Govt prepares measures to promote investment<\/p>\n
JAKARTA (JP): The government is preparing special measures to
\nimprove the business climate, to attract more investment, so that
\nthe investment target of Rp 815 trillion (US$360.3 billion) can
\nbe achieved within the Sixth Five Year Development Plan period.<\/p>\n
Minister of Investment\/Chairman of Investment Planning Board
\nSanyoto Sastrowardoyo said Monday evening in a meeting, that
\nunder the planned measures, the government will, for example,
\nhelp lower the costs for sea and air transportation.<\/p>\n
The government is also considering offering incentives which
\nwill encourage companies to improve efficiency, Sanyoto said in
\nhis written address at the meeting for the promotion of
\ninvestment in Southeast Sulawesi.<\/p>\n
His address was read out by Sugihono Kadarisman, a deputy
\nchairman of the Investment Coordinating Board.<\/p>\n
Sanyoto said the measures will be emphasized more on the
\npromotion of investment activities in the country's eastern
\nprovinces, including Southeast Sulawesi.<\/p>\n
Last week, President Soeharto said in his state address before
\na plenary session of the House of Representatives that the
\ncountry's investment target, originally estimated at Rp 660
\ntrillion during the current five-year plan period, beginning in
\n1994, should be revised upward to Rp 815 trillion, to achieve a
\nhigher growth rate in the country's economy.<\/p>\n
He said the government aims at accelerating the growth of the
\ncountry's economy to an average of 7.1 percent in the five-year
\nperiod, as compared to the original target of 6.2 percent.<\/p>\n
Sanyoto acknowledged that it will be difficult to reach the
\ninvestment target of Rp 815 trillion without any improvement in
\nthe business climate.<\/p>\n
Economists have commented that a higher economic growth would
\nbe easily achieved if the government eradicated corruption and
\ncollusion between certain business people and government
\nofficials.<\/p>\n
Sanyoto said he was sure that the planned measures will be
\nable to increase the inflow of foreign investments into
\nIndonesia.(31)<\/p>",
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