Antara, Jakarta – State Secretary Prasetyo Hadi outlined a number of government strategies to build and restore public trust amidst economic turmoil in Indonesia.

"President (Prabowo Subianto) reiterated several undertakings that, in our opinion, are part of the efforts to instill confidence in business actors, which in turn will build public trust," Prasetyo said in a press statement at the Presidential Palace Complex, Jakarta, Monday, June 15.

Prabowo, he said, has emphasized the importance of deregulation to streamline licensing, allowing the investment climate to flourish and the national economic ecosystem to become more competitive.

Furthermore, the President called for downstream and industrialization to be accelerated, which he conveyed to Investment and Downstream Minister Rosan Roeslani. Rosan is also the CEO of the sovereign wealth fund Danantara.

Meanwhile, the strengthening of the rupiah exchange rate is inextricably linked to export and import performance. This trade performance is also linked to the implementation of downstreaming and industrialization programs.

Downstreaming and industrialization are expected to reduce dependence on imported goods while producing value-added products that will drive the country's wealth.

According to Prasetyo, Prabowo emphasized the need for deregulation and downstreaming, besides bolstering foreign investor confidence in Danantara's global bond issuance.

Prasetyo added that stability is a crucial factor in the business climate.

Therefore, the government is calling on the public, market players, and economic actors to work together and work hard to restore and strengthen the national economy.

On the same occasion, Rosan stated that the success of Danantara Indonesia's first global bond is proof that foreign investors still have high confidence in Indonesia.

Danantara, he said, had issued its first international bond worth US$1.5 billion, which garnered strong confidence from the international financial market, as reflected in the peak order book value, which reached approximately US$4.6 billion.

"This also proves that investor confidence in Indonesia is high," Rosan said.

Source: https://en.tempo.co/read/2108723/indonesian-govt-outlines-strategies-to-restore-public-trus