Coordinating Minister for Investments Luhut Binsar Pandjaitan: Indonesian Economy Perform Better Compared to Other Emerging Countries

29 October 2019


East Ventures’ 10th Anniversary event was attended by Mr. Luhut Binsar Pandjaitan (Coordinating Minister for Maritime Affairs and Investments of the Republic of Indonesia), who shared the positive trend of the Indonesian economy. 

According to him, the performance of the Indonesian economy is better compared to other emerging countries. He referred to a statement from World Bank that indicates the same thing.

“We still have problems here and there, but in general, we have managed to settle it domestically,” Mr. Luhut said.

That’s why he encouraged all investors to continue investing in Indonesia, while explained the potential of commodities like nickel ore, and the government’s plan to create a sovereign wealth fund with the government of Abu Dhabi that will be formalized soon. The opportunity to invest in Indonesia is opened to all parties, not limited to only a certain country or a certain organization.

“If you have any problems, let’s come over to us. We are more than happy to support your effort in Indonesia,” he said.

Related to the digital economy, he stated that the government will keep the light-touch approach. He recalled Ex-Minister Rudiantara’s (Minister of Communication and Information Technology of the Republic of Indonesia at the time of the event) message to him, which is to let the startup ecosystem do whatever they like because this is a very fast era that needs fast innovation.

Mr. Luhut also congratulates East Ventures for the 10th Anniversary, and encourages them to keep moving. “The country needs more and more efficiency, to make the country much better in the near future,” he closed.

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