Higher Investment Grade Attracts Investors

Tuesday, 23 May 2017 , 17:30:00 WIB - Economy

Finance Minister Sri Mulyani (third right) accompanied by the National Development Plan Minister/National Development Agency (Bappenas) Head Bambang Brodjonegoro (second right), Finance Deputy Minister Mardiasmo (third left) are seen attending the plenary session in the Parliament Building, Senayan, Jakarta, Friday (19/5). (ANTARA)

JAKARTA, GRES.NEWS - The increasing investment grade of Indonesia according to the Standard & Poor’s is considered bringing a positive impact on the economy of Indonesia. Finance Minister Sri Mulyani Indrawati claims that more foreign investors are looking for opportunities in Indonesia.

"With the upgrade, many investors consider that it’s very positive to invest in Indonesia," Sri Mulyani said to journalists in a closed meeting at Bogor Palace, West Java, Monday (22/5), as quoted from setkab.go.id.

Therefore, Sri Mulyani said that President Joko Widodo asked us in the closed meeting to stay focus on inclusive economy policy, which is investing in infrastructure and development of industries that could provide job opportunities for people. "Whether it’s big infrastructures outside Java like the infrastructures in North Kalimantan, North Sumatera, or the infrastructure in Java and other islands including Papua," she said.

According to the Finance Minister, they focus on the policy to improve the economic growth of Indonesia so it could get close to 6 percent this year and next year.

The Finance Minister claimed that the government is worried that political issues would dominate the administration in domestic investment. Therefore, she added that the President has instructed the Indonesian Military (TNI) Commander, National Police (Polri) Chief, National Intelligence Agency (BIN) Chief, and all officials, to give a simple explanation about why the government performs various investment activities.

"What the foreign investors do is to develop Indonesia, not to threaten Indonesia," Sri Mulyani said firmly.

She added that job opportunities and investment are important to develop the infrastructure of Indonesia that’s still left behind from other countries that are on the same level as Indonesia. Therefore, Sri Mulyani said the government will balance the economy and social development, and the political and law administration.

"Therefore, we expect that investment and economic growth won’t be considered as a threat, but an opportunity for all people in Indonesia to participate," Sri Mulyani asserted.

She also said firmly that the government will be accountable, they will explain every investment activities to the public. "The President asked us repeatedly to be detailed in explaining about how much Rupiah or Dollar or RMB or Yen that enters Indonesia to the public, and tell them what will the government do with the money," Sri Mulyani said.

According to the Finance Minister, the President also said that all projects have to involve national private companies, including the management, to prevent corruption.

In the meeting, President Joko Widodo also asked the government officials to prepare for faster and better services as more foreign investments would enter Indonesia. (dtc)