Thu, 17 Mar 2011

TEMPO Interactive, Jakarta:The Indonesian Chamber of Commerce and Industry (Kadin) chairman, Suryo Bambang Sulisto, says the government’s decision to lower interest rates shows it is serious about developing infrastructure. The national loan interest rate in Indonesia is the highest in ASEAN and a disincentive for investors.

Long-term project require monetary and fiscal incentives, said Suryo. Infrastructure deputy chief Zulkarnain Arief said Kadin’s national meeting discussing infrastructure in Makassar was expected to produce recommendations for the government.

Kadin is committed to accelerating infrastructure development to support the government’s program in six economic corridors.