President Joko Widodo (left) (Photo: Presidential Palace)
President Joko Widodo (left) (Photo: Presidential Palace)

Govt to Bolster Industry and Tourism Sectors in Central Java

English indonesian economy (en)
09 Juli 2019 17:30
Bogor: President Joko 'Jokowi' Widodo has encouarged all stakeholders to formulate measures that can help boost industry and tourism sectors in Central Java province.
 
According to President Jokowi, the Central Government is eager to hear inputs from regional leaders. In addition to that, his administration is also committed to supporting local export-oriented industries and potential tourist destinations.
 
"We need to push our economic growth. Central Java has a lot of potentials," President Jokowi told a cabinet meeting here on Tuesday.

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The cabinet meeting was 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, as well as Central Java Governor Ganjar Pranowo.
 
"We hope that Central Java can improve its economy," President Jokowi noted.
 
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.
 

(WAH)
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