James Riady Says Entrepreneurs Who Doubt Indonesia Can Be Left Behind

Entrepreneur who is also the owner of the Lippo Group, James Riady. (Teddy VOI)

JAKARTA - Entrepreneur who is also the owner of the Lippo Group, James Riady, believes that the business world should not be stuck in worries due to global turmoil for too long. He said that Indonesia is actually being looked at by many parties, especially for the future technology sector.

James conveyed this after hearing President Prabowo Subianto's presentation at the Presidential Palace Complex, Jakarta, Friday, July 31.

According to James, Kadin sees the President has a clear vision in facing economic challenges. This vision is not only surviving the pressure, but also looking for opportunities to put Indonesia stronger in the future.

"Kadin is impressed that this is a President who has a clear vision. A vision for the defense of our nation's economy in the midst of the current challenges," said James.

He said a number of government programs, ranging from food self-sufficiency, industrialization, energy security, to public housing, signaled a clearer economic direction.

James also alluded to Danantara, who he said was the spearhead of the Indonesia Incorporated concept.

According to James, the business world must still focus on creating jobs and encouraging investment, especially in the regions. James considers the region to be an important foundation for Indonesia's future.

He admitted that not all entrepreneurs have the same beliefs. In the midst of a turbulent global situation, some entrepreneurs may be worried.

However, James assessed that excessive concerns could make business actors lose momentum.

"But in general we see that the world is looking at Indonesia," he said.

James said that retail and stores are currently also expanding. In fact, according to James, many malls in Indonesia lack rental space.

"If we look at malls across Indonesia, they lack places to rent. Lack of. So overall, it is now expanding," said James.

He said only a small number of business actors were still hesitant because of the global situation.

"But those who will be left behind, those who will lose. So we are very confident, there is no doubt about Indonesia," he said.

James still reminds entrepreneurs to be careful. According to him, the era of turmoil requires the company's financial structure to be better arranged.

He gave an example of the practice of borrowing short-term US dollar funds to develop businesses in Indonesia is now becoming more difficult.