Steve Forbes, the CEO of America’s Forbes Media, sees Indonesia on the right economic track. In an exclusive Interview with ANTARA in Jakarta on Friday (Sept 2, 2016), he argued that by implementing policies such as the reduction of a number of barriers of commerce, the country is making promising steps to deal with the tight competition in the global economy. The Indonesian government has indeed started to incrementally decrease tariff barriers for some commodities to support the country’s adjustment to the free market era.
Forbes added that Indonesia’s policy changes such as for example the start of a tax amnesty program, are imperative for the country’s survival and competitiveness in the global economic race. Those changes are the reason why Forbes is positive on current economic developments in the country. He hopes that the Indonesian government will continue to evaluate and modify existing policies, come up with beneficial changes and breakthroughs and align regulations with the global economic development. Forbes reiterated that once Indonesia has made these evaluations and undertaken innovations, it will serve as an excellent prototype for advancement.
President Joko “Jokowi” Widodo had earlier declared his commitment to decrease barriers hindering investment of foreign investment into the country. He argued that the State Budget (APBN) is very limited, so that investments and investors are needed to build harbors and airports and to boost economic growth in the country.