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View all search resultsPresident Joko “Jokowi” Widodo’s decision to bestow Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan an even greater role is sending a strong message that the government wants to debottleneck investment hurdles and accelerate infrastructure development at a desperate time.
The Papuan People's Assembly has reportedly issued a maklumat (announcement) rejecting the creation of new provinces, saying "the development would only benefit the migrants instead of the native Papuans" as had always been the case.
Luhut, one of Jokowi’s most trusted assistants, is well-known for his no-nonsense management that gets things done, even at the risk of stepping on other ministers’ toes, as long as the action is in line with the government’s policies. His leadership and managerial skills will determine whether the licensing and implementation of investment projects will be greatly expedited.
Given its huge economy and labor force, Indonesia should be getting the lion’s share of investment moving out of China. But it isn’t. The new administration should acknowledge that Indonesia can learn from its regional neighbors, starting with its mindset toward foreign investment. Too many officials treat foreign investors with a “they need us more than we need them” attitude or assume that companies cannot afford to overlook Indonesia because of its market size. This mentality must change.
The current wave of technological change is unique in terms of the breadth of its scope and the pace of change. However, will the digital age benefit the world’s poorest people? With 3 billion people predicted to be offline still in 2023 and with many more failing to reap the internet’s full potential, the time to address digital exclusion is now.
Strong commitment is a promise that needs to be delivered on with secure and adequate financing. Indonesia is determined to utilize blended finance as an innovative financial mechanism to fund its international commitment goals, which are in line with Indonesia’s national priority strategies.
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