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Kamis, 19 September 2024

Indonesia Minister of Investment: Collaboration Key to Addressing Global Threats

Singapore, September 18, 2024 – Minister of Investment and Downstream Industry/Head of the Indonesia Investment Coordinating Board (BKPM), Rosan Perkasa Roeslani, stated that collaboration is the key to tackling global threats during the Asia Summit 2024.

He shared this notion as a panelist at the Milken Institute Asia Summit 2024 during the “Encouraging Greater Collaboration” session, held in Singapore on Wednesday (18/09/2024).

“Uncertainty is the greatest risk to global geopolitical stability. The answer to that is collaboration,” Rosan stated.


He emphasized that collaboration must materialize across various economic and political sectors to provide certainty for investors.


“This is the invitation we extend to investors, leveraging the existing political and economic stability as we move toward Golden Indonesia 2045,” he added.


Strategic Partnerships

Rosan explained that the Milken Institute Asia Summit 2024 served as a platform for global leaders to forge strategic partnerships, access new market opportunities, and drive sustained long-term growth. Attended by international leaders from various industries, the summit provided a forum to discuss challenges and opportunities confronting Asia.


“Especially in terms of the ever-changing global economy,” he noted.


Amid the current dynamics, he highlighted Indonesia's peaceful general election at the beginning of 2024 as a testament to the country’s political stability.


To support investors and align with the Indonesian government’s policy direction in building human capital, Rosan explained that the government has introduced a Super Tax Deduction incentive to encourage investment in research and development (R&D) and vocational training.

“The government offers significant incentives for companies involved in vocational programs and education for Indonesian workers in the form of tax reductions of up to 200%. For companies investing in R&D activities, tax deductions of up to 300% are available,” explained Rosan, who previously served as Indonesia’s Ambassador to the United States.


Abundant Renewable Energy Potential

Rosan also highlighted Indonesia's vast renewable energy potential of 3,700 GW, encompassing solar, wind, hydropower, biomass, tidal, and geothermal sources.


The challenge, he noted, lies in turning this potential into reality. He pointed out that, amid sustained global political pressures, the Indonesian government has responded with innovative policies that remain a primary focus.


“Indonesia has tremendous green energy potential, but realizing it requires collaboration from various stakeholders. 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 stated.


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.


Leaders’ Strategic Platform

The Milken Institute Asia Summit has gained a reputation as a strategic platform for government leaders, entrepreneurs, philanthropists, and economists to exchange ideas and innovations to propel the Asian economy forward.


During the event, Rosan emphasized the importance of collaboration between the public and private sectors in addressing global challenges such as climate change, technological disruption, and post-pandemic economic resilience.


The 2024 Milken Institute Asia Summit featured discussions on various topics, including technological innovation, environmental sustainability, and energy resilience.


Rosan's participation in the event showcased Indonesia’s commitment to actively engaging in global dialogues and demonstrated the country’s readiness to contribute solutions to future economic challenges.


For further information, please contact :

Ahmad Faisal Suralaga

Head of the Bureau of Communication and Information Services

Ministry of Investment/BKPM

E-mail: humas@bkpm.go.id


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