VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

VOINews, Jakarta - The Ministry of National Development Planning/National Development Planning Agency (Bappenas) stated that the government is preparing an attractive financing scheme to attract investors to invest in development of the Nusantara Capital City.

"The government realizes that due to fiscal limitations, it will not be enough to finance the construction of Nusantara that requires enormous funds," Bappenas' Deputy Minister for Development Funding Scenaider Siahaan stated here on Wednesday.

At the "Opportunities of Investment and Infrastructure Financing in the Capital City of Nusantara" event, he remarked that the government will rely on four sources of funding for the development of Nusantara, namely the state budget (APBN), local government budget (APBD), Public Private Partnership (PPP), and purely from the private sector.

Siahaan remarked that the government will prioritize the PPP scheme for Nusantara's infrastructure development.

According to Siahaan, the PPP scheme can encourage private participation in the development of the capital city's infrastructure.

"The government will prepare a simpler and faster PPP scheme," he stated.

The government will prepare a PPP scheme that has a shorter period for completion of projects, which is six months for projects initiated by the private sector. In addition, the government will grant various incentives to investors, including tax incentives.

Siahaan emphasized that the government is committed to creating a conducive investment climate for Nusantara's development. The government will also ensure legal certainty and consistency in the implementation of Nusantara's development.

"As the law is already in place, we will continue to ensure legal certainty and consistency, and the government's administration (policy implementers) will also support this," he remarked.

The government expected that the attractive financing scheme can boost investors' interest in participating in the Nusantara development.

In addition, he remarked that the increase in investment is important in accelerating Nusantara's development to make it a new center of economic growth in Indonesia. (Antaranews)

VOINews, Jakarta - Indonesia must ensure the continuation of the G20 Summit's commitment that was declared in Bali on November 15, 2022, into this year's G20 Summit in New Delhi that was held on September 12, 2023.

The statement was made by Coordinating Minister for Economic Affairs Airlangga Hartarto here on Wednesday.

"As part of the Troika, Indonesia has the responsibility to ensure the continuity of Indonesia's initiatives in the G20 forum," Hartarto remarked.

Meanwhile, Indonesia had several key priorities in the Indian G20 Presidency, including ensuring the implementation of commitments agreed at the G20 Bali Summit, especially in global health architecture, digital economy transformation, and energy transition.

One of the main focuses in the digital economy transformation is cybersecurity and regulations related to artificial intelligence (AI).

Meanwhile, the energy transition priorities include the downstream of manufacturing industries and efforts toward a low-carbon economy.

Hartarto underlined the importance of supervision and adjustment to the development of digital transformation, considering the speed of AI growth, which is often faster than regulatory efforts.

He said that supervision is necessary to manage the risks that come with the development of digital technologies.

In addition, Indonesia affirmed its commitment as a neutral country and stuck to the theme of India's G20 Presidency, namely of "One Earth, One Family, One Future."

With the spirit of togetherness, Hartarto expressed hope that all parties would create a fairer economy and get equal access to resources.

On the first day of the G20 New Delhi Summit, President Joko Widodo (Jokowi) highlighted three keys to world development, namely stability, solidarity, and equality. He said that global growth must be supported by stability through strong dialogue and cooperation.

"The G20 forum must provide support to developing countries in the global supply chain with the principles of fairness and inclusion," Hartarto remarked. (Antaranews)

VOINews, Jakarta - Finance Minister Sri Mulyani Indrawati described the 2022 State Budget as a fiscal instrument that helped recover the national economy amid the threat of global recession and geopolitical risks.

She noted that the world experienced the threat of recession and fluctuations in food and energy prices, which caused the worst increase in inflation on record in 40 years.

"The condition of global uncertainty, of course, affects and threatens the Indonesian people, the Indonesian economy, economy and finance. Because the world is indeed interconnected," she said at the 5th Plenary Meeting of the House of Representatives (DPR) here on Tuesday.

Indrawati informed that the year 2022 saw complications in the form of worsening geopolitical rivalries, such as the Ukraine-Russia conflict.

She said that 2022 was also the third year of the COVID-19 pandemic, which had an enormous impact on the world, including Indonesia.

The 2022 State Budget was used to protect the community through several programs, such as the national economic recovery (PEN) program that focused on handling health, community protection, and economic recovery, the minister added.

She noted that Indonesia's economy managed to grow 5.3 percent in 2022 compared to the previous year, while the world grappled with the highest inflation and a very rapid and extreme increase in interest rates in just 12 months.

The national economic growth figure exceeded the target of 5.2 percent.

Indonesia also managed to reduce the poverty rate from 9.71 percent to 9.57 percent. In addition, she continued, the open unemployment rate declined from 5.86 percent to 5.49 percent.

"This is an amazing situation. Economic recovery occurred evenly in all sectors and all regions in Indonesia," she highlighted.

According to her, economic recovery is proceeding quickly and consistently, thereby boosting Indonesia's gross national income (GNI) per capita. The minister said that the GNI increased by 9.8 percent to reach US$4,580 per capita in 2022.

This, she said, led to Indonesia being categorized as an upper-middle-income country again.

"We are grateful that Indonesia has been able to protect its people and effectively recover the economy by using the State Budget instrument," she said. (Antaranews)

VOINews, Jakarta - Indonesia's Ministry of Tourism and Creative Economy on Monday released the 2023–2024 Tourism and Creative Economy Outlook, which contains comprehensive information on the latest developments in the tourism and creative economy sector.

Tourism and Creative Economy Minister Sandiaga Salahuddin Uno said the newly launched outlook could be used as a guide by tourism and creative economy players in formulating strategic plans for 2023–2024.

"I invite everyone to read the newly issued outlook. For tourism players, please ensure to see it point by point because it contains important information, including regarding Indonesia's creative economy," he added.

Uno also sought a more comprehensive review of the outlook's content through a focus group discussion (FGD). This could result in a number of recommendations regarding strategies or programs for developing the tourism and creative sector.

The ministry's deputy for strategic policies, Dessy Ruhati, explained that this year, her side is focusing on the spirit of innovation and collaboration. The guideline contains an expert survey that documents views from several leaders and experts from tourism and the creative economy sector.

In addition, the outlook also outlines the achievements of the tourism sector. Readers can also get information on the latest data and statistics, especially regarding the growth of the sector, its economic contribution, and significant events affecting it.

Furthermore, she informed, it covers the conditions and dynamics of the strategic environment that affects the sector, including an analysis of the macroeconomics and digital transformation that effect changes in tourism and creative economy, among others.

"Of course, the digitalization of products and artificial intelligence have a significant role and create challenges related to intellectual property rights," she said.

She expressed the hope that going forward, digitalization and business players' capacity-building programs would continue to remain a focus.

The 2023–2024 Tourism and Creative Economy Outlook can be accessed on tasransel.kemenparekraf.go.id or motce.id/outlook2324. (Antaranews)