Coordinating Minister for Economic Affairs, Airlangga Hartarto, has urged all stakeholders to respond quickly to the shift in community behavior and the impact of the pandemic, especially business actors who need to maintain business continuity.

“This situation re-emphasizes the need for the importance of the principles of Governance, Risk, and Control (GRC) as an alarm for management in dealing with the current unpredictable situation,” the minister said in a statement received in Jakarta on Friday.

The government has implemented Governance, Risk, and Control (GRC), which aims to provide a quick response to the dynamics of the pandemic, he added.

“Basically, the implementation of the GRC has the main function as a tool to achieve goals and to overcome uncertainty,” the senior minister said.

In addition, the Coordinating Ministry for Economic Affairs has also issued the Decree of the Coordinating Minister for Economic Affairs Number 44 of 2021, which renews the mandate of the National Committee on Good Corporate Governance (KNKG), which has been adjusted to the mandate of Law Number 11 of 2020 concerning Job Creation, he informed. This step is part of an effort by the government for improving the governance system in Indonesia, he said.

“I hope that all stakeholders, especially business actors, can respond to the dynamics of the pandemic in terms of work patterns and business processes. Business as usual is not enough. This pandemic condition emphasizes that the adjustment of the GRC is very important to achieve the common goal of national economic recovery,” Hartarto said.

Meanwhile, Indonesia’s economic recovery from the impact of COVID-19 is a must, but the people’s health remains top priority, State-Owned Enterprises (SOEs) Minister Erick Thohir stated.

Health remains a fundamental part of the Indonesia Healthy, Indonesia Work, and Indonesia Grow concept, Thohir said while speaking during the Capital Market Summit & Expo (CMSE) 2021 here on Thursday.

To support national health, SOEs will continue to cooperate with the Health Ministry and Foreign Affairs Ministry for figuring out a solution, so that the nation no longer has to import vaccines, he added.

In its effort to produce a domestic vaccine, the SOEs Ministry is collaborating with several parties from Indonesia’s best universities and also research institutions, he noted.

“We are also open to cooperation with popular universities in the world,” he affirmed.

Source: Antara News