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Jakarta Post

New economic team ‘best option’ but raises concerns

  • Marchio Irfan Gorbiano and Adrian Wail Akhlas

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, October 23, 2019   /  11:46 am
The Jakarta Post Image
President Joko "Jokowi" Widodo and Vice President Ma'ruf Amin with their Cabinet members.(JP/Seto Wardhana)

Business players and economic observers are voicing mixed opinions over President Joko “Jokowi” Widodo’s new economic team for his second term, as a Herculean task looms amid the threat of a global recession and the United States-China trade war. The Indonesian Chamber of Commerce and Industry (Kadin) said the composition of Jokowi’s new Cabinet was the “best option”, while economic observers welcomed the appointment of ministers with caution, raising concerns of a “lack of breakthrough” to turn around the economic slowdown. “We support President Joko Widodo’s second term administration to cut red tape and deregulate. That’s because so far, complex regulatory issues and lengthy bureaucratic processes have been costly for the business sector,” said Kadin chairman Rosan P. Roeslani. The new economic team will ...