Fri, 11 Mar 2011

From: Antara News

By From: Antara News
Perth, Australia (ANTARA News) - Visiting Vice President Boediono said the Indonesian government is improving transparency of investment regulations at central and regional levels as part of efforts to attract more investment.

"Our long-term attention is particularly for foreign investors. We are improving the transparency and certainty of regulations at central and regional levels," he told tens of Australian businessmen at a discussion on Indonesia-Australia cooperation opportunities here on Thursday.

Also present at the event organized by the Government of Western Australia in cooperation with the Australia-Indonesia Business Community were Indonesian Education Minister M Nuh, Administrative Reforms Minister EE Mangindaan and Australian Minister of Agriculture and Forestry Garry Redmen.

Boediono said among the step already taken by the government was revising negative list of investment by increasing transparency and more importantly, improving competitive edge and services.

"In a number of cases, we have the right to close a number of sectors or open some of them and we hope investors could understand this," he said.

The vice president admitted the amount of investment in the infrastructure sector plunged in the wake of the 1998 financial crisis and was now growing at a slow pace.

He put the blame on the slow pace of land clearance for the low investment in the infrastructure sector.(*)