Mandiri Investment Management is optimistic that with proper management strategies, investors can optimize returns across various asset classes this year.
Jakarta, March 16, 2023 – The government’s commitment to implementing downstreaming programs, particularly in the mineral mining sector, is believed to be able to support domestic industry growth in the future. The government’s plan to increase the value-added of domestic products is a manifestation of sustainable development, after President Joko Widodo’s administration previously built various infrastructure projects spanning from Sumatra to Papua.
“The downstreaming program has an extraordinary impact as well as the digitization program which has an extraordinary impact in terms of efficiency and the promotion of micro, small and medium enterprises (MSMEs) which are the backbone of Indonesia’s economy,” said Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, when opening the Mandiri Investment Market Outlook 2023 event.
Luhut said that in 2023, Indonesia still needs to complete development from various aspects. At the beginning of this year, one of the policies issued was incentives for electric cars and motorcycles to encourage the transition to electric-based transportation and build an electric vehicle ecosystem in Indonesia. This policy is one of the government’s plans to build an industry from upstream to downstream so that it can increase income and job opportunities in Indonesia. It also aims to improve the quality of education in remote areas so that Indonesia’s economy becomes balanced between Java and non-Java.
“Through the Market Outlook 2023 event held by Mandiri Investment, I hope we can continue to participate and encourage investment through the capital market sector in Indonesia. I hope that in the future, Mandiri Investment’s role in growing the investor base in the capital market can be further enhanced to support the stability and economic growth of Indonesia,” emphasized Luhut.
Echoing the government’s hopes, President Director of PT Bank Mandiri Tbk, Darmawan Junaidi, said that Bank Mandiri and all its subsidiaries, including Mandiri Investment, consistently conduct evaluations and studies related to macroeconomic dynamics so that they can implement strategic policies to support Indonesia’s economic recovery and growth together.
“We hope that through the Market Outlook event held by Mandiri Investment today, we can gain insights so that we can determine the right investment strategies in the midst of increasingly dynamic global conditions. Of course, Mandiri Investment, as one of the largest investment managers in Indonesia, is expected to assist with investment management,” said Darmawan.