Indonesian Political, Business & Finance News

Indonesia must revise its laws constantly: Try

| Source: JP

Indonesia must revise its laws constantly: Try

JAKARTA (JP): Indonesia should stick to the 1945 Constitution
in facing rapid global change but should also be prepared to
review laws which are no longer applicable, Vice President Try
Sutrisno said yesterday.

Opening a major seminar on law at the Merdeka Selatan Palace,
Try cited as an example the economy, where, he said, the
government had introduced a series of deregulatory measures
designed to make the country more competitive in the world
market.

"This prompts us to draw up new regulations allowing us to
liberalize our trade system and privatize certain business
sectors," he said.

Try said Indonesia needed new legislation on business and
investment in order for the country to remain on course in its
development as it faces growing competition.

Noting that legal developments should be carried out orderly
and in the interests of the general public, Try said the law
should protect and benefit all layers of society, particularly
the less privileged ones.

The four-day seminar, involving 400 legal experts and
practitioners, later proceeded at the Sahid Jaya Hotel. Among the
speakers who addressed the gathering were Minister of Justice
Oetojo Oesman, Minister/State Secretary Moerdiono and former vice
president Sudharmono. (03)

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