Indonesia Plans to Hold 3000 Events this Year to Stimulate Economic Growth

Simplifying the Permit Process for Potential Events Could Result in Economic Growth of Up to Rp 170 trillion (photo: Hanny Naibaho- Unsplash)

The Minister of State-Owned Enterprises, Erick Thohir, recently announced that thousands of events will take place in Indonesia in 2023, with the goal of boosting the country’s economy.

According to Thohir, at least 3,000 events are scheduled for this year, and he hopes they will stimulate economic growth across Indonesia.

He emphasized that he will attract investment from Java Island and outside Java to support these events.

The purpose of this economic strategy is to create momentum in Indonesia’s economy by generating significant business activity across the country.

Several notable events have already been held or will take place in Indonesia in the coming months, including F1 Powerboat in Lake Toba, Moto GP Mandalika in Lombok, the FIFA U-20 World Cup, the FIBA Basketball World Cup 2023, and the ASEAN Summit.

Despite these events, Thohir is concerned about the possibility of further permit issues or delays, as these factors could negatively impact the success of the events and the public’s interest in attending them.

Therefore, the acceleration of permits is crucial for the success of these events and the stimulation of Indonesia’s economy.

President Joko Widodo shares similar concerns regarding the public’s tendency to save money in banks instead of spending it.

In a recent speech, he urged the public to increase spending to maintain Indonesia’s economic growth, stating that consumer spending is essential to maintaining the country’s economic momentum.

He believes that people should be encouraged to spend money on things like concerts and clothes, in addition to essential needs like food and housing.

The president hopes that permits for events and concerts can be expedited to encourage people to spend their money, as a significant portion of the country’s economy relies on consumer spending.

In conclusion, both Erick Thohir and President Joko Widodo are focused on stimulating Indonesia’s economy through various strategies, including the organization of thousands of events across the country and the encouragement of consumer spending.

While the success of these initiatives remains to be seen, they reflect a commitment to promoting economic growth in Indonesia in the face of significant challenges and uncertainties.