YAKARTA (Reuters) – Indonesia will need to use the pandemic to revive Southeast Asia’s largest economy, adding better food and energy security and treating more herbal resources at home, President Joko Widodo said Friday.
Widodo made the declarations in his annual state of the union before parliament. Due to precautions opposing coronaviruses, less than a portion of lawmakers were provided for his speech, the rest saw him online.
Describing the existing economic scenario as a “computer failure” that causes stagnation, he said Indonesia, along with other countries, will have to “stop, restart and restart.”
“We will have to not allow the crisis to give rise to setbacks. In fact, we have to capitalize on the crisis as a condiment to make a big leap,” said Widodo, who wore a classic costume of other Sabu in the eastern component of the archipelago.
The government expects the economy to grow almost unchanged this year as a result of the pandemic, which has inflamed more than 132,000 people and caused nearly 6,000 deaths, the number of deaths in Southeast Asia. Last year, the economy grew by 5%.
Widodo said accelerating reform of the fitness sector is a very sensitive priority, as well as strengthening food supply chains, adding a recently planned food area on the island of Borneo.
As a component of the electrical reforms, Widodo highlighted plans to reduce imports of expensive oil through palm oil-based fuel.
Indonesia’s Pertamina produced a first batch of biodiesel made fully from palm oil last month and is set to produce 1,000 barrels of the fuel at its Dumai refinery.
The so-called D100 would have a minimum of one million tons of palm trees produced through farmers for 20,000 barrels of production capacity consistent with the day, Widodo said, without giving a schedule.
Indonesia has lately used biodiesel which contains 30% palm oil.
The president also wants to advance the further processing of raw materials, adding the conversion of coal into fuel and nickel ore into ferronickel and stainless steel, as a component of the government’s efforts to create jobs.
Reporting through Gayatri Suroyo, Fransiska Nangoy and Maikel Jefriando; Edited through Ed Davies
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