Minister of Industry Assures Singapore Investors to Increase Investment in Indonesia

By : Ridwan And Aldi Firhand. A | Friday, September 21 2018 - 23:45 IWST

Menteri Perindustrian Airlangga Hartarto (Foto: Dok. Kemenperin)
Menteri Perindustrian Airlangga Hartarto (Foto: Dok. Kemenperin)

INDUSTRY.co.id - Jakarta, Minister of Industry (Menperin) Airlangga Hartarto assured investors and Singaporean businesses to increase their investment in Indonesia.

This was revealed by the Minister of Industry Airlangga when he became the Keynote Speaker at the Indonesia Forum 2018 event: Evolving Political, Economic and Business Environment Going into 2019 in Singapore, Friday (9/21/2018).

According to him, a number of indicators indicate that the Indonesian economy is very strong, with an average growth of 5.17 percent. In addition, in the midst of the development of the digital economy, Indonesia currently has four digital startup companies called unicorns or has a market capitalization of more than USD1 billion.

"They exploit the potential of millennial generations. An example is Zaky, founder of Bukalapak, which currently has 4 million vendors and 20 million site visitors," he said.

The government targets to create as many as 1,000 technopreneurs with a business valuation of USD10 billion and the value of e-commerce reaches USD 130 billion in 2020. Meanwhile, by 2025, the value of e-commerce in Indonesia is projected to be USD150 billion.

This potential is considered to be able to grow small and medium industries (IKM) in the country. Therefore, the government has provided fiscal policy for SMIs, such as final income tax of 0.5 percent.

"We will continue to make it easier for SMIs to develop into the next generation of business people," Airlangga said.

Minister of Industry believes that the 4.0 industrial revolution opened up many new job opportunities, especially those engaged in the digital field. "So, we can shape a new economy into an innovation ecosystem," he explained.

An example is the incubation of startups conducted by Apple Developer Academy in Tangerang. "In addition, Apple is committed to opening a similar innovation center in Surabaya and Batam. They will graduate as many as 400 people in the one-year program, "he said.

Meanwhile, the Indonesian Ambassador to Singapore Ngurah Swajaya said that currently Singapore investors are still prioritizing Indonesia as the main investment destination.

"The political situation is relatively stable, and a strong democratic process is expected not to reduce investor interest to continue to invest in Indonesia," he said.

In addition, Ngurah also emphasized that the leaders of both countries have committed to continue to enhance mutually beneficial cooperation with concrete results that can be felt by the people of both countries.

"For example, development in the manufacturing industry sector," concluded Ngurah.

News Comment

Today's Industry

Körber

Sabtu, 04 Juli 2020 - 20:30 WIB

Körber Unveils Next-Generation Sorter for Supply Chain Automation

Körber, the global supply chain technology leader from software to materials handling automation, today unveils the Körber Crossbelt Sorter. The latest addition to Körber’s portfolio empowers…

Regina Karya Mahasiswi President University

Jumat, 03 Juli 2020 - 17:55 WIB

How Covid19 Affect E-Commerce

The Coronavirus has created the urgency to stay at home and work from home in this New Normal era. In the U.S, there are more than 306 million Americans who are staying at home during a pandemic.…

Joses Immanuel Souhoka - Mahasiswa President University

Jumat, 03 Juli 2020 - 16:40 WIB

The Concept of Positive Thinking: Hope The Rise of Tourism Industry from the COVID-19 Pandemic

The Covid-19 virus case is a case that has a huge impact on the world, especially the country in the Asian region such as Indonesia. The impact is very having an impact on the industry in Indonesia.…

John Baker - Security Engineering Manager and Bug Bounty Advisor for HackerOne

Kamis, 02 Juli 2020 - 17:45 WIB

Why The Future of DevOps Needs Hackers?

In my days as a Quality Assurance (QA) Engineer testing hospitality software, functional testing was seen as the last step before deployment and release. Any major defects found in the QA cycle…

Jonathan Knudsen - Senior Security Strategist, Synopsys Software Integrity Group

Kamis, 02 Juli 2020 - 17:10 WIB

That’s Not How it Works: All Development Should be Secure Development

Secure development is more important today than ever before. A vast number of cyberattacks have placed security in the spotlight, with many organisations adopting safer practices to ensure that…