The government will also continue to prepare attractive incentive schemes to support domestic and foreign investors
Jakarta (ANTARA) - Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has said that the Indonesian government would continue to prepare various reforms of regulations to support investment and encourage economic transformation in the country.

"The government will also continue to prepare attractive incentive schemes to support domestic and foreign investors," Pandjaitan said at the 2022 Mandiri Investment Forum here on Wednesday.

The Minister explained that, currently, the government has provided various incentives, ranging from tax holidays, easing of licensing regulations, incentives for industrial estates, and prioritising the level of domestic component (TKDN) for government procurement in National Strategic Projects (PSN).

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"In the future, we will continue to focus on implementing regulations to facilitate investment that can encourage Indonesia's economic transformation. We hope that investors will not hesitate to contact me if they have problems investing in Indonesia," he added.

Pandjaitan said, amid the increasing cases of COVID-19 due to the Omicron variant, that the Indonesian government remained vigilant and would continue to handle the pandemic, starting from accelerating vaccinations, enforcing health protocols, enforcing 3M movement (wearing masks, washing hands, avoiding crowds), enforcing 3T (tracing, testing, treatment), and enforcing the use of PeduliLindungi applications in public places.

However, the Omicron variant is not the only uncertainty that will be faced in 2022. Climate change is also one of the main issues that must be a concern of the government, Pandjaitan stated.

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In line with its focus on global warming and its commitment to the Paris Agreement, Indonesia will continue to ensure that investments in Indonesia must be sustainable and environmentally friendly.

"We want to ensure that incoming investments must be environmentally friendly," he said.

Pandjaitan also reviewed a number of government policies related to commitments to mitigate the impact of climate change, ranging from terminating coal-based steam power plants, using new and renewable energy (EBT), and implementing carbon taxes to encourage the electric vehicle battery industry.

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Translator: Ade Irma J, Resinta S
Editor: Fardah Assegaf
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