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View all search resultsFaisal, who was well known for his vocal opposition of the government's recent economic policies from nickel downstreaming to deindustrialization, died at 3:50 a.m. on Thursday at Mayapada Hospital and was laid to rest at the Menteng Pulo Cemetery in South Jakarta.
President Joko “Jokowi” Widodo’s policy to develop the country’s mineral downstream industry, especially for nickel, is once again facing scrutiny after senior economist Faisal Basri called out the policy for benefitting other countries, especially China, more than Indonesia. Jokowi refuted Faisal’s claims, sparking a series of counterarguments from his camp in defense of the policy.
“We should have controlled the virus spread first before the economy could grow. If the virus cases declined, the economy would automatically pick up," University of Indonesia senior economist Faisal Basri told lawmakers.
The University of Indonesia’s senior economist, Faisal Basri, said the current virus crisis would have a deeper effect on the country’s economy than the financial crisis of 2008 and would further drag down the country’s economic growth.