Remarks of the President of the Republic of Indonesia at the Limited Cabinet Meeting on Economy at the Presidential Office, Jakarta, 22 October 2015

Unofficial English Translation

Assalamualaikum warahmatullahi wabarakatuh,

The limited meeting this afternoon will discuss further measures of the previous economy policy package which has been implemented. The policy package includes the first, second, third and fourth packages. We have seen that this program has provided a great breakthrough, short-term stimulus, as well as medium and long-term incentives. With the Financial Services Authority (OJK) and Bank Indonesia, we will walk together. I hope the breakthrough measures could move national economic growth and the economy.

We will carry on the first, second, third, fourth and fifth policy packages together with Bank Indonesia and the Financial Services Authority (OJK) and it will be followed by the sixth, seventh and eighth policy packages. It (policy packages) will probably continue until one, two or three hundred packages. The most important thing is our consistency to create a strong impression in implementing fundamental transformation. We want the people and business doers know that we will always trying to reform the regulation and bureaucracy.

I also ordered all to implement the breakthrough measures immediately in order to activate the 8 special economic zones (KEK) which has been established in Tanjung Lesung and other areas. In Sei Mangkei KEK, North Sumatra, the industry area is located near the Kuala Tanjung Port. The special economic zones (KEK) also located in Palu, Bitung (North Sulawesi), Mandalika (West Nusa Tenggara), Morotai (North Maluku), Tanjung Api-api, and Maloy Batuta Trans Kalimantan (MBTK). Through this KEK, capital flow, money flow and investment are expected to enter the areas, and create jobs as many as possible.

I invite all to open facilitation that will show to the world that Indonesia is trully want to provide acceleration, easiness, simplicity and one more thing, the Government still needs to provide legal certainty on natural resources after the decision of Constitutional Court (MK), particularly on water supply sector which is provided by business doers who invest to Indonesia.

I would like to invite the Coordinating Minister to deliver the meeting. (Humas Setkab) (RAS/YM/Naster)