Business

Trade Minister Reiterates Government Support for Business Growth and Tax Revenue Enhancement

Businessicy – Trade Minister Zulkifli Hasan reiterated that the government’s role is to assist businesses in their growth and development. He aims for entrepreneurs to continue advancing and contribute to Indonesia’s economic growth.

This was emphasized during his working visit to Lampung on Friday, August 9, 2024, particularly during his visit to the refined sugar producer PT Sugar Labinta in South Lampung.

“The government’s job is to support companies in their development. When companies thrive, they create more jobs and increase tax payments. Supporting entrepreneurs is a government responsibility. We want businesses to continue growing and advancing the economy,” said the Minister in an official statement released by the Ministry of Trade on Saturday, August 10, 2024.

On the other hand, he hopes that employees will continue to improve their performance and teamwork. The Minister believes that synergy between entrepreneurs and employees will lead to continued growth and development of the company.

“I also hope employees will maintain their cohesion. The key is cooperation. The government supports this. Companies need to work hard and effectively, and employees need to work together more closely,” he urged.

“If this happens, the company can grow and advance even further,” emphasized the Minister.

PT Sugar Labinta is a refined crystal sugar producer in Lampung. The company began construction in 2005 and commenced operations in 2008. Covering an area of 22 hectares, the company employs 483 staff members and has a production capacity of approximately 2,000 tons of sugar per day.

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Minister of Trade Affirms Government’s Ongoing Push for Domestic Export Growth

Earlier, Minister of Trade Zulkifli Hasan launched the export of three containers of Nike-branded footwear worth USD 405,000, equivalent to IDR 6.50 billion, to the European Union (EU) and the United States (US) in Salatiga, Central Java, on Friday, July 26, 2024. The footwear products are manufactured by PT Selalu Cinta Indonesia (SCI), a member of the Karet Murni Kencana (KMK) Group.

During the event, the Minister emphasized that the government continues to encourage domestic businesses to enhance their export capabilities as part of Indonesia’s efforts to penetrate global markets. He noted that one of the key strategies is through intensive trade diplomacy.

“The government supports our businesses and industries in various ways to help them increase their export capabilities. We encourage labor-intensive footwear manufacturers like Nike producers to keep boosting their exports,” said the Minister.

“The government also promotes export growth through intensive trade diplomacy, while simultaneously taking steps to address the influx of imported products to protect domestic industries,” he explained.

Furthermore, the Minister stated that the release of the footwear export serves as evidence of collaboration between the government and the private sector in promoting export-oriented manufacturing as part of the global supply chain.

“I extend my thanks and appreciation to PT Selalu Cinta Indonesia, KMK Group, and Nike Indonesia for their collaboration in enhancing the export of Indonesian footwear products,” he concluded.

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