Cabinet Secretary Teddy Reveals Outcomes of Prabowo's Visits to Japan and South Korea
Jakarta, CNBC Indonesia - President Prabowo Subianto’s official visit to Japan and state visit to the Republic of Korea have yielded concrete results in the form of substantial business cooperation commitments.
Through an official statement, Cabinet Secretary Teddy Indra Wijaya revealed that the total value of agreements from both countries reaches US$33.89 billion, equivalent to Rp575 trillion.
“From Japan, business commitments are recorded at US$23.63 billion or equivalent to Rp401.7 trillion, while from the Republic of Korea, it reaches US$10.26 billion or equivalent to Rp174 trillion. Thus, the overall total reaches US$33.89 billion or approximately Rp575 trillion,” said Cabinet Secretary Teddy.
According to him, this achievement demonstrates the high confidence of global investors in the direction of Indonesia’s economic policies under President Prabowo’s leadership, particularly in promoting industrial downstreaming, strengthening energy resilience, and developing strategic national sectors.
Furthermore, Teddy emphasised that President Prabowo’s direct involvement in dialogues with business actors was a key factor in realising these agreements.
“The President did not just appear symbolically, but actively listened, responded quickly, and provided solutions and direct instructions on various inputs from the business world. This is what strengthens investor confidence,” he added.
The Cabinet Secretary also assured that the government will oversee all these commitments to ensure they are quickly realised and provide tangible impacts on national economic growth, job creation, and improved public welfare.
Investment and Downstreaming Minister Rosan Roeslani explained that in business forums in Tokyo and Seoul, the government also met with various major entrepreneurs. They conveyed several inputs and received immediate responses to complaints experienced when investing in Indonesia.
“They could directly convey their inputs to the President, along with feedback and the obstacles they face in Indonesia, and the President was very responsive and open,” said Rosan.
The complaints raised involved the slow performance of some ministerial institutions, prompting the President to request coordination for faster processes, especially now with the Debottlenecking Task Force in place.
“And we at BKPM always coordinate with all ministries. Moreover, for licensing, in accordance with Government Regulation No. 28 which was issued a few months ago, this has also received a positive response. Because it provides more certainty if the promised timelines are not met by us or other ministries,” said Rosan.
Furthermore, according to Rosan, Japanese and South Korean investors continue to respond positively to Indonesia’s investment climate amid global political and economic turmoil. This is evident from the average increase in investments from both countries.
“If we look at it, Japan is the fifth largest investor in Indonesia, and South Korea is around sixth or seventh. We can also see that investments are increasing on average; South Korea by about 14% each year, and Japan by around 8-9% annually,” said Rosan.