Pemerintahan Prabowo Subianto tengah memberikan perhatian serius kepada industri padat karya, terutama tekstil dan produk tekstil yang telah berkontribusi terhadap perekonomian Indonesia, dengan kinerja ekspor yang mencapai lebih dari USD2 miliar, dan penyerapan tenaga kerja sebanyak 4 juta orang.
Presiden Prabowo menginstruksikan jajaran di bawahnya untuk melanjutkan terus kebijakan deregulasi dan debirokratisasi di sektor padat karya, termasuk industri TPT, makanan dan minuman, serta persepatuan. Selain itu, Presiden meminta agar sektor padat karya dibuatkan Program Strategis Nasional atau PSN.
Sedangkan bagi industri menengah dan kecil sektor padat karya, Pemerintah juga akan merumuskan paket revitalisasi permesinan dengan menganggarkan dana hingga Rp20 triliun untuk subsidi investasi melalui skema kredit investasi. Di mana Pemerintah akan memberikan subsidi bunga 5% dari seberapa pun suku bunga kredit investasi yang ditetapkan perbankan. Sehingga, Pemerintah akan menanggung 5% dari total bunga yang harus dibayar oleh pelaku usaha.
Presiden Prabowo menginstruksikan jajaran di bawahnya untuk melanjutkan terus kebijakan deregulasi dan debirokratisasi di sektor padat karya, termasuk industri TPT, makanan dan minuman, serta persepatuan. Selain itu, Presiden meminta agar sektor padat karya dibuatkan Program Strategis Nasional atau PSN.
Sedangkan bagi industri menengah dan kecil sektor padat karya, Pemerintah juga akan merumuskan paket revitalisasi permesinan dengan menganggarkan dana hingga Rp20 triliun untuk subsidi investasi melalui skema kredit investasi. Di mana Pemerintah akan memberikan subsidi bunga 5% dari seberapa pun suku bunga kredit investasi yang ditetapkan perbankan. Sehingga, Pemerintah akan menanggung 5% dari total bunga yang harus dibayar oleh pelaku usaha.
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TVTranscript
00:00In the next episode
00:20Hello viewers, how are you today?
00:22Live from the IDX channel Jakarta studio
00:24I'm Prasetyo Wibowo
00:26back again in Market Review
00:28to talk about the issues that affect the economy in Indonesia
00:30You can watch our live streaming
00:32at IDX channel.com
00:34Let's start the
00:36Market Review
00:46President Prabowo Subianto
00:48has given instructions to continue
00:50deregulation policy and
00:52de-bureaucratization
00:54in the labor sector
00:56The government has allocated
00:58up to 20 trillion rupiah
01:00for investment subsidies
01:02through the investment credit scheme
01:08Prabowo Subianto's government is
01:10giving serious attention to
01:12the labor industry, especially
01:14textiles and textile products that have
01:16contributed to Indonesia's economy
01:18with export energy
01:20reaching more than US$2 billion
01:22and
01:24employment of 4 million people
01:28President Prabowo instructed
01:30the ranks below to continue
01:32deregulation policy
01:34and de-bureaucratization
01:36in the labor sector
01:38including the textile industry and
01:40textile products, food and drinks
01:42as well as cooperation
01:44In addition, the president asked the labor sector
01:46to create a national strategic
01:48program or PSN
01:50As for the
01:52medium and small industries
01:54in the labor sector, the government
01:56will also formulate an official revitalization
01:58package by allocating
02:00funds up to 20 trillion
02:02rupiah for investment
02:04subsidies through the investment credit
02:06scheme, where the
02:08government will provide a 5%
02:10subsidy for any
02:12type of investment credit flower
02:14that is kept by the bank
02:16so that the government will save 5%
02:18of the total flower that must be paid
02:20by entrepreneurs
02:22For the medium and small
02:24industries, the government
02:26has formulated a package
02:28for revitalization of the
02:30machinery. The revitalization
02:32of the machinery will be regulated
02:34soon, where the
02:36government has provided
02:3820 trillion
02:40for investment
02:42subsidies
02:44because if the machine
02:46is not improved, the competitiveness
02:48of both energy use and
02:50production will be slower
02:52Meanwhile, the
02:54investment credit scheme for
02:56labor entrepreneurs
02:58will have a tenor
03:00of 8 years. The government
03:02hopes that the labor sector can
03:04grow faster and create
03:06more jobs
03:08From Jakarta, the coverage team
03:10IDXP
03:12Yes, the audience to discuss
03:14our theme this time, the
03:16labor-intensive industry
03:18is waiting for a subsidy of 20 trillion
03:20rupiah. We are with Malizum
03:22together with Mr. Retma Gitawi Rawasta,
03:24General Director of the Association of
03:26Iron Wire and Filament Producers Indonesia
03:28or APSIFI. Hello Mr. Retma, how are you?
03:30Good, good, sir.
03:32Thank you for the opportunity.
03:34Mr. Ahmad Nur Hidayat,
03:36an economist and expert in public policy
03:38from the UPN Veteran Jakarta
03:40Hello Mr. Ahmad, how are you?
03:42Good, good, sir.
03:44Thank you for the opportunity. Mr. Ahmad,
03:46before discussing further, how is your review
03:48related to the current condition
03:50of the labor-intensive industry
03:52in the country until quarter 1
03:54at least from this year
03:562025, how is it from your eyes?
03:58Yes, thank you
04:00Mr. Pras. I think we
04:02should be grateful and proud
04:04because if we look at the
04:06condition of quarter 1
04:08at least in 2025
04:10before quarter 1, if we look at
04:12there is an export
04:14of textiles reported
04:16around USD 2 billion.
04:18I think in the middle of
04:20global warming, plus
04:22unclear geopolitics, we can
04:24rely on exports
04:26I think, and this is
04:28a labor-intensive textile, I think
04:30this is an extraordinary achievement.
04:32And if we look at various reports
04:34from the government, for example,
04:36the total number of employees
04:38that were achieved, at least
04:40there are about 4 million
04:42employees according to data
04:44that we heard from
04:46the government. Although this
04:48can be overestimated
04:50because we also heard
04:52at the same time there was
04:54a PHK, at least there are
04:5650 companies that we
04:58heard became PHK.
05:00So this number is
05:02a debatable number. But
05:04I think in
05:06development in general, there is an achievement
05:08although the achievement is moderate.
05:10And I think
05:12another addition is
05:14this is not even in all sectors, especially
05:16related to
05:18sectors that
05:20involve massive
05:22labor.
05:24An update from you,
05:26Mr. Retma, how is the
05:28real condition on the ground experienced
05:30by friends from production or
05:32TPT itself?
05:34Yes, that's right.
05:36So if we look at
05:38the data
05:40that was delivered by the government yesterday,
05:42the data is also a bit
05:44strange. Because
05:46in this field, yesterday
05:48exports increased, indeed exports increased
05:50if I think so.
05:52And that's also because
05:54it's more due to the
05:56commodity price.
05:58The price of raw materials increased, of course the export value
06:00increased. But in terms of volume,
06:02the increase
06:04is also insignificant.
06:06And if we compare it to
06:08a few years ago, 2 billion
06:10was still below expectations.
06:12Because before,
06:14the minimum per month was around 2.5
06:16billion.
06:18But it's okay if the export is still
06:20okay. So the problem is
06:22domestically. So yesterday,
06:24like Ibu Sri said,
06:26the growth is also
06:28negative, at around 4 percent.
06:30But
06:32there, Ibu Sri also did not
06:34add the trade balance.
06:36The trade balance is still positive.
06:38If we calculate in terms of growth,
06:40the trade balance is still positive. But if we
06:42calculate with the main market
06:44right now, it's illegal import.
06:46If we calculate with the illegal import,
06:48the trade balance is actually negative.
06:50So it means that the growth
06:52that was delivered by the government yesterday
06:54also does not
06:56represent the conditions
06:58in the field where many
07:00have become PHK. Because
07:02there is incomplete data.
07:04And we don't blame the data.
07:06Because the BPS records
07:08what is recorded by
07:10them
07:12from BSUK.
07:14But if we calculate the field conditions,
07:16even now,
07:18there are still PHK.
07:20So until this March, there are
07:222 companies. We can't release the names.
07:24Because this is also a bit
07:28but it has been checked yesterday. The last one
07:30that I can mention the name of yesterday
07:32is Bapintri, Bangun Peraja Industri.
07:34Yesterday, we cross-checked and
07:36the Kemen Perin friends also immediately
07:38came to the location. Indeed, there was
07:40PHK. So there are 2 things
07:42between data and facts
07:44on the ground that are not in sync.
07:46But on the big picture, if we look at it,
07:48indeed, the development
07:50at the moment, even on one side,
07:52there is
07:54PHK.
07:56But on the other side,
07:58we see that there will be
08:00relocation of investment, especially
08:02from China
08:04that will be used
08:06higher rates by
08:08the US government.
08:10In the future, there will be
08:12that prospect. Well, Mr. Retma, we know
08:14President Prabowo has also given
08:16instructions to his subordinates to continue
08:18the deregulation
08:20then the
08:22de-bureaucratization in the labor-intensive sector
08:24such as the TPT industry. Well, how is
08:26the realization so far?
08:28Moreover, will this be continued
08:30as it is, Mr. Retma?
08:32The other problem
08:34is the regulation.
08:36This regulation is related to
08:38import control regulation.
08:40This import control regulation
08:42is still not fixed.
08:44So yesterday, there was a
08:4636, but it only took 2 months
08:48for it to be relaxed into a
08:50labor-intensive sector. This is one point.
08:52The other point is related to
08:54investment permits.
08:56This is also a lot of
08:58concern because some
09:00investors that
09:02I mentioned earlier, because
09:04the US was banned,
09:06because the rates will be
09:08higher, they will relocate
09:10here. But they have a lot of
09:12complaints
09:14about bureaucracy,
09:16especially in this difficult area,
09:18about permits,
09:20licenses, etc.
09:22If it's to make a company, it's easy
09:24in the US.
09:26But for the industry,
09:28there needs to be a permit.
09:30So, the bureaucracy
09:32is easier to get a permit to be a trader
09:34than to make an industry.
09:36So, if the trader just makes it in the US,
09:38he can get a license to import,
09:40he can import directly.
09:42In the industry, there are a lot of things,
09:44so it's a bit difficult.
09:46Mr. Ahmad, what about the policies
09:48and strategies that the government
09:50has done? There was deregulation,
09:52then bureaucratization,
09:54then on the other side,
09:56there is also a direction
09:58for the labor-intensive sector
10:00to create a national
10:02strategic program, or PSN.
10:04How do you see it? Will this
10:06become a booster for the
10:08labor-intensive industry?
10:10Yes, I think for
10:12deregulation
10:14and bureaucratization,
10:16it's very good.
10:18Bureaucratization means
10:20there is simplification.
10:22As Mr. Redma has said,
10:24to be a trader at this time
10:26with such a long permit,
10:28it's like one door.
10:30One door, but there are a lot of windows.
10:32I think this needs to be
10:34recognized by the government,
10:36and hopefully there will be significant changes.
10:38But if we look at
10:40the establishment
10:42of the labor-intensive sector as a
10:44national strategic project,
10:46on the one hand,
10:48entrepreneurs are very happy
10:50and hopeful, because so far
10:52PSN is mostly
10:54infrastructure projects.
10:56If this is made into PSN,
10:58of course later
11:00there will be additional incentives.
11:02For example, tax relaxation,
11:04then there is
11:06easier land use.
11:08Because it is supported
11:10by the government.
11:12But,
11:14I want to say,
11:16there are holes there.
11:18If we don't fix it,
11:20there could be a conflict of interest.
11:22Where maybe one or two of Mr. Redma's members
11:24have a special closeness to the government.
11:26Finally, his project
11:28is actually a business-to-business project.
11:30Then it is made into PSN
11:32because it wants to get benefits
11:34from the advantages of PSN.
11:36As long as the assessment
11:38is true,
11:40it means it is accountable,
11:42it involves a lot of new
11:44workers,
11:46I think there is no problem.
11:48But there is a problem when the establishment
11:50of the PSN project is not transparent.
11:52And I think the establishment
11:54in the last seven years,
11:56the PSN project was full of controversy
11:58because it was not so transparent.
12:00Okay, this is interesting.
12:02We will ask for Mr. Redma's response.
12:04We know that the industrial complex industry,
12:06TPT, is also one of the national strategic projects
12:08in the next segment.
12:10We will have a short break.
12:12Mr. Redma, Mr. Ahmad and Mr. Mirsa,
12:14make sure you are still with us.
12:32Thank you for still joining us
12:34in the next market review.
12:36We will share the data for you
12:38related to the Indonesian manufacturing industry.
12:40Let's see what the trend is.
12:42In the last few months,
12:44Indonesian manufacturing continues
12:46to reach an expansive level
12:48of 53.6 points.
12:50It continues to rise in the last three months
12:52after the previous month experienced a contraction.
12:54Next,
12:56Indonesia's economic growth
12:58from 2019
13:00to 2024.
13:02In the last three years,
13:04Indonesia's economic growth
13:06is still at a 5% level.
13:08As you can see
13:10on the television screen.
13:12Next, we will discuss the economic growth
13:14and investment target
13:16to reach 8% in 2029.
13:18This year,
13:20it is expected to reach 5.3%
13:22with an investment of Rp 1,650 trillion.
13:24Then,
13:26it continues to reach
13:288% in 2029
13:30with an investment
13:32of almost Rp 3 trillion.
13:34Let's continue
13:36the discussion with
13:38Mr. Redma Gita Wirawasda,
13:40then Mr. Ahmad Nur Hidayat,
13:42an economist and a public policy expert
13:44from the UPN Veteran Jakarta.
13:46Mr. Redma,
13:48if we look at it,
13:50there is an instruction
13:52that the manufacturing industry
13:54and TPT
13:56are also part of the national strategic project.
13:58Is this finally
14:00a fresh wind, a moment that is also
14:02awaited by entrepreneurs in the manufacturing industry,
14:04including TPT?
14:06Please, Mr. Redma.
14:08I think this is
14:10a good breakthrough.
14:12Actually,
14:14this TPT sector,
14:16every year, every president
14:18always makes this sector
14:20a strategic sector.
14:22But,
14:24only on paper,
14:26it is made a strategic sector.
14:28We don't have
14:30things that are
14:32given significantly
14:34by the government
14:36related to facilities.
14:38If this is a national strategic project,
14:40I think there will be
14:42additional facilities.
14:44But what Mr. Ahmad Nur Hidayat
14:46said is true.
14:48If this is a
14:50by-project, by-company,
14:52it may be risky.
14:54I think it would be better
14:56if this PSN project
14:58is the sector that makes the project.
15:00When there is
15:02an incentive,
15:04it is given by the sector.
15:06So, not one or two companies, but the sector.
15:08So, any company that
15:10can meet the criteria
15:12can get a facility.
15:14For example, a cheaper energy facility
15:18that is below the market price,
15:20or
15:22tax cuts,
15:24PPN cuts, for example.
15:26But this is valid for
15:28all companies.
15:30This can be a good breakthrough.
15:33Okay.
15:34Next, Mr. Redma.
15:36For the medium and small industries,
15:38the government will also
15:40approve a revitalization package
15:42for the engine by allocating
15:44up to 20 trillion rupiah
15:46for investment subsidies through
15:48an investment credit scheme.
15:50How is it? 20 trillion,
15:52then will be given through credit
15:54with a tenure of about 8 years.
15:57I think
15:59for the revitalization of the engine,
16:01this has already been done.
16:03Okay.
16:04Since the end of 2016.
16:06Since then, there is no more.
16:08It's the same,
16:10flower subsidy.
16:11But the flower subsidy is calculated
16:13and done
16:15through reimbursement.
16:16So, buy a machine,
16:18the government pays
16:2010 percent.
16:2110 percent is calculated from
16:23if we calculate
16:25why there is 10 percent,
16:27because at that time it was actually
16:29calculated for the flower subsidy.
16:31So, the scheme is actually the same.
16:33But at that time,
16:35not only for small industries,
16:37but also for large industries.
16:39Small industries also exist
16:41in Kemen Perin,
16:43which is also managed by
16:45Kemen Perin.
16:47At that time, there was a loan.
16:49So, there are two schemes.
16:51There is a flower subsidy scheme,
16:53there is a loan scheme.
16:55The 20 trillion fund is very, very
16:57big, in my opinion,
16:59especially in the flow.
17:01Because in KMD, it's mostly in the flow.
17:03The price of this sewing machine
17:05is not like the price of a plowing machine
17:07or a millipede machine,
17:09which is billions in price.
17:11This is only a maximum of tens of millions.
17:13I think if this small industry
17:15needs more
17:17capital.
17:19So, cash flow.
17:21So, I think if the cash flow is helped,
17:23in this case,
17:25whether a subsidy is provided
17:27or assistance is provided,
17:29if this small industry
17:31buys raw materials from the country.
17:33This is so that
17:35not only assistance is provided,
17:37but raw materials are provided
17:39from imports.
17:41So, the money flows out again.
17:43But if raw materials are provided from the country,
17:45it can be used
17:47to a greater extent.
17:49So,
17:51the subsidy,
17:53I think if the subsidy is
17:55clearer,
17:57or the loan for cash flow,
17:59if it provides
18:01raw materials from the country,
18:03it will be healthier.
18:05Cash flow, at least
18:07to increase liquidity from companies,
18:09small and medium-sized
18:11TPT industries in Indonesia.
18:13Mr. Ahmad, how do you see the policy
18:15similar to the budget of 20 trillion
18:17for investment credit with
18:198 years, then 5%
18:21subsidy for
18:23cash flow from banks
18:25that will be held by the government?
18:27I think
18:295% cash flow subsidy is very
18:31easy in this case
18:33for MSMEs.
18:35But remember that the subsidy
18:37is the scheme of the MSMEs.
18:39It means that the MSMEs
18:41must be bankable.
18:43The problem is, if we talk about
18:45TPT industries,
18:47it is very rare for MSMEs
18:49to be bankable.
18:51And again, if we don't have
18:53a clear criterion,
18:55the subsidy can be misguided.
18:57It's better to say
18:59like the old policy,
19:01where not only MSMEs
19:03but also medium-sized
19:05industries can get
19:07this subsidy.
19:09That's the first thing.
19:11Second, in 8 years,
19:13I think it's good,
19:15that these textile machines
19:17should have flexibility.
19:21Let's say 12-15 years,
19:23I think it's better.
19:25Although we also remember that
19:27in the context of the labor sector,
19:29we can't always equalize
19:31with other sectors.
19:33It means that when an entrepreneur
19:35makes an investment,
19:37in the first month, he must pay
19:39for it. I think we should
19:41have a method like
19:43a grace period.
19:45We give it to the contractors,
19:47textile, TPT, and other industries,
19:49so that they can breathe.
19:51Let's say a grace period
19:53is 1-2 years.
19:55So the machine shouldn't be burdened
19:57by the flower in the first month.
19:59I think this will help them,
20:01especially the contractors,
20:03to breathe longer,
20:05so they can generate a better profit.
20:07And I think,
20:09if I add, there should also be
20:11a system like
20:13a credit guarantee scheme.
20:15Especially for the contractors,
20:17because they usually
20:19don't have a guarantee.
20:21Let's say they want to borrow 1 billion.
20:23If they don't have a guarantee,
20:25it can be a hindrance.
20:27So I think,
20:29it's good if the subsidy
20:31is not only
20:33for financing,
20:35but also to make sure that
20:37the material doesn't increase
20:39or fluctuate at an extreme price.
20:41How to do this?
20:43I think there should be a scheme
20:45to keep the material price stable.
20:47At least,
20:49it doesn't depend too much on imports
20:51as Redmat said.
20:53But maybe the material should be prepared,
20:55made a special cluster,
20:57guaranteed by the government,
20:59trained by the government,
21:01so that these industries can have a stable price
21:03and a stable supply.
21:05Okay, that's it.
21:07Let's talk about the system
21:09for the TPT industry in Tanah Air.
21:11Even though we know that there are incentives
21:13provided, but when they produce
21:15but there is no market,
21:17we will discuss that in the next segment.
21:19We will be back after the break.
21:21We will be back after the break.
21:37Thank you for joining us in Market Review.
21:39We will continue our discussion
21:41with Mr. Retma Gita Wirawasda,
21:43Chairman of Serat Benang & Filamen Indonesia,
21:45and Mr. Ahmad Turhidayat,
21:47an economist and public policy expert
21:49from UPN Veteran Jakarta.
21:51Mr. Retma, if we look at
21:53the various efforts
21:55that have been made to
21:57maintain the sustainability
21:59and productivity of the TPT industry,
22:01or in general,
22:03how do you see
22:05the market itself?
22:07If there is an incentive policy
22:09of 20 trillion that will be provided,
22:11then some of the policies
22:13that we have discussed earlier.
22:15So,
22:17what we talked about earlier,
22:19the incentives that will be
22:21carried out by the government
22:23will be useless if the government
22:25has not completed the main problem,
22:27namely the domestic market.
22:29The domestic market imports
22:31are very large,
22:33both legal and illegal.
22:35So, this is what should be
22:37the main target first.
22:39So, before that is done,
22:41because it will be useless.
22:43Investments,
22:45if it does not see a market,
22:47it will not want to invest.
22:49So, earlier the government gave
22:5155% subsidy to buy machines.
22:53The rest,
22:55it has to pay for itself.
22:57If it pays for itself,
22:59if it sees that the market is still
23:01a cheap import,
23:03which is not fair,
23:05it will not want to take it,
23:07even though the government
23:09has given incentives.
23:11So, the main thing
23:13that should be done first
23:15is to limit
23:17the domestic market
23:19to smuggle illegal
23:21imported products
23:23and control imports.
23:25Well, if we look at
23:27Mr. Ahmad, with the various policies
23:29that have been announced,
23:31there must be a policy framework,
23:33then what is the orchestration
23:35so that it is really the right target,
23:37the right benefit,
23:39as it is felt for the industrial industry itself.
23:41So, the suffering,
23:43if we can say,
23:45the suffering of the industrial industry,
23:47including the textile industry,
23:49has actually been happening
23:51for almost 12 years or more,
23:53when imports are open.
23:55And I think the presence of the government,
23:57is a game changer for this industry.
23:59How is this game changer done?
24:01Of course,
24:03the deregulation
24:05done by the government
24:07should really help entrepreneurs
24:09to develop.
24:11Not even deregulation,
24:13it will make it easier for foreigners
24:15to come here.
24:17Or later, deregulation
24:19will make our trade
24:21suppressed, so there is a rise to bottom
24:23for the trade.
24:25So, this industrial industry
24:27is cheap,
24:29which means they will suppress
24:31the workers again.
24:33That's the first issue.
24:35The second issue is,
24:37we have to remember that the key to success,
24:39the second one is the PSN program,
24:41and subsidies.
24:43The key to success of these two programs
24:45is transparency.
24:47So, I think we have to closely monitor
24:49how the PSN implementation,
24:51and also the 5% subsidy program,
24:53has been done,
24:55but it's actually wrong.
24:57And the next one, I think we still have to
24:59protect the wages
25:01of our workers,
25:03so that all the programs
25:05made by the government,
25:07in the end, their wages
25:09will decrease.
25:11Because of the inflation, the prices of goods
25:13are rising, people
25:15have to be suppressed again
25:17with lower wages.
25:19I think this is what we have to be aware of.
25:21But we also have to think
25:23that the industrial industry
25:25also has to be trained.
25:27The vocation is also important
25:29to upgrade.
25:31It's impossible for us to buy machines
25:33if we don't train the machine operators.
25:35I think we also have to
25:37provide training
25:39for human resources,
25:41especially those who work in the industrial industry.
25:43Okay, Mr. Ahmad.
25:45Mr. Redman, how do you see the hope
25:47and readiness of the industry's actors
25:49to implement this policy
25:51as soon as possible this year?
25:53This is indeed the policy
25:55that we are waiting for.
25:57We just don't know
25:59what exactly
26:01we will discuss
26:03with the government
26:05or our colleagues
26:07to discuss.
26:09So,
26:11we also hope that the government
26:13will listen to
26:15clear input from us.
26:17Because this has been discussed
26:19for almost the last two years.
26:21But the policy
26:23also seems half-hearted.
26:25But with President Prabowo
26:27giving a clear
26:29order,
26:31I hope,
26:33we hope this will be
26:35what Mr. Ahmad called
26:37a game changer.
26:39The government's policy
26:41so that we will not
26:43continue to be under
26:45the pressure of imported products.
26:47Okay, that's it.
26:49With various policies,
26:51I hope it can really be a solution
26:53that meets the target.
26:55So that it can immediately increase
26:57the capacity of the TPT industry in the country,
26:59and then the labor-intensive industry
27:01in general in Indonesia.
27:03So that it can be one of the game changers
27:05for Indonesia's economic growth in the future.
27:07Okay, Mr. Redman, thank you very much
27:09for your time, sharing, and updates.
27:11Mr. Ahmad, thank you also for the analysis
27:13of the audience today.
27:15Congratulations on continuing your activities.
27:17Stay healthy. See you again.
27:19Stay healthy.
27:21Don't leave your seat,
27:23because we will be back
27:25with another interesting topic,
27:27which is the special economic area,
27:29Game Changer, Economic Equality.