Indonesia strengthens structural reform serving economic transition: minister
Along with the goal of escaping the middle class trap in the medium and long terms, Indonesia needs structural reform that are key to the success of a sustainable economic transition, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
Thousands of vehicles drive between multi-storey buildings in the Pancoran area, Jakarta, on March 20, 2021 (Photo: ANTARA)High economic growth is necessary to increase employment opportunities and social welfare for the community. To increase the amount of investment, the Indonesian government has expanded the investment sector to create more jobs.
Currently, there are 246 priority enterprises that will open for investment with the facilitation of fiscal and non-fiscal incentives. High-tech and export-oriented industries are prioritised for development to become the driving force behind national economic growth in the future.
According to the official, the fundamentals of the national economy have also been strengthened by improvements in the external relations and financial sectors. Indonesia's credit rating is maintained, despite the pressure of the pandemic over the past year.
In addition, macroeconomic policy coordination will continue to be strengthened to bring about positive sentiment in 2022 toward the forecasted yearly growth of 5.2 percent. The Indonesian government will also implement a carbon tax to change the behavior of economic sectors to carry out low-carbon activities./.
You should also see
Vietnamese Deputy PM, Venezuelan President hold talks
Vietnamese Deputy Prime Minister Tran Luu Quang held talks with President of Venezuela Nicolás Maduro Moros in Caracas on April 18, as part of his ongoing official visit to the Latin American country.
See more
ASEAN
Forum boosts economic ties among ASEAN, emerging economies, Russia
An economic cooperation forum on fostering ties between ASEAN and emerging economies, and Russia convened in Hanoi on April 12.
Culture - Sports
ASEAN Graphic Arts Competition and Exhibition 2024 to promote friendship
The Department of Fine Arts, Photography and Exhibition under the Ministry of Culture, Sports and Tourism will collaborate with relevant agencies to organise the ASEAN Graphic Arts Competition and Exhibition 2024.
ASEAN
Malaysia issues heatwave alert for 14 areas
The Malaysian Meteorological Department (MetMalaysia) has issued hot weather warnings for 14 areas across the country, particularly in the states of Perlis, Kedah, Kelantan, Sarawak and Sabah.
World
China, Thailand forge alliance for moon exploration
China and Thailand have inked preliminary agreements to collaborate on the peaceful exploration and use of space, as well as on the development of international lunar research stations.
World
MICHELIN Guide Thailand expands to Chon Buri
The Tourism Authority of Thailand (TAT) has announced an exciting expansion for the MICHELIN Guide Thailand 2025, which will now include Chon Buri province.
