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Jokowi warns investment board to keep rivalry mindset, speed
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President Joko "Jokowi" Widodo speaks to the press in Jakarta on Oct. 11, 2016. (Antara/Rivan Awal Lingga)
P
resident Joko “Jokowi” Widodo has warned investment agencies not to lose against other countries in luring global investments, amid tight competition in the globalization era.
The former businessman repeated the message five times in his speech in front of Investment Coordinating Board (BKPM) and 531 regional investment agencies’ (DPM PTSP) representatives during BKPM national coordination meeting in Bali Nusa Dua Convention Center on Friday.
“We live in a very tight regional and global competition era, when investors have many choices. It’s true we’re one an ASEAN member nation, and we hold hands when we meet, but I also think they are our rivals. If we don’t have that kind of [rivalry] sense, we may lose out,” he said.
(Read also: BKPM to standardize investment procedures, forms)
Besides the need to maintain a rivalry mindset, the President also warned them to optimize technology to accelerate the investment process. Unifying vision, standards and good coordination with the central government are also essential, according to Jokowi.
“If we are not quick enough to adapt with the ever-changing technology, and if you don’t immediately adopt a unifying vision, standards and regulations with the central government, we could lose out,” he said. “Today, it’s not big countries beating the small ones or the strong beating the weak. It’s the fast beating the slow ones,” he remarked. (ags)
