East Java is the second most populous province in the country (Photo: Presidential Palace)
East Java is the second most populous province in the country (Photo: Presidential Palace)

Working Culture in East Java Can Help Attract Investment: Jokowi

English indonesian economy (en)
09 Juli 2019 20:02
Bogor: President Joko "Jokowi" Widodo is optimistic that working culture in East Java province can help boost economic development in the region.
 
"I believe that infrastructures and working culture in East Java province is very crucial to investment growth there," President Jokowi told a cabinet meeting here on Tuesday.
 
"East Java people are open-minded and hardworking," President Jokowi remarked.

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President Jokowi hopes East Java province can increase its constribution to Indonesia's gross domestic product (GDP). He asked East Java Governor Khofifah Indar Parawansa to resolve any socio-economic challenges.
 
"We have to stay focus. On one hand, we need to do things properly. On the other hand, we need to achieve our targets as quickly as possible. So we can see concrete results," President Jokowi explained.
 
Besides Khofifah and East Java provincial administration officials, the cabinet meeting was also attended by Vice President Jusuf Kalla, Coordinating Minister for Political, Legal and Security Affairs Wiranto, Coordinating Minister for Human Development and Culture Puan Maharani, Coordinating Minister for Economic Affairs Darmin Nasution, Transportation Minister Budi Karya Sumadi, Land and Spatial Planning Minister Sofyan Djalil. Besides national-level officials, the cabinet meeting was also attended by East
 
Based on a report from Bank Indonesia (BI), a general softening of national economic growth has occurred during the second quarter of 2019 as a corollary of declining export performance.
 
The recent escalation of international trade tensions has undermined export performance in Indonesia due to restrained global demand and lower commodity prices despite relative improvements for a number of commodities, including chemicals, iron and steel, coal as well as vegetable oil.
 
Non-building investment has thus far failed to increase significantly as a consequence of flagging exports notwithstanding positive building investment growth. Meanwhile, consumption is expected to pick up on the back of maintained public purchasing power and consumer confidence. Limited domestic demand gains have fed through to lower imports. Moving forward, efforts to stimulate domestic demand shall be increased in order to mitigate the adverse impact of global economic moderation stemming from international trade tensions.

 

(WAH)
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