TEMPO.CO, Jakarta - President Joko “Jokowi” Widodo led a limited meeting on investment management and requirements in the Presidential Office, Jakarta, Wednesday, September 25.
During the meeting, Widodo demanded his ministers submit reports on latest developments in light of their efforts in encouraging the business ecosystem to support investment.
“So that the progress will be more precise, and not repeated. I’d let Cabinet Secretary Minister expose it more,” he said.
According to the President, today’s limited meeting was a continuation of the previous one. Based on the information he obtained, the sluggish global economy caused many countries experiencing recession.
Widodo then reminded his staffers that the government is racing against time to provide assurance and legal certainty on investment in the country. “[We must] quickly take a move by cutting down, simplifying regulations that hinder [the investment],” he said.
Starting this month, the President held intensive meetings regarding efforts to tackle the global economy weakening. In early September, the World Bank visited Joko Widodo and reminded Indonesia to remain vigilant and improve the current account deficit through foreign investment.
A day after the meeting with the World Bank, Jokowi set a limited meeting. He instructed ministers to list regulations that were considered curbing investment inflows.