The rise of President Joko Widodo, in what was undoubtedly the most democratic election the country has seen in its history, also gave rise to hopes of economic improvement. However, over the past eight months, the Widodo Administration has announced a host of new policies which have received lukewarm, if not outright negative, reactions from financial markets and investors.
One key ingredient to the Government’s plan to boost economic growth is improving the state of Indonesia’s infrastructure. The Government plans to build 25 dams, 10 airports, 10 industrial parks, and about 2,000 kms of roads all in the next five years. There is also the controversial plan of adding as much as 35 thousand megawatts of electricity to the grid.
While this plan is intended to demonstrate Indonesia’s huge potential, the Administration continues to face challenges such as slow disbursement of funds, red tape, and unclear policies in the execution of the plans. Nearly half of the 10 projects to which the President gave priority when he took office last November are languishing for lack of cooperation between Ministries. As a result, there is growing unease amongst investors and the business community about the direction of the country’s economy.
Has Indonesia’s long-term directionality changed? Has its promise of a brighter future lost its luster? Can it regain the economic, social growth momentum of the past five years?
These are the questions we hope to answer in the Indonesia Economic Forum 2015. In addition we hope to highlight the key drivers of GDP growth in the future: Infrastructure development and the increasing digital economy.
The Indonesia Economic Forum 2015 will feature expert speakers in the field such as Minister of Trade Thomas Lembong, Minister of Communications and Information Technology Rudiantara, and Kadin Chairman Suryo Bambang Sulisto. We will also present industry players like Air Asia GCEO Tony Fernandes, BerryBenka CEO Jason Lamuda, and former Indonesian Trade Minister and founder of Ancora Capital Gita Wiryawan.
The Indonesia Economic Forum 2015 will take place on 25 November 2015 at the Shangri-La Hotel Jakarta ballroom. Stay tuned to this space for further updates on the event and participation. For further information and the complete list of speakers, please visit the Indonesia Economic Forum 2015 page.