Investments in NTB Impeded by Licensing
Tuesday, 18 November, 2008 | 18:27 WIB
TEMPO Interactive, Mataram:West Nusa Tenggara (NTB)Investments Agency's Promotion chief, Manggaukang Rabah, said not many investors have been attracted to his area because of licensing obstacles.
For the last five years, only five foreign and five local investors have started ventures in the area, he said. "The difficulty in getting licenses is one major reason why investments are low in the provinces," Manggaukang said yesterday.
In order to accelerate the process, NTB administration has asked the central government to immediately issue a regulation on licensing to follow up on Law no. 25/2007 on Investments.
SUPRIYANTHO KHAFID
TEMPO Interactive, Mataram:West Nusa Tenggara (NTB)Investments Agency's Promotion chief, Manggaukang Rabah, said not many investors have been attracted to his area because of licensing obstacles.
For the last five years, only five foreign and five local investors have started ventures in the area, he said. "The difficulty in getting licenses is one major reason why investments are low in the provinces," Manggaukang said yesterday.
In order to accelerate the process, NTB administration has asked the central government to immediately issue a regulation on licensing to follow up on Law no. 25/2007 on Investments.
SUPRIYANTHO KHAFID