APEC meeting to be held here<\/p>\n
JAKARTA (JP): Government officials and business leaders of the
\nAsia Pacific Economic Cooperation (APEC) forum will meet here
\nthis month to discuss problems in the infrastructure sectors, an
\nexecutive said yesterday.<\/p>\n
\"Complicated regulations have slowed private sector
\ninvestments in the infrastructure sector,\" Secretary-General of
\nthe Ministry of Public Works Ruslan Diwiryo said.<\/p>\n
\"That is why we will hold a discussion from Sept. 19 to Sept.
\n21 at the Borobudur Inter-Continental Hotel,\" he said.<\/p>\n
The Public-Private Sector Dialog on APEC Cooperation in
\nInfrastructure will be opened by Minister of Public Works Radinal
\nMoochtar.<\/p>\n
\"Because investors in the infrastructure sector want to be
\nsure about political risks, developments of inflation and other
\neconomic fundamentals we have to create appropriate conditions
\nthat will support their investments,\" Ruslan said.<\/p>\n
\"This is important because we have to compete with the other
\nAPEC members to get international funds for infrastructure
\ndevelopment,\" he said.<\/p>\n
He explained that Indonesia needs about US$50 billion in
\ninvestments for infrastructure development until the end of the
\ncentury.<\/p>\n
\"This tremendous demand cannot be provided by the government
\nalone,\" he said.<\/p>\n
A recent study by the World Bank indicates that the East Asian
\nregion needs about $1.2 trillion to $1.5 trillion of investment
\nfor infrastructure development through the end of the century.<\/p>\n
\"China is a great challenge for our country because it will
\ntake half of the international funds for its infrastructure
\nprojects,\" Ruslan said.<\/p>\n
APEC groups Australia, Canada, Chile, Mexico, Japan, China,
\nHong Kong, Taiwan, South Korea, Indonesia, Brunei, the
\nPhilippines, Malaysia, Singapore, Thailand, Papua New Guinea, New
\nZealand and the United States.<\/p>\n
Imam Taufik, a deputy chairman of the Indonesian Chambers of
\nCommerce and Industry, said that from the dialog, which will be
\nattended by 150 participants, Indonesia can learn about worldwide
\nfinancing.<\/p>\n
Rahardi Ramelan, a deputy chairman of the National Development
\nPlanning Board, explained that the results of the dialog will be
\nsubmitted at the APEC summit in November in Japan. (31)<\/p>",
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"sponsor": "Okusi Associates",
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