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Ada Pertanyaan? Hubungi Kami Marcell Sihombing, ANT
Darmin Nasution, the Coordinating Minister for Economic Affairs. Photo: Sgp
Darmin Nasution, the Coordinating Minister for Economic Affairs, has revealed that the government is currently deliberating its 13th Economic Policy Package, a process which will hopefully be completed by the second week of August 2016. Minister Nasution also asserted that the 13th Economic Policy Package will be focusing on the provision of incentives intended to stimulate the development of the electronic commerce (e-commerce) sector, as well as on the deregulation of the regulatory frameworks governing housing for low-income citizens.
“The proposal will be discussed with President Joko Widodo tomorrow [Thursday, 4 August 2016],” asserted Minister Nasution at Bank Indonesia’s Jakarta Office on Wednesday, 3 August 2016.
Commenting on this matter, Chief of Presidential Staff, Teten Masduki, asserted that the 13th Economic Policy Package would focus its energies upon e-commerce and the construction of affordable housing.
“This [the 13th Economic Policy Package] is currently a mere proposal and a priority which we are about to submit to President Widodo. Ultimately, the goal is that the government’s various economic policy packages will address all sectors of the economy,” asserted Mr. Masduki.
Minister Nasution also reminded the public that the government had already introduced 12 economic policy packages, starting in September of 2015, and that all of these policy packages had already been implemented.
“We [the government] have attempted to simplify various implementing systems, because the business and investment sectors have a hugely important role to play in the development of the country,” asserted Minister Nasution.
Commenting on the various policy packages, Mr. Masduki reflected, “It could be said that the implementation [of the policy packages] has proved rather successful. As a whole, the previous policy packages have already deregulated the majority of some 203 regulatory frameworks, a target which was originally set for July 2016, either through a process of replacement or by merging similar regulations together”.
Continuing with his statement, Mr. Masduki asserted that only one regulatory framework remained to be addressed, namely the natural-gas sector, which falls under the authority of both the Ministry of Energy and Mineral Resources, and the Oil and Gas Downstream Regulatory Agency (BPH Migas). Unfortunately, Mr. Masduki refused to go into any details regarding this particular matter, stating only that deliberations surrounding this particular sector would be concluded by the end of this week.
Minister Nasution further pointed to the fact that the global economy was currently slowing. Indeed, even developed countries have found themselves exposed to a number of challenging problems and have not as yet formulated any effective solutions. In addition, in July of 2016, the International Monetary Fund (IMF) revised its global economic growth projection for the 2016 period down to 3.1%, which is a full 0.1% lower than its initial projection.
Despite this global downturn, the government is aiming to realize its economic-growth target for the 2016 period, which it has set at 5.2%. Similarly, Bank Indonesia has also predicted that the country’s economic growth over 2016 should range between 5% and 5.4%.
Minister Nasution has asserted that Indonesia needs to determine its own development priorities, in spite of the current global economic downturn, and has suggested the prioritization of the development of the tourism and fisheries sectors. It is widely believed that these two sectors can easily be developed in order to attract investments, because they already have a firm potential market within the country.
“They [tourism and fisheries] already have their own markets, thus it should be quite easy to attract investment. We [Indonesia] have many excellent tourism sites, while many of our fish products are exported to various countries all over the globe,” asserted Minister Nasution.
The Minister further asserted that Indonesia’s pharmaceutical sector also had excellent development potential, due to the fact that this particular sector enjoys the firm support of the government.
(hs/sp)
Marcell Sihombing, ANT
Darmin Nasution, the Coordinating Minister for Economic Affairs. Photo: Sgp
Darmin Nasution, the Coordinating Minister for Economic Affairs, has revealed that the government is currently deliberating its 13th Economic Policy Package, a process which will hopefully be completed by the second week of August 2016. Minister Nasution also asserted that the 13th Economic Policy Package will be focusing on the provision of incentives intended to stimulate the development of the electronic commerce (e-commerce) sector, as well as on the deregulation of the regulatory frameworks governing housing for low-income citizens.
“The proposal will be discussed with President Joko Widodo tomorrow [Thursday, 4 August 2016],” asserted Minister Nasution at Bank Indonesia’s Jakarta Office on Wednesday, 3 August 2016.
Commenting on this matter, Chief of Presidential Staff, Teten Masduki, asserted that the 13th Economic Policy Package would focus its energies upon e-commerce and the construction of affordable housing.
“This [the 13th Economic Policy Package] is currently a mere proposal and a priority which we are about to submit to President Widodo. Ultimately, the goal is that the government’s various economic policy packages will address all sectors of the economy,” asserted Mr. Masduki.
Minister Nasution also reminded the public that the government had already introduced 12 economic policy packages, starting in September of 2015, and that all of these policy packages had already been implemented.
“We [the government] have attempted to simplify various implementing systems, because the business and investment sectors have a hugely important role to play in the development of the country,” asserted Minister Nasution.
Commenting on the various policy packages, Mr. Masduki reflected, “It could be said that the implementation [of the policy packages] has proved rather successful. As a whole, the previous policy packages have already deregulated the majority of some 203 regulatory frameworks, a target which was originally set for July 2016, either through a process of replacement or by merging similar regulations together”.
Continuing with his statement, Mr. Masduki asserted that only one regulatory framework remained to be addressed, namely the natural-gas sector, which falls under the authority of both the Ministry of Energy and Mineral Resources, and the Oil and Gas Downstream Regulatory Agency (BPH Migas). Unfortunately, Mr. Masduki refused to go into any details regarding this particular matter, stating only that deliberations surrounding this particular sector would be concluded by the end of this week.
Minister Nasution further pointed to the fact that the global economy was currently slowing. Indeed, even developed countries have found themselves exposed to a number of challenging problems and have not as yet formulated any effective solutions. In addition, in July of 2016, the International Monetary Fund (IMF) revised its global economic growth projection for the 2016 period down to 3.1%, which is a full 0.1% lower than its initial projection.
Despite this global downturn, the government is aiming to realize its economic-growth target for the 2016 period, which it has set at 5.2%. Similarly, Bank Indonesia has also predicted that the country’s economic growth over 2016 should range between 5% and 5.4%.
Minister Nasution has asserted that Indonesia needs to determine its own development priorities, in spite of the current global economic downturn, and has suggested the prioritization of the development of the tourism and fisheries sectors. It is widely believed that these two sectors can easily be developed in order to attract investments, because they already have a firm potential market within the country.
“They [tourism and fisheries] already have their own markets, thus it should be quite easy to attract investment. We [Indonesia] have many excellent tourism sites, while many of our fish products are exported to various countries all over the globe,” asserted Minister Nasution.
The Minister further asserted that Indonesia’s pharmaceutical sector also had excellent development potential, due to the fact that this particular sector enjoys the firm support of the government.
(hs/sp)