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Indonesian President highlights three key economic, business strategies

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Indonesian President highlights three key economic, business strategies
Indonesian President highlights three key economic, business strategies

Indonesian President Joko Widodo has highlighted three essential financial and enterprise strategies, comprising industrial downstreaming, digitising micro, small and medium firms (MSMEs); and growing a inexperienced economy.

Indonesian President highlights three key economic, business strategies

Addressing an on-line assembly with one hundred economists on August 26, the President stated on industrial downstreaming, the authorities has stopped the exports of uncooked materials, such as nickel, and in future, it will prioritise commodities, such as bauxite, gold, and copper.

The president is anxious for all uncooked substances to be processed into excessive price and aggressive merchandise earlier than they are exported. According to Jokowi, the application has already been successful. For example, in the first 1/2 of 2021, there had been 10.5 billion USD really worth of metal and iron exports.

All uncooked substances are processed into value-added and quite aggressive merchandise earlier than being exported, he said, including this programme has already yielded results, for instance, the exports of metal and iron that have been valued at 10.5 billion USD in the first half of of 2021.

Regarding the digitisation of MSMEs, the president stated the authorities is eager to see extra MSME gamers to run digital businesses.

As of August 2021, about 15.5 million MSMEs had registered on the digital platform and are projected to penetrate the world market.

He affirmed that the authorities will proceed to push the digital transformation as Indonesia have round 60 million MSMEs.

Meanwhile, the 1/3 method pertained to focal point on the inexperienced economy. The President ensured that the future of inexperienced economic system merchandise in Indonesia is very promising.

According to the president, Indonesia will construct a inexperienced industrial park that will produce inexperienced products, and use inexperienced electricity and renewable electricity in this October. 2021./.

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