Update COVID-19 in Indonesia: 497,668 confirmed infections, 15,884 deaths (23 November 2020)
23 November 2020 (closed)
USD/IDR (14,145) +15.01 +0.11%
EUR/IDR (16,851) +3.05 +0.02%
Jakarta Composite Index (5,652.76) +81.11 +1.46%
The manufacturing sector is a strategic one for the Indonesian economy (albeit it is facing a number of major challenges). The Indonesian government therefore has high hopes and ambitions for the national manufacturing sector.
For example, the Indonesian government wants to raise the number of Indonesians working in the manufacturing sector to 20 percent of the total workforce by 2024. Meanwhile, the central government also has high hopes for the development of high value-added manufacturing exports (particularly electronics, chemical products and new high-tech technologies).
The problem solver for it all is (quality) private investment. But to encourage private sector players, in particular the foreign ones, to invest in Indonesia, it first requires the establishment of a conducive investment environment.
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