Investors Asked for Improvement of Infrastructure, Regulation: British Ambassador

Jakarta (Antara Bali) - Both foreign and domestic investors are asking for improvement of Indonesias infrastructure and regulations to stimulate the countrys economy, British Ambassador to Indonesia Moazzam Malik stated in an investment forum here on Thursday.

"Local and foreign businessmen have similar request before investing in Indonesia. It covers improvement of infrastructure and regulations since they believe Indonesia has large potential," he said.

A good regulatory system, Moazzam said, included work permit and other related licenses needed to accelerate the business.

"The regulation must be simple, consistent, and transparent," he explained.

Meanwhile, infrastructure improvement was significant to reduce the high logistics cost which is considered as a burden for the investors.

Moazzam believed if those two issues were overcome wisely, Indonesias economy could grow from five percent to over six percent.

Ambassador Moazzam, who has traveled to some provinces and met foreign as well as local businessmen, saw great potential for Indonesia to become the 7th biggest economy in the world by 2030.

"Currently, Indonesia is the 16th biggest economy in the world. But how Indonesia would make it into the 6th, 7th, or 8th position in 2030 really depends on the policies taken by its government," he said.(WDY)