Jakarta, CNBC Indonesia – Diana Dewi, the Chairwoman of Kadin DKI Jakarta, views the layoffs and bankruptcy of Quantum stove manufacturer as a stark reflection of the government’s insufficient support for domestic industries.

The policies implemented by the government have been deemed ineffective in addressing various issues, such as the pressure on purchasing power and the influx of imported products that local industries face. Furthermore, the regulations concerning the Domestic Component Level (TKDN) have inadvertently become a double-edged sword for several business sectors.

Business actors are hopeful that the upcoming administration of Prabowo-Gibran will provide legal and regulatory certainty, along with being pro-business, amidst the myriad of business pressures.

What challenges and solutions does the Indonesian manufacturing industry need? For a comprehensive discussion, tune in to the dialogue between Dina Gurning and FX Analyst CNBC Indonesia Research, Revo Gilang Firdaus, with Diana Dewi, Chairwoman of Kadin DKI Jakarta, in Profit, CNBC Indonesia (Thursday, 12/09/2024).