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Investment Minister: Collaboration Key to Addressing Global Threats
Front Row (The Jakarta Post) October 11, 2024
(Investment Ministry/BKPM)
During the Milken Institute Asia Summit 2024, Investment Minister /Investment Coordinating Board (BKPM) Chairman Rosan Perkasa Roeslani stated that collaboration was the key to tackling global threats.
He conveyed the notion as a panelist during the "Encouraging Greater Collaboration" session, held in Singapore on Sep. 18, 2024.
"Uncertainty is the greatest risk to global geopolitical stability. The answer to that is collaboration," Rosan said.
He underscored that collaboration must materialize in various economic and political sectors, with the aim of providing certainty for investors.
"We offer this invitation to investors through political and economic stability [as we move] toward Golden Indonesia 2045," he said.
Rosan explained that the Milken Institute Asia Summit 2024 served as a platform for global leaders to forge strategic partnerships to access new market opportunities and drive sustained long-term growth. Attended by international leaders from various industries, the summit served as a discussion forum for challenges and opportunities confronting Asia.
"Especially in terms of the ever-changing global economy," he added.
Amid the current dynamics, he highlighted how Indonesia held a peaceful general election at the beginning of 2024, which he pointed to as a testament to the country’s political stability.
To facilitate investors in guiding the direction of government policies toward building human capital, Rosan said the government formulated a super tax deduction incentive to push investment in research and development (R&D), as well as vocational training.
"The government will give significant incentives for companies involved in vocational programs and education for Indonesian workers in the form of tax deductions of up to 200 percent. Whereas companies investing in R&D will receive a tax deduction of up to 300 percent," explained Rosan, who has also served as Indonesia’s ambassador to the United States.
Rosan added that Indonesia had a vast renewable energy potential of 3,700 gigawatts, encompassing solar, wind, hydropower, biomass, tidal and geothermal energy sources.
The challenge, he said, lay in turning this potential into reality. He pointed out that, in the face of sustained global political pressures, the government is responding with innovative policies.
"Indonesia has tremendous green energy potential, the realization of which will not take place without the collaboration of various parties. The key is fostering partnerships between the government and the private sector. We are promoting public-private partnerships [PPP] to accelerate the green energy agenda," Rosan said.
He also reiterated the government's commitment to boosting Indonesia's global competitiveness by enhancing human capital and accelerating the transition to a green economy.
The Milken Institute Asia Summit has earned a reputation as a strategic platform for government leaders, entrepreneurs, philanthropists and economists to exchange ideas and innovations that can propel the Asian economy forward.
During the occasion, Rosan expressed his view regarding the importance of collaboration between the public and private sectors in tackling global challenges such as climate change, technological disruption, and post-pandemic economic resilience.
The 2024 Milken Institute Asia Summit featured discussions on various topics, from technological innovation and environmental sustainability to energy resilience.
Rosan's participation in the event demonstrated Indonesia’s commitment to actively engage in global dialogues while ensuring that Indonesia is ready to become the solution to future economic challenges.
Source: www.thejakartapost.com