<div style="page-break-before:always; page-break-after:always"><div style="page-break-before:always; page-break-after:always"><b>L</b>ooking forward in the third decade of the 21st Century, Indonesia is undoubtedly entering a period when significant growth in the economy can bring increasing prosperity to a greater proportion of the population and its standing on the world stage would better reflect its position as the world&rsquo;s 4th most populous country. Already a G20 nation and ranked as the 16th largest economy in the world by nominal GDP, 7th if measured by purchasing power parity, all forecasts point to Indonesia&rsquo;s ranking improving over the next decade. Underpinning this optimism is the country&rsquo;s demographic dividend which will unfold over this period as a high proportion of today&rsquo;s young Indonesians enter a workforce already one of the youngest populations by average age amongst developed countries. Whilst the increase in Indonesia&rsquo;s working and consuming population and their potential impact on the economy is undeniable, it will not be fully realized without an investment in ensuring they are ready educationally and able health-wise to deliver on this promise, ever more so given the global pandemic. Our country lies at a crossroads, in time and due to the economic uncertainty brought about by the pandemic, and in this perfect storm, Indonesia must decide whether we are ready or not to take the step forward.<div style="page-break-before:always; page-break-after:always"><p>Trade tensions, already surfacing pre-COVID 19, have been brought into sharper focus by the economic impact of the pandemic. We are expected to have consecutive quarters of negative growth and while there might be a rebound in the last quarter, we should expect the impact of the slowdown well into 2021. With all these challenges the pandemic has brought, it is now more important than ever that the Government chooses the right areas on which to focus. The impetus on decentralizing global supply chains and reducing the risks of future disruptions are driving several ASEAN countries, including Indonesia, to invest in their agricultural and industrial capacity. The road map followed by Japan, South Korea and China to successfully transform their economies over the past 70 years combines an investment in infrastructure and technology coupled with a significant increase in spending on healthcare and education which collectively led to improvements in productivity and competitiveness on the world stage.</p><div style="page-break-before:always; page-break-after:always"><p id="2">The government is taking concrete steps to increase the investment in infrastructure, to promote the digital economy and to invest in education and healthcare. Recent National Medium-Term Development Plans have included significant investments in infrastructure, particularly transportation links so important to connect the country&rsquo;s vast archipelago of islands. The promotion of the digital economy and efforts to support the ease of doing business are all entrenched in the government&rsquo;s efforts to move the Indonesian economy forward at a faster rate. The link between succeeding with these investments and realizing the boom which can be delivered by our demographic dividend coming in the next decade is succeeding in the better education of and the better health of our people. Recent passing of the Omnibus law shows the governments intent on solving the problems even when faced with many political obstacles.</p><div style="page-break-before:always; page-break-after:always"><p id="2">On a number of fronts, one can measure some success from these investments to date. Over the last 10 years, Indonesia&rsquo;s ranking in the Prosperity Index has improved 20 spots from 83rd in 2009 to 63rd in 2019. Whilst Indonesia remains behind the more developed Asian countries, the ranking is ahead of other developing Asean countries.</p><p id="3">In education, the government has long committed 20% of its budget towards education and the push to expand the number of schools and teachers over many years has seen a significant increase in the number of students enrolled at schools and entering higher education institutes. Primary school education is near-universal and since 2010 Secondary school and Tertiary institute enrollments have increased significantly.</p><p><img src="https://magarticles.magzter.com/articles/2092/533370/5f84154a61867/1602491864_loc.JPG"" owidth=313 oheight=57" style="width: 313px; height: 57px;" /></p><p><img src="https://magarticles.magzter.com/articles/2092/533370/5f84154a61867/1602491868_loc.JPG"" owidth=554 oheight=420" style="width: 554px; height: 420px;" /></p><p>In healthcare, the major investment in the last decade has been the launch of BPJS which has enabled the government to bring coverage to the more than 40% of the population which did not have access to health services before. The universal healthcare system has led to a boom in the investment of health facilities which can be seen from the growth in the number of hospitals in recent years.</p><div style="page-break-before:always; page-break-after:always"><p id="3">However, whilst one can laud the success of the numbers, the effectiveness of the results is also critical to realizing the future economic growth which is forecasted. Scratching the surface shows there is still much work to be done. In terms of the Prosperity Index mentioned already above, whilst the overall rank has improved 20 spots in the last decade, healthcare and education have improved marginally but are at much lower rankings compared to Indonesia&rsquo;s overall ranking of 63rd.</p><p id="5">Within healthcare, Indonesians are the most likely to have complications from smoking and despite the improvement in health facilities, among the most likely to die if experiencing a stroke. Life expectancy, whilst improved but still ranks behind most of the major developing countries in ASEAN. Educationally, the curriculum at public schools and to some extent tertiary institutes remains broad and the narrowing of focus for future careers happens quite late. Consultation and feedback from the business community indicates that students coming out of the education system are often not ready for professional or technical roles meaning their effectiveness in the workforce early in their careers can be limited. Whilst an emphasis on the digital economy is being placed, many employers still highlight the difficulty to recruit qualified employees. A heavy challenge that is tasked towards the boy wonder minister, Mr. Makarim.</p><div style="page-break-before:always; page-break-after:always"><p id="2">This challenge to improve education is not just related to those currently in schools and likely to enter the local workforce. Like many countries in Asia, one of Indonesia&rsquo;s important exports are those workers who travel overseas for employment and remittances home is an important flow of overseas funds into Indonesia. These workers have traditionally been employed in maritime services, domestic servants, construction and factories. In recent years, the government has identified that workers from some other Asean countries are increasingly getting roles in nursing and other semi-professional roles as a result of their training to the detriment of the Indonesian counterparts who remain mostly in lower-paid roles.</p><p>Lastly, of course we should not be blind to the fact there are still around 10% of the population living in poverty, a number which has increased this year due to the pandemic and the effect on the livelihoods of those working at the lower end of the job scale.</p><div style="page-break-before:always; page-break-after:always"><p id="2">Already there is much support from Indonesia&rsquo;s wealthy to supporting the government&rsquo;s initiatives and in making a difference in the community. Supporting health programs against malaria and tuberculosis, sponsoring cancer and other treatment for underprivileged children who would otherwise not have access, partnering with the Ministry of Labour on the launch of training programs for overseas workers, supporting key tertiary institutions with the development of educational programs for Indonesia 4.0 and supporting the fight against COVID are just a few areas where the Tahir Foundation has sought to make a difference in the community.</p><p><img src="https://magarticles.magzter.com/articles/2092/533370/5f84154a61867/1602491871_loc.JPG"" owidth=475 oheight=501" style="width: 475px; height: 501px;" /></p><p id="3">We are seeing a positive trend in the number of young promising entrepreneurs coming up. This reaffirms the government&rsquo;s focus on developing talent during the President&rsquo;s second term. With companies such as Gojek and Tokopedia succeeding internationally, this will only be good for the country in the long run. This confirms my belief that this country will only go as far as where the next generation drives it to.</p><p id="4">However, taking stock we understand the step forward which needs to be achieved in the relatively short period of the next generation is still huge. The breadth of investment required given the size of the country and the focus also on getting SOE&rsquo;s engaged around the same plans will consume most of the government&rsquo;s resources given the budget constraints. This therefore points to the need for Indonesia&rsquo;s wealthy and successful business enterprises to continue to step up and even get more involved.</p><p id="5">Whether it&rsquo;s by supporting the development of technical skills and vocational training, helping farmers and other raw material producers add more value to their products through more local processing, reaching the poorest in the community or helping with health campaigns and initiatives, it will all make a difference to the conversion of our demographic dividend into a stronger and more inclusive society. They say a rising tide raises all boats, having all Indonesians able and contributing to the economy will benefit us all.</p><p id="6">Mayapada Group remains committed as ever in playing its role in the development and growth of this country. We will continue to invest in the country and the people to ensure continued growth. We can&rsquo;t do it alone however, as the task is far too great for just a group of businessman and companies. It will take a joint effort between the government and the private sector in order to achieve this step forward. An uphill task for sure but one I am adamant we will accomplish and succeed.</p>

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