Jokowi Urges Investment Services to Heed Smaller Investors

24 November 2021 13:28 WIB

Indonesian President Joko Widodo talks to media during a meeting and visit alongside other ambassadors to a plant nursery for forestry in Bogor, West Java province, Indonesia, November 19, 2021. REUTERS/Yuddy Cahya Budiman

TEMPO.CO, Jakarta - President Joko “Jokowi” Widodo on Wednesday urged regional administrations and one-stop integrated services (PTSP) to not discriminate between investors and said services for new potential investors should be improved, whether small, medium, or large-sized investors. 

“Small businesses are also investors. Don’t imagine investors to exclusively be foreign and large-sized. Once an investment pops up, there will be more money in circulation,” said the President in the national coordination meeting on investments in Jakarta on November 24.

The President asserted that investments can take the role to strengthen economic growth amidst the Covid-19 pandemic and that it is one of the most reliable sources for the State Budget (APBN), which is currently burdened in covering costs to recover the national economy. 

He also ordered governors and mayors to set a target for PTSPs to issue permits for smaller investors. “Once they hold permits, it will be easier for them to access finance institutions and banks,” said Jokowi. “Even if we provide great services [investments] don’t necessarily arrive, let alone those we do not serve.”

Read: Luhut Pandjaitan Says Pfizer, Merck to Invest in Indonesia

FRANCISCA CHRISTY ROSANA 



Jokowi, FIFA President Discuss Indonesia's Football Governance

46 menit lalu

Jokowi, FIFA President Discuss Indonesia's Football Governance

President Jokowi has contacted FIFA president Gianni Infantino via phone call.


Jokowi Speaks with FIFA about Kanjuruhan Football Tragedy

6 jam lalu

Jokowi Speaks with FIFA about Kanjuruhan Football Tragedy

Indonesia's President Jokowi claimed he had spoken with FIFA President Gianni Infantino to discuss the Kanjuruhan football stadium tragedy on Monday.


Jokowi in Malang to Give Aid to Kanjuruhan Football Tragedy Victim

7 jam lalu

Jokowi in Malang to Give Aid to Kanjuruhan Football Tragedy Victim

President Joko Widodo is scheduled to provide compensation to the families of the victims of the Kanjuruhan Football Stadium Tragedy in Malang


Jokowi to Visit Kanjuruhan Tragedy Victims on Thursday, Says Mahfud MD

1 hari lalu

Jokowi to Visit Kanjuruhan Tragedy Victims on Thursday, Says Mahfud MD

Coordinating Minister Mahfud MD revealed that President Jokowi will soon visit the victims of the Kanjuruhan stadium tragedy in Malang, East Java.


Covid-19 Pandemic Could Soon End, Says President Jokowi

2 hari lalu

Covid-19 Pandemic Could Soon End, Says President Jokowi

Jokowi hinted at the possibility that the government will announce the end of the Covid-19 pandemic.


Jokowi Advises Big Companies to Cooperate with Local Businesses

2 hari lalu

Jokowi Advises Big Companies to Cooperate with Local Businesses

President Jokowi has called on big companies to care about small businesses operating nearby, such as by establishing a partnership.


Jokowi Ratifies Largest Regional Trade Agreement

4 hari lalu

Jokowi Ratifies Largest Regional Trade Agreement

President Jokowi enacted a law that marks the ratification of the Regional Comprehensive Economic Partnership


Jokowi to Lead Annual Ceremony of Pancasila Sanctity Day

5 hari lalu

Jokowi to Lead Annual Ceremony of Pancasila Sanctity Day

President Jokowi is scheduled to lead the annual ceremony to commemorate Pancasila Sanctity Day on Saturday, October 1, 2022.


Students Continue to Protest Today as 'Act Against Regime's Betrayal'

5 hari lalu

Students Continue to Protest Today as 'Act Against Regime's Betrayal'

Students joined in BEM SI will stage yet another demonstration to voice several problems in the administration of President Jokowi today.


Jakarta Wants MRT to Acquire KCI as Instructed by Jokowi

6 hari lalu

Jakarta Wants MRT to Acquire KCI as Instructed by Jokowi

MRT Jakarta's plan to acquire the shares of PT KCI was mandated during a limited meeting chaired by President Jokowi years ago.