North Sulawesi Governor: Four Pillars of Transformation to Support Economic Growth
Manado (ANTARA) — North Sulawesi Governor Yulius Selvanus has stated that the regional government is implementing four pillars of transformation to support price stability and accelerate economic growth.
“We must move together in a measured and focused manner to ensure the welfare of the people of North Sulawesi remains protected,” the Governor said at a High Level Meeting (HLM) at the Bank Indonesia Representative Office for North Sulawesi Province in Manado on Monday.
He explained that the four strategic economic pillars are: digital transformation, which encompasses the acceleration of digitalisation of regional revenue and expenditure, public payment integration, strengthening of QRIS for micro, small and medium enterprises (MSMEs) and the tourism sector, as well as the digitalisation of food distribution.
The second pillar is the acceleration of economic growth, which includes directives to work more aggressively on the realisation of the Regional Revenue and Expenditure Budget (APBD), the acceleration of investment — both foreign direct investment and domestic investment — and the downstream development of the manufacturing industry to expand employment opportunities.
Another strategic pillar is inclusive financial access, involving the expansion of financing access for farmers, fishermen, MSMEs and vulnerable groups through the Regional Financial Access Acceleration Team (TPAKD), as well as the strengthening of digital financial literacy.
The fourth pillar is Islamic economics and finance, namely the development of the halal industry and the integration of Islamic economics with key sectors such as tourism and agriculture.
The Governor emphasised that the success of this agenda depends heavily on close collaboration between the government, Bank Indonesia, the Financial Services Authority (OJK), business actors, academics, the media and the public.
The North Sulawesi Provincial Government remains committed to creating a conducive economic climate through the coordination of monetary and fiscal policies at the regional level for inclusive and sustainable growth.
The meeting, attended by regents and mayors together with the Regional Inflation Control Team (TPID), the Regional Digitalisation Acceleration and Expansion Team (TP2DD), the Regional Digital Economy Acceleration and Expansion Team (TP2ED), TPAKD, and the Regional Committee for Islamic Economics and Finance (KDEKS), stressed cross-sectoral synergy to maintain price stability and drive North Sulawesi’s economic growth amid global dynamics.
Based on 2025 data, North Sulawesi’s economy recorded growth of 5.66 per cent, surpassing the national average of 5.11 per cent.
Nevertheless, the Governor said inflation control remains a top priority. Through to December 2025, North Sulawesi’s year-on-year annual inflation stood at 1.23 per cent.
The Governor identified ten key commodities contributing to inflation, with rice (0.49 per cent) and higher education (0.25 per cent) as the largest contributors.
Going forward, key control measures will focus on strengthening food security through improved rice productivity using technology and mechanisation.