Sat, 10 Feb 2007
Jakarta (ANTARA News) - Economic observer of the Econit Institute, Hendri Saparini, said the floods that had hit Jakarta over the past seven days have reduced investors` interest in operating in Indonesia.

"Natural disasters can happen in any country but the problem here is that the government`s response to the floods was too slow," he said here.

He said the government`s slow response to the floods would reduce investors` confidence in investment security in Indonesia.

Hendri said the government should have made concrete rulings in anticipation of the occurrence of floods in the capital city.

He said although natural disasters had also occurred in the regions, the disaster in the capital city would significantly reduce investors` trust.

"If the handling of a natural disaster up-country is slow, that would be understandable because regional administrations lack enough facilities and access to disaster locations. But slow handling of a disaster in the capital city where the government is centered is something hard to believe," he said.

The floods in Jakarta and environs which began on Thursday (Feb 1) have been mainly attributed to the overflowing of rivers whose upper reaches in the Bogor region south of the capital absorbed excessive volumes of water during prolonged torrential rains.

Some 70 percent of Jakarta`s territory was inundated, at least 39 people reportedly lost their iives and about 100,000 of others had to leave their homes to escape the flood waters.

Overall material damage and economic losses caused by the floods were estimated to run into trillions of rupiah. (*)



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