TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Invest in Indonesia, even during political years: Airlangga
Airlangga said that Indonesia had gone through so many election cycle before that political tension was no longer an issue and that the country's economy had proven to be insulated from politics.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Coordinating Minister for Economic Affairs Airlangga Hartarto attends the 29th APEC Economic Leaders’ Meeting (AELM) during the Asia-Pacific Economic Cooperation (APEC) summit in Bangkok on November 19, 2022.
(AFP/Jack Taylor)
C
oordinating Minister for Economic Affairs Airlangga Hartarto has urged foreign investors to keep coming to Indonesia and invest in the country despite the intensifying political competition ahead of the 2024 general elections.
Airlangga said that Indonesia had gone through so many election cycles before that political tension was no longer an issue and that the country's economy had proven to be insulated from politics.
"Be confident in your investment here as the government can give guarantees. Also the legislature gives guarantees," Airlangga said in a speech to a seminar on Tuesday.
Airlangga, who also served as the chairman of the country's third-largest political party Golkar, said that the flurry of political activities in the lead-up to polling day had in fact contributed to Indonesia's economic growth.
The senior minister was also optimistic that Indonesia could register impressive economic growth this year, on the back of last year's achievement.
"Last year, the economic growth was 5.3 percent year-on-year, the highest in the past 10 years," Airlangga said.
In the December Indonesia Economic Prospect (IEP) report, the World Bank cut Indonesia’s 2023 economic growth outlook to 4.8 percent from its September prediction of 5 percent.
