COVID-19 and Investment in Indonesia
INDONESIA STUDIES PROGRAMME WEBINAR
About the Webinar
Attracting new investment is critical for Indonesia’s economic recovery from the current COVID-19 crisis. The pandemic has caused significant setbacks to the country’s economy. According to an estimate by the National Development Planning Ministry, more than 5 million people may lose their jobs this year due to the COVID-19. Indonesia’s GDP is expected to shrink 1.1 percent this year.
Boosting private investment as the main driver of economic growth has been one of President Joko “Jokowi” Widodo’s main priority programs since the outset of his first term in late 2014. This priority continues going into his second term (2019-2024). Moreover, in his annual address to the House of Representatives on August 14, President Jokowi stated that the government will continue focusing on infrastructure development to attract investment.
Nevertheless, the ongoing global health crisis has caused a decline in new foreign direct investment (FDI) into the country. It also has adversely affected the progress of some major investment projects. This webinar will discuss the impact of COVID-19 on investment in Indonesia. It will look at how the pandemic might have led to some adjustments as well as new investment opportunities in some sectors. The speakers will shed light on Indonesia’s policy and strategy in attracting investment.
About the Speaker
Septian Hario Seto is currently a Deputy of Investment and Mining Coordination to the Coordinating Minister for Maritime Affairs and Investments of Republic of Indonesia. Since 2015, he has held the position of an Expert Staff in different ministries: Executive Office of the President, Coordinating Ministry for Political, Legal, and Security Affairs, and Coordinating Ministry for Maritime Affairs and is recognized as project structurer amongst the government and private sector stakeholders. Seto graduated from the University of Indonesia with BA in Economics in 2006. He earned his Master degree from SKEMA Business School, France, in 2008.
About the Discussant
Richard Borsuk has worked as a journalist in Southeast Asia for more than 40 years, including 11 years in Jakarta as the Wall Street Journal’s Indonesia correspondent. Along with Nancy Chng, he authored a book on modern Indonesian history, “Liem Sioe Liong’s Salim Group: The Business Pillar of Suharto’s Indonesia”, published in 2014 by ISEAS. Borsuk majored in Asian Studies at the University of Wisconsin. He works with Researching Southeast Asia Pte Ltd, a consultancy, and is an adjunct senior fellow at the S. Rajaratnam School of International Studies (RSIS).
This webinar will be delivered online entirely. You can join the webinar at the specified date and time using devices (computer, phone, or tablet) with internet connection.
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1. Install the Zoom client onto your computer or download the app on your mobile device.
2. Set up a Zoom account, using the following link: https://zoom.us/signup
3. Click on the unique link in your email.
For the best experience, please mute your microphone. If you have questions for the speaker, please key in your questions via the Q&A, stating your name and affiliation. The moderator will field them to the speaker and the discussant during the Q&A session.