Indonesia Committed to Building Inclusive Economy, Harmonious Human: President Jokowi

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 25 November 2020
Category: News
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The World Economic Forum (WEF) Special Virtual on Indonesia via video conference, Wednesday (25/11). (Photo by: Presidential Secretariat Press Bureau/Muchlis Jr)

Indonesia committed to establishing an inclusive economy and harmonious relations between human beings and the environment and to being adaptable to face crises, President Joko “Jokowi” Widodo has said.

“The ratification of the Job Creation Law or Omnibus Law is a big step to facilitate business licensing and provide tax incentives to attract investment, particularly labor-intensive industries and digital economy,” the President said at the World Economic Forum (WEF) Special Virtual on Indonesia through a video conference from the Bogor Presidential Palace, West Java Province, Wednesday (25/11).

According to the President, Indonesia also remains committed to a more sustainable and greener economy, adding that the economic recovery measures must also consider environment protection.

“The protection of tropical forests will be our priority to combat climate change,” he said.

The President went on to say Indonesia has made several breakthroughs, including utilizing biodiesel B30, developing D100 Green Diesel using100 percent palm oil with an amount of 1 million tons of palm oil produced by local farmers, installing hundreds of thousands of Solar Power Plants (PLTs), and processing nickel ore into lithium battery that can be used in cell phones and electric cars.

“All these measures will create new job opportunities that will also contribute to energy development,” he said.

On that occasion, the President also said that 2021 will become a year full of opportunities for the country to participate in reviving the global economy.

Indonesia, he added, also continues to push the world by building a better investment ecosystem through the improvements of regulatory and bureaucratic ecosystems on a large scale, providing incentives for investment in accordance with predetermined priorities, and ensuring stable social and political conditions.

“I am calling on the world community to join and invest in Indonesia in order to build an inclusive, sustainable and resilient future,” he said. (BPMI/UN) (RIF/EP)

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