Sambutan Presiden Jokowi membuka Rapat Pimpinan Nasional KADIN Tahun 2022, di Hotel Borobudur (2/12)

Summary

In this keynote address at the 2022 Kadin National Board Meeting, the speaker emphasizes Indonesia's economic optimism despite global challenges. Highlighting strong economic indicators such as low inflation, impressive growth rates, and a 30-month trade surplus, the speaker urges the audience to embrace the nation's strengths. With abundant natural resources, a large population, and strategic location, Indonesia has the potential to lead in sectors like electric vehicle (EV) batteries. The speech calls for a unified vision towards creating value-added industries, attracting global investment, and building a prosperous future for Indonesia by 2045.

Takeaways

• 😀 Indonesia is seen as a 'bright spot' in the global economic gloom, according to the IMF Managing Director, due to its stable inflation and strong economic growth.
• 😀 The country achieved a growth rate of 5.72% in the third quarter of 2022, significantly higher than the global growth rate of 3.2%.
• 😀 Indonesia’s Purchasing Managers’ Index (PMI) remains expansive at 51.8%, indicating ongoing economic expansion despite global contractions.
• 😀 Indonesia has maintained a trade surplus for 30 consecutive months since May 2020, showing its export value exceeds imports.
• 😀 The current account surplus has shifted from a deficit of $30 billion in 2019 to a positive $4.4 billion, demonstrating improved economic health.
• 😀 Indonesia possesses significant strengths, including a large domestic market (278 million people) and a strategically favorable geographical location for global trade.
• 😀 The country’s natural resources (nickel, copper, bauxite, tin) are a core asset for future economic development, especially in the EV battery ecosystem.
• 😀 The country’s demographic bonus, with 201 million people projected to be in the workforce by 2030, will drive economic growth and a rising middle class.
• 😀 International trust in Indonesia has been growing, as seen in the positive reception of its green energy, digital transformation, and electric vehicle (EV) initiatives.
• 😀 The government is focusing on creating a large, integrated ecosystem, particularly in the EV battery sector, to capitalize on Indonesia’s resource abundance and position in the global supply chain.
• 😀 The move from exporting raw nickel to producing higher value-added products like stainless steel and potentially EV batteries has significantly boosted the national economy, generating up to 18 times more value.

Q & A

What is the primary message conveyed by the speaker in the script?

The speaker emphasizes optimism about Indonesia's economic future, despite global challenges. They highlight Indonesia's resilience, strong economic indicators, and potential for growth through integrated ecosystems, especially in sectors like electric vehicles (EVs) and green energy.

Why does the speaker insist on optimism in the face of global economic difficulties?

The speaker insists on optimism because Indonesia has shown impressive economic results, such as a stable inflation rate, strong GDP growth, and a positive trade balance. The speaker believes that these successes provide a solid foundation for future growth, and the country should focus on its strengths rather than global setbacks.

What are the key strengths of Indonesia highlighted by the speaker?

The key strengths of Indonesia include its large and youthful population (278 million people), its strategic geographical location in global trade routes, abundant natural resources, and the expected demographic bonus with a productive workforce of 201 million by 2030.

What role do natural resources play in Indonesia’s future economic strategy?

Natural resources, particularly minerals like nickel, copper, bauxite, and tin, are central to Indonesia's economic strategy. The speaker emphasizes transforming these resources into high-value products, such as EV batteries, rather than exporting raw materials. This approach is expected to generate significant value added and economic growth.

What is the importance of integrating ecosystems for industries like electric vehicles (EVs) in Indonesia?

Integrating ecosystems for industries like EVs is crucial for Indonesia to maximize the value of its natural resources. By creating a complete ecosystem for EV battery production, including sourcing raw materials and developing manufacturing capabilities locally, Indonesia can attract global investment, create jobs, and establish itself as a leader in the green economy.

How does the speaker view Indonesia’s position in the global economic landscape?

The speaker views Indonesia as a potential global leader, especially in sectors like green energy and electric vehicles. They argue that Indonesia’s natural resources, demographic advantages, and growing international trust position the country to take advantage of current global trends, especially in energy transition and digital transformation.

What are the key statistics presented by the speaker to demonstrate Indonesia's economic strength?

The speaker cites several key statistics: Indonesia's inflation rate of 5.7%, GDP growth of 5.72% in Q3 2022 (above the global average of 3.2%), a 30-month trade surplus, and a current account surplus of $4.4 billion. These figures reflect Indonesia's economic resilience and potential.

What is the significance of the '2045 Golden Indonesia' vision mentioned by the speaker?

The '2045 Golden Indonesia' vision refers to a long-term goal for the country to achieve economic prosperity by 2045. The speaker stresses that this vision can be realized by leveraging Indonesia's demographic and natural resource strengths, building large-scale ecosystems, and integrating industries like EVs, green energy, and other advanced sectors.

How does the speaker propose to develop a more sustainable and value-added economy in Indonesia?

The speaker proposes developing large ecosystems, such as those for electric vehicles, where raw materials like nickel, copper, and bauxite are processed into finished products within Indonesia. This approach would prevent the export of raw materials, create higher-value industries domestically, and increase economic value significantly.

What is the speaker's stance on international partnerships, particularly with Australia?

The speaker is open to international partnerships, particularly with Australia, to enhance Indonesia's resource capabilities. They mention a collaboration on lithium extraction, which is crucial for the EV battery industry. The speaker also praises an Indonesian citizen for acquiring a mining site in Australia, showing the country's proactive role in global resource markets.