Investment drives economic growth: Jokowi

21 Februar, 2020 | Source: Antara News

President Joko Widodo (Jokowi) believes investment is a means to spur economic growth amid the sluggish global economy.

"Investment is the only way to boost economic growth," the president noted in his opening remarks during the 2020 National Coordination Meeting on Investment here on Thursday.

Jokowi remarked that the global economy is currently in an unfavorable condition over the trade war, coronavirus outbreak, and other situations in several regions that are not conducive to the global economic rise.

He noted that since the market was down, it was impossible for Indonesia to boost exports. Hence, capital inflow in the form of investment serves as a path to economic improvement.

He highlighted the importance of small, medium, and large investments.

"Licensing is facilitated (for) small and medium ones, for instance, in the omnibus law, so that they can access capital," Jokowi remarked.

Earlier, in his directives at the National Coordination Meeting, the president also urged all parties to not forget small investors. Investors of small-scale businesses, with only two employees, and medium-scale business, with 100 workers, for instance, must both be served well, he added.

 

Indonesia is set to support manufacturers with the capacity to produce the desperately needed protective gear, test kits and ventilators that are crucial in the worldwide global fight against COVID-19 as G20 nations pledge to focus on saving lives.
G20 leaders are following their own governments’ advice to avoid travel, holding a video-conference summit on Thursday to discuss international efforts to fight the spread of COVID-19.
1. The Government continues to follow cl​osely WHO situation report on the spread of Coronavirus.
​1. Indonesia continues to closely observe WHO situation report on developments of the COVID-19 virus outbreak around the world.
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