REPUBLIKA.CO.ID, JAKARTA -- The economic policy package will strengthen the national industry and help develop small and medium enterprises, President Joko Widodo said on Wednesday.

"The stimulus package is expected to facilitate inter-regional trade and tourism, as well as increase fishermen's welfare and the production of fish catch. The package will also economize fuel by 70 percent through the conversion of diesel fuel into liquefied petroleum gas (LPG)," President Joko Widodo said at a press conference held on Wednesday.

A number of ministers accompanied the President as he announced a new economic policy package. They included Coordinating Minister for Economic Affairs, Darmin Nasution, Finance Minister, Bambang Brodjonegoro and Minister of Energy and Mineral Resources Sudirman Said.

Also present were the Minister of Agriculture, Amran Sulaiman, Trade Minister, Thomas Lembong, State Secretary, Pratikno, the Chief of the Presidential Staff, Teten Masduki, Cabinet Secretary, Pramono Agung, the Governor of Bank Indonesia, Agus Martowardojo, as well as Financial Services Authority (FSA) Muliaman D. Hadad.

On the occasion, the President urged all stakeholders to support the government in overcoming Indonesia's economic slowdown.

"Let us unite to face the challenges of the global economic slowdown. The government will implement the commitment seriously. I will lead the working cabinet directly to make a breakthrough," the President stated.

He also pointed out that the economic policy package was comprised of three measures.

Firstly, the government would encourage national and industrial competitiveness through investment deregulation, law enforcement and business assurance.

Secondly, the government would accelerate the national strategic project by removing obstacles in the implementation and completion of projects.

Thirdly, the government planned to increase investment in the property sector.

"There are 89 regulations that have been revised as part of the efforts to strengthen coherence, to prune irrelevant regulations and to increase the competitiveness of the national industry," the President reiterated.

He presented 17 government regulations, 11 drafts of presidential decrees (Perpres), two drafts of presidential instruction, 63 drafts of ministerial regulation, as well as five other regulation drafts.

"The government has also simplified getting permits, improved procedures of licensing, strengthened synergy, and used electronic-based services," the President said.

President Widodo also expressed his commitment to completely deregulating all economic packages in September and October 2015.

"So there will be a first, a second and a third package announced," the President said.

In the package, the President also simplified the process for getting a permit for spatial and land supply, accelerating the purchase of government goods and services, as well as decreasing obstacles in legal issues.

In addition, the government will boost development of low-cost housing and facilitate greater investment in the property sector.

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