Indonesia Committed to Maintaining Investor Confidence and Preventing Layoffs

Jakarta – The government has reaffirmed its commitment to maintaining a stable business climate and maintaining investor confidence amidst the dynamics of the global economy. Various strategic policies have been implemented to ensure the business sector continues to operate and minimize the potential for layoffs.

Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the government continues to monitor industrial conditions and coordinate with business players to anticipate a potential economic slowdown.

“The government is here to provide certainty and protection. We are not only maintaining a conducive investment climate, but also protecting workers from the threat of mass layoffs,” Airlangga said.

The government also continues to encourage domestic and foreign investment to absorb new workers.

Meanwhile, Minister of Industry Agus Gumiwang Kartasasmita stated that his ministry has conveyed a message to entrepreneurs in the automotive sector to strive to prevent layoffs amidst the dynamic economic conditions.

Agus Gumiwang emphasized the government’s commitment to creating a stable business climate, including through various policies to maintain price stability and ensure affordability.

“No layoffs! This is the government’s message: no layoffs. The government is committed to creating a stable business climate, including through policies aimed at maintaining price discovery, affordable prices, and ensuring that the manufacturing sector, including the automotive industry in particular, remains a key sector for sustainable job creation,” said the Minister of Industry.

According to the Minister of Industry, the current economic conditions are a transitional phase. However, he is optimistic that the current economic turmoil is only temporary and will soon recover, and the domestic market will also recover and become vibrant again.

“As I said at the beginning, we view this as a transitional period, and we are very optimistic that this is only temporary, only a short time. The Indonesian economy will soon recover, and the market will soon recover,” he said.

The government also called on all parties, including the business world and labor unions, to work together to maintain productivity and social stability for inclusive and equitable economic growth.**