Private sector to benefit people

Private sector to benefit people

The role of the private sector in the Indonesian economy demands our attention. The emergence of powerful conglomerates during the first long-term development plan has raised questions about equity and justice in economic activities during the past 25 years.

The newly established government regulation No.20/1994 basically provides greater opportunities for foreigners to invest their capital in Indonesia. Again a question arises on the probability of foreign companies dominating the Indonesian economy because they have greater capacity than their Indonesian counterparts in almost every field.

In this context we should refer to the president's statement that the government must remain in control of the economy so that the economic activities are truly aimed at bringing about prosperity for the people as a whole.

-- Kompas, Jakarta