US-ASEAN Business Council Brings 31 Top American Firms to Virtually Engage Leading Indonesian Policymakers on Jokowi’s Reform Efforts and Rebounding the Economy

(Indonesia) – The US-ASEAN Business Council (US-ABC) brought a delegation of 31 American companies to Indonesia to engage with key Indonesian government officials as a part of its 2020 Indonesia Virtual Business Mission, held 19-28 October 2020. The virtual mission was timed to coincide with the first anniversary of the Indonesia Maju Cabinet.

70 executives representing multiple industries met with Indonesian policymakers and local chambers of commerce to discuss key issues affecting Indonesia’s economic recovery including the ease of doing business and the recently passed omnibus law, consultative and transparent regulatory frameworks, digital transformation and innovation in healthcare. The delegation shared its committed support for President Joko Widodo’s agenda of bureaucratic reforms and improving the business environment, as well as support for the acceleration of Indonesia’s Post-COVID-19 Economic recovery.

“Last December, the Council had a chance to meet with President Jokowi at the Presidential Palace in Jakarta.  During that meeting, the President laid out his vision for his second term agenda which included the passage of an Omnibus Law which would focus on improvements on the ease of doing business, including improving the environment around regulation, licensing and taxation,” said Alexander Feldman, Chairman, President and CEO of the US-ABC.  He continued, “Less than a year into his second term, the Omnibus Law on Job Creation was passed by the Parliament helping to position Indonesia as a business and investment friendly destination just as American corporations are looking to rebalance supply chains and investments within the Indo-Pacific region.”

“As the leading voice of the U.S. business community in Southeast Asia, the Council also discussed how its members could assist the Government and the people of Indonesia with the health and economic  challenges presented by the global COVID-19 pandemic,” Feldman concluded.

Feldman co-led the mission with US-ABC Indonesia Committee Chair Batara Sianturi, Chief Executive Officer of Citi Indonesia; and USABC Senior Vice President and Regional Managing Director Ambassador Michael W. Michalak.

“We congratulate the Government on passing through the Omnibus Law to the parliament which will increase the level of confidence for business, enhancement the business climate as well as attract more investment to Indonesia,” stated Citi Indonesia CEO Batara Sianturi. “We also support the government initiative to establish the Sovereign Wealth Fund as stipulated in the law. Furthermore, we look forward for the implementing regulation.”

“The US-ASEAN Business Council was pleased to see the high priority the Government of Indonesia placed on accelerating digital transformation, enhancing job creation, and strengthening Indonesia’s health systems”, said Ambassador Michalak. “We reaffirm that the U.S. business community stands ready to support Indonesia’s development and implementation of regulations that ensure success in the post-COVID-19 era.”

The virtual mission met with Coordinating Minister of Maritime Affairs and Investment, H.E. Luhut Binsar Pandjaitan. In addition, other high profile meetings included:

  1. Minister of Finance, H.E. Sri Mulyani
  2. Minister of Trade, H.E. Agus Suparmanto
  3. Minister of Research and Technology, H.E. Bambang Brodjonegoro
  4. Minister of Tourism and Creative Economy, H.E. Wishnutama
  5. Minister of Energy and Mineral Resources, H.E. Arifin Tasrif
  6. Minister of Communication and Informatic, H.E. Jonny Gerard Plate
  7. Minister of Transportation, H.E. Budi Karya Sumadi
  8. Governor of West Java, H.E. Ridwan Kamil
  9. Chairman of Indonesia Chambers of Commerce (KADIN), Rosan P. Roeslani
  10. Chairman of Indonesia Employer Association (APINDO), Hariyadi B. Sukamdani
  11. Head of the National Cyber and Encryption Agency, Hinsa Siburian
  12. Vice Minister of Forestry and Environment, Alue Dohong
  13. Deputy Coordinating Ministry for International Economic Affairs, Rizal Affandi Lukman
  14. Deputy Chairman of Indonesia Investment Coordinating Board, Ikmal Lukman
  15. President and Director of PT. Surveyor Indonesia, Dian M. Noer

Companies participating in the delegation included 3M, AIG, Airbnb, Amazon, Apple, Bell, BowerGroupAsia, Chevron, Cisco Systems Inc, Citi, ConocoPhillips, Disney, ExxonMobil, FedEx, Freeport-McMoRan, Google, Jhpiego, Johnson & Johnson, Kimberly Clark, Loon, MSD, Netflix, Oracle, PMI Sampoerna, Qualcomm, S&P Global, Salesforce, UL, UPS, Visa and VMware. 

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For over 35 years, the US-ASEAN Business Council has been the premier advocacy organization for US corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's membership, more than 160 companies, generate over $6 trillion in revenue and employ more than 13 million people globally. Members include the largest US companies conducting business in ASEAN, and range from newcomers to the region to companies that have been working in Southeast Asia for over 100 years. The Council has offices in: Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; and Singapore.