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View all search resultsGovt needs private sector to reach optimal growth, Rosan says
Businesses and analysts stressed that any legal action against private companies and their executives must be carried out properly and transparently to prevent perceptions of selective or politically driven prosecution.
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The logo of the country’s second sovereign wealth fund, Daya Anagata Nusantara (Danantara), adorns the frontispiece of its headquarters on Feb. 28 in Menteng, Central Jakarta. (Reuters/Willy Kurniawan)
D
espite growing scrutiny of private businesses, the government has pledged to “respect the market” and keep the private sector at the heart of economic growth.
Businesses and analysts welcomed the message but stressed that any legal action against private companies and their executives must be carried out properly and transparently to prevent perceptions of selective or politically driven prosecution. They also warned that state asset fund Danantara should act as “a catalyst” rather than a “main actor,” so as not to diminish the role of the private sector.
Investment Minister Rosan Roeslani stated that although the government wants to adopt a more “active” stance in accelerating Indonesia’s economic growth, it remains committed to welcoming private-sector participation and respecting market mechanisms.
“We are listening to the input of many CEOs, allowing us to align government strategy with the insights of the business community, which is essential for achieving faster and better outcomes,” he said in his address at the 16th Kompas100 CEO Forum in Tangerang, Banten, on Wednesday.
Rosan, who is also the CEO of Danantara, the government’s superholding for state-owned enterprise (SOE) operations and investment, stressed that even with the establishment of the agency he leads, the government cannot shoulder the burden alone.
“Danantara plays one of the most crucial role, but [the economy] will never reach its full potential if we try to go it alone. [We can only get there] if we move together with all of you [in the private sector],” he said.
“I think it’s clear that the government, as a regulator, must maintain a healthy balance between private companies and SOEs.”
