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)
Related News
BKPM, Tourism Ministry Promote Tourism Investment To 400 Businessmen
Friday, 24 Februari 2017 17:08
King Salman`s Visit To Bali To Boost National Tourism
Friday, 24 Februari 2017 7:04
Indonesia Offers Sea Territory for Investment to China
Sunday, 4 September 2016 10:24
President Joko Widodo Explains Investment Potential to Chinese Businessmen
Sunday, 4 September 2016 10:16
Indonesia Second Favorite Investment Destination in The World
Tuesday, 3 Mei 2016 7:26
Indonesia Promotes Investment Policy Reforms in Germany
Tuesday, 19 April 2016 8:47
Indonesian Embassy Holds Business And Investment Forum In Wellington
Saturday, 3 Oktober 2015 12:45
Indonesia Encourages UK To Boost Investment
Tuesday, 28 Juli 2015 16:33
Government Hope To Capitalize On Wef To Draw Investors
Wednesday, 8 April 2015 10:19
Indonesia Wants Toyota To Become Country's Investment Ambassador
Wednesday, 25 Maret 2015 17:08
BKPM Promotes Its One Stop Integrated Service In Japan
Wednesday, 25 Maret 2015 17:02
Indonesia, China Sign 12 Investment MOUs
Sunday, 9 November 2014 21:13