How to Stabilize Indonesia’s Regulatory Seesaw

The Indonesian government has played down the Washington Post’s mistaken labeling of Indonesian Defence Minister Ryamizard Ryacudu as President Joko Widodo in a photo caption.

Indonesia intends to join the Trans Pacific Partnership (TPP) trade agreement, President Joko Widodo told US President Barack Obama at the White House on Monday.

GE vice chairman John Rice said: “Through this investment, we hope to expand our local business operations significantly, in a way that we believe will lead to a multiplier effect on the economy”. Also, as Indonesia takes steps to enhance power generation, GE will be there to provide the required technology. The news signaled a turnaround of Indonesia’s trade policy, which has focused on forming the Regional Comprehensive Economic Partnership among 16 Pacific Rim countries including China. In addition, GE will help build Indonesia’s human capital through technical and leadership training programs.

Altogether, the investments are expected to yield significant returns in the shape of transfer of technology and growth of supply chains that the various sectors could benefit from. GE’s investment in its three facilities have directly provided jobs for 800 Indonesians, supported the local supply chain and enhanced export capabilities for the country. In the area of healthcare, GE will assist in the provision of universal healthcare by developing Indonesia’s primary healthcare ecosystem.

President Jokowi made a pledge on Sunday, during a gathering of more than 1,000 Indonesians living in the United States, that his administration would pay more attention to the growing role of the Indonesian diaspora and seek a way to allow dual citizenship for Indonesian citizens and their families who have permanently settled overseas. In addition to technology, GE can bring comprehensive financing solutions and development expertise to help the country deliver on its infrastructure projects. That will include the setting up of 100 primary care clinics.