Rupiah is volatile, work on strategic projects is not postponed

By : Herry Barus And Aldi Firhand. A | Friday, September 07 2018 - 20:02 IWST

Budi Karya Sumadi
Budi Karya Sumadi

INDUSTRY.co.id - Jakarta - To save the rupiah from weakening, the government will temporarily suspend several infrastructure projects. The aim is to reduce the import of raw materials which have so far contributed to the country's foreign exchange.

But Transportation Minister Budi Karya Sumadi asserted that infrastructure related projects will not be stopped. Because President Joko Widodo (Jokowi) has confirmed that the national strategic project (PSN) will not be stopped.

"The president said that national strategic projects have not been stressed, go ahead," he said at the DEA Tower, Jakarta, Thursday (6/9/2018).

Budi also emphasized that projects related to transportation infrastructure were maintained because they were considered to have an impact on the large economy, so it was decided to be maintained.

"In fact, I convey it in a meeting like in (Port) Patimban this will give a blessing to the world of extraordinary sea connectivity. So keep going," he said.

Even so, Jokowi, Budi said, stressed that national strategic projects must be cost efficient, have large local content, and must include local players.

"So we have employment, save foreign exchange, even we can also become our own source of foreign exchange," he added.

News Comment

Today's Industry

Construction of RISHA housing units. Photo by: PR of Ministry of Public Works and Public Housing.

Selasa, 18 Mei 2021 - 23:05 WIB

Gov’t Builds Houses for Disaster-Hit Communities in East Nusa Tenggara

Ministry of Public Works and Public Housing has started the reconstruction of permanent housing for communities affected by flash floods and landslides in the Province of East Nusa Tenggara.

Coordinating Minister for Human Development and Culture Muhadjir Effendy and Minister of Transportation Budi Karya Sumadi (Photo by: PR of Ministry of Transportation)

Selasa, 18 Mei 2021 - 22:00 WIB

Transportation Minister Urges Passengers Passing Through Bakauheni Port to Take COVID-19 Antigen Test

In a bid to anticipate reverse flow traffic after Eid al-Fitr, passengers passing through Bakauheni Ferry Port are required to take a mandatory rapid antigen test prior to their departure as…

The signing situation of an offtake agreement, PT Citra Borneo Utama (CBU) and Grand Resources Group (Singapore) Pte, Ltd. (Photo: PT Sawit Sumbermas Sarana Tbk Public Relations)

Selasa, 18 Mei 2021 - 20:55 WIB

Citra Borneo and Grand Resources Sign Stearin and Olein Offtake Agreement

Pangkalan Bun - PT Citra Borneo Utama (CBU) and Grand Resources Group (Singapore) Pte, Ltd. (GRGS) virtually signed an Offtake Agreement for the provision of palm oil derivative products, namely…

Coordinating Minister for Economic Affairs Airlangga Hartarto

Selasa, 18 Mei 2021 - 20:01 WIB

Chief Economic Minister: Economic Recovery Continues in Q2

Indonesia’s national economy will continue to recover and show an upward trend in the second quarter of 2021, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.

A virtual press conference on the anticipation of people mobility and prevention of the COVID-19 spread after Eid al-Fitr period, Saturday (15/05). Photo by: PR of Coordinating Ministry for Economic Affairs

Selasa, 18 Mei 2021 - 19:08 WIB

Gov’t Imposes COVID-19 Random Test, Mandatory Check Policy for Reverse Exodus Travelers

In a bid to anticipate reverse-exodus after Eid al-Fitr period and prevent the spread of COVID-19, the Government has announced it will impose a policy on COVID-19 random-test and mandatory-check…