TEMPO.CO, Jakarta - President Joko “Jokowi” Widodo emphasized the importance of investments in regional levels which could be the source for new job opportunities. During an online meeting with regional leaders at the State Palace, Jokowi specifically mentioned the Job Creation Law (UU Cipta Kerja).
He maintained that the law’s implementation must be backed by the support of these regional leaders. The president made it clear that in time, investments will eventually become an area’s economic driver.
“Provinces, regencies, or cities must not slow down investment permits as these investments are what create jobs,” said Jokowi in the coordination meeting on Wednesday, April 14.
He believes that unpreparedness of regional administrations towards accommodating investment permits will only help slow down local economic growth, which will also help slow the growth of the national economy.
“76 percent of the country’s income is from taxes. That is enormous. If investors establish new corporations, factories, or other industries, this means there are taxes to be paid which can add [to the country’s income],” said Jokowi.