Confident That Indonesian Investment Will Be On Par With Singapore And Hong Kong, Erick Thohir: Thank You Omnibus Law

SOE Minister Erick Thohir. (Photo: Doc. Antara)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir believes that Indonesia can be on par with Singapore and Hong Kong in terms of investment. Because, said Erick, the presence of Law Number 11 of 2022 concerning Job Creation (Omnibus Law) provides investment convenience.

Currently, said Erick, Indonesia is ranked 66th in the composition of countries in the world with the best investments. According to Erick, this position has crept up from the previous rank of 90.

To achieve Indonesia's position that is even better and on par with Singapore and Hong Kong, said Erick, the government also continues to encourage ease of regulation so that massive investment occurs in the country.

"We can also see that our ranking has increased from 90 to 66 now. Are we satisfied now? No, we must push our global financial sector as close as possible to Hong Kong and Singapore so that we can be competitive," he said in a webinar, quoted Wednesday, March 23.

In the scheme, said Erick, the government targets 55 percent of investment to come from domestic investors. Meanwhile, 45 percent came from foreign investors. Erick views this scheme as a balance of investment.

In fact, Indonesia is the country with the best investment company compared to the United Arab Emirates (UAE), Portugal, Malaysia, and a number of other countries. Erick Thohir said he got the information from an article published by media from the United States.

Therefore, Erick does not agree with the negative view of the Omnibus Law. Because, according to him, the sweeping universe law provides convenience and ensures the development of employment in Indonesia.

"Thank you Omnibus Law, yesterday there were a lot of negative thoughts, this Omnibus Law actually ensures the development of Indonesia's employment and economy. This is actually encouraging, we look at the latest data, now according to one of the US media, Indonesia is now one of the best investment companies compared to Portugal, Lithuania, UAE, Malaysia, and others," he said.

According to Erick, the article is quite reasonable. This is because a number of indicators that show an increase in investment in a country have already occurred in Indonesia.

"Of course, there is a reason here, one here is an indication of corruption, dynamic, economic skills, we have great skills. Entrepreneurship is still needed, favorable environment, innovative and others," he said.