Government Expected To Routinely Outline Execution Of Packages

Jakarta (Antara Bali) - Chief economist of PT Bank Negara Indonesia Persero (BNI) Ryan Kiryanto hopes that the government would routinely announce progress made in implementation of the two economic packages launched in September.

Announcement of the progress made in the implementation would allow the market to make evaluation, give inputs, criticize  and give recommendation, Ryan said.

"The market is awaiting execution by the government in bringing to reality the September policy packages I and II,"Ryan said here on Wednesday.

He described as "good in substance" the two economic policy packages announced separately by the government in September.

With comprehensive communications with the people, the government would know the next policy it should make to shore up economic growth, he said.

He said he hoped the economic policy package II, which is designed to boost investment could be implemented directly by relevant agencies.

"There is no reason for the relevant agencies  not to start execution immediately as it is technical in nature," he said, adding "there is no reason that  policy implementation is still in the process."

The September II policy package is a matter of efficiency  in operational activities  in the business sector such as acceleration of licensing procedure.

Therefore, there would be certainty for investors that could recover the public confidence  in the government, he said.

"With the recovery of the investors' confidence  in the government investors would be more aggressive. Currently the business and market players tend to choose and wait,"  Ryan Kiryanto said.

Meanwhile, president director of the Indonesian Stock Exchange   Tito Sulistio said, in general the September policy package II cutting deposit interest rate for exporters  and reducing time for  licensing procedure from eight days to only three hours is "very positive" in attracting investors.

"The policy would draw investment into the country. This one positive point we have been waiting for. A number of other positive points  have been announced and I believe budget spending would start creeping up in October especially for infrastructure development," he said. (WDY)