Minister Pandjaitan Targets to Increase Employment through Family Office

Jakarta – Indonesian Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan targets an increase in gross domestic product (GDP) and job creation through the family office investment scheme, or family-based fund management.

Minister Pandjaitan explained that the family office scheme is an effort to attract wealth from other countries to stimulate national economic growth.

"According to data from The Wealth Report, Asia is projected to experience economic growth of 38.3 percent during the period of 2023–2028," the minister said through his official Instagram account on Monday.

In addition, the increase in the amount of global financial assets invested outside their home countries is also projected to continue rising.

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[dok. Menteri Koordinator Bidang Kemaritiman dan Investasi, Luhut Binsar Pandjaitan]

Photo :

• VIVA.co.id/Mohammad Yudha Prasetya

Minister Pandjaitan explained that currently, several countries in the world host these assets, with two of them being in Asia, namely Singapore with 1,500 family offices, and Hong Kong with 1,400 family offices.

"However, the geopolitical conditions in Hong Kong and changes in investment regulations in Singapore increase investor risk and uncertainty," the minister remarked.

Observing this trend, Minister Pandjaitan took advantage of the opportunity to attract funds from other countries through the family office scheme to boost national economic growth.

“It allows Indonesia to seize the opportunity to become an alternative by establishing a Wealth Management Centre, due to our strong economic growth, stable political conditions, and neutral geopolitical orientation,” he concluded.

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Observing this trend, Minister Pandjaitan took advantage of the opportunity to attract funds from other countries through the family office scheme to boost national economic growth.