Wed, 26 Jan 2011

TEMPO Interactive, Jakarta:Businessmen are optimistic this year’s investment target can be achieved. “I think the real and non-real investment target of Rp240 trillion can be achieved in 2011,” Djimanto, the Indonesian Businessmen Association (Apindo) chairman, told Tempo yesterday, adding the world economy had improved.

Local regulations support investments, including the permanent interest rate reference, while the real sector has already implemented the tax holiday policy. “The investments are mostly directed to the real sector,” Djimanto said. However, he called on the government to address legal certainty, licensing and land ownership concerns.