peddled continuity in its election campaign.

Bahlil highlighted the benefits of retaining tested concepts, noting that “finding a new format is not easy”.

He admitted with reference to Jokowi administration policies that “nothing is perfect” and therefore modifications and adjustments would take place. However, “around 70 percent” of the Jokowi strategy would be carried over.

Bahlil told reporters that, for one, the government lacked a comprehensive and detailed catalogue of investment opportunities in the country. A case in point was the mining sector, where the government should have exploration data on hand to show investors the business potential based on discovered reserves.

Every Monday

With exclusive interviews and in-depth coverage of the region’s most pressing business issues, “Prospects” is the go-to source for staying ahead of the curve in Indonesia’s rapidly evolving business landscape.

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

The minister described Jokowi’s hallmark downstream development policy, which leverages the country’s natural resources and involves raw material export bans to stimulate growth of domestic industries, as “a test of our nationalism”.

Source link

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button


Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

100% secure your website.