New Indonesian minister pledges to cut red tape, boost investment

Newly-appointed Investment Minister Bahlil Lahadalia (centre) delivers a speech after his inauguration ceremony in Jakarta on Wednesday, April 28, 2021.(Courtesy of BPMI Setpres/.)

JAKARTA (The Jakarta Post/ANN): Newly appointed Investment Minister Bahlil Lahadalia has pledged to boost investment and spread it out across the archipelago by cutting red tape and regulating big businesses as the government seeks to revive the economy.

Following his inauguration on Wednesday (April 28), Bahlil said that President Joko “Jokowi” Widodo had ordered the newly established ministry to, essentially, implement the Job Creation Law in attracting domestic and foreign investment.