On WEF, CEOs Eager to Invest in Indonesia: Foreign Minister

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 25 November 2020
Category: News
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Foreign Minister Retno Marsudi accompanies President Joko Widodo at the World Economic Forum Special Virtual on Indonesia via a video conference from Bogor Presidential Palace, West Java province, Wednesday (25/11). (Photo by: Press Bureau of the Presidential Secretariat / Muchlis Jr)

Business actors welcome regulatory and bureaucratic reforms carried out by the Indonesian Government and support the Indonesian Government’s commitment to balance economic development and sustainability, Indonesian Minister of Foreign Affairs Retno Marsudi said.

According to the Minister, after meeting with President Joko “Jokowi” Widodo in the World Economic Forum (WEF) Special Virtual on Indonesia via video conference from Bogor Presidential Palace, West Java province, Wednesday (25/11), the CEOs expressed their enthusiasm for investing and doing business in South East Asia’s largest economy.

“The meeting discussed Indonesia’s priorities in health and economic recovery,” she said, adding that CEOs also expressed interest in investing in the digital field, by among others stressing an inclusive economy in the digital field by empowering MSMEs.

The CEOs also expressed Indonesia’s efforts in dealing with the pandemic both in the fields of health and economic recovery,” she said.

President Jokowi, she added, also explained efforts Indonesia has made in managing health management and economic recovery during the COVID-19 pandemic

“Those efforts resulted in active cases in Indonesia below the world average, while recovery rate above the world average. The Indonesian Government also continues to make efforts to reduce death rate,” she said citing the President’s statement.

During the meeting, the President also raised the issue of ongoing preparations for vaccination both in the short and long terms, she added.

On the economic side, the President said that Indonesia continues to minimize social risks by implementing social protection for the poor and the vulnerable and implementing a national economic recovery program by providing support for MSMEs and the business world, she added.

The President, she added, also noted that this pandemic could be used as a momentum to make a leap of progress, big vision, big transformation, and big action, adding that the Omnibus Law on Job Creation passed some time ago is aimed at reforming regulations and bureaucracy and providing legal certainty.

The President also raised the issue of a green and sustainable economy and unveiled policies that have been carried out such as the use of Biodiesel B30, the use of Solar D100 which comes from palm oil, the use of rooftop solar power plants (PLTs), and others, she added.

“The President also explained about a more inclusive, sustainable and resilient development,” she said.

Hosted by the founder and Executive Chairman of WEF Klaus Schwab, the meeting was attended by more than 43 CEOs from 20 countries. (SLN/UN) (MUR/EP)

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