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Jakarta Post

Government wants to revive manufacturing to spur GDP growth

  • Riza Roidila Mufti
    Riza Roidila Mufti

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, September 5, 2019   /  05:19 pm
The Jakarta Post Image
Bank Indonesia Governor Perry Warjiyo(Kompas.com/Mutia Fauzia)

  Flashy lights illuminated a room at the Bank Indonesia (BI) headquarters in Jakarta, where high-rank officials in batik were gathered to discuss one thing: What could be done to bring back Indonesia’s manufacturing heyday to boost economic growth? Representatives of BI, the Financial Services Authority (OJK), the Office of the Coordinating Economic Minister, the Industry Ministry, the Trade Ministry, the Finance Ministry and the Public Works and Housing Ministry, as well as regional governments and the private sector, convened in the quest for the ultimate answer. After a full-day coordination meeting, the central bank leadership announced on Wednesday evening six measures to spur the manufacturing, an important element of Indonesia’s economy, but one that has in recent years seen a persistent decline in its contribution to the country’s gross d...