Wed, 30 Jun 2010

Jakarta (ANTARA News) - Indonesia still has a good chance of attracting foreign investors as world trade has been improving.

Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for investment, transportation, information and telecommunication Chris Kanter said in Jakarta Monday that actually Indonesia has some special features which attracted foreign investors.

"World trade would soon be restored, and the Asian region may rise quicker, and Indonesia will have the positive utility of economic restoration. In the restoration process and afterward Indonesia would become increasingly interesting to foreign investors," he said.

He said that some of the pluses Indonesia has include in attracting foreign investment include the large population, the readily available work force and productivity would could still be further raised, the availability raw materials, political stability and the still wide space for market mechanism application.

Besides, he added, costs not having directly to do with economic activities have been increasing, in other words a good corporate governance is already in existence.

Direct foreign investment to the developing countries especially to Indonesia, he said, may be restored in the 2010-2014 period.

However, in the competition of direct foreign investment, Chris Kanter said, the developing countries need to be improve themselves.

In the meantime, the independent commissioner of PT Indosat Tbk also suggested to strengthen the domestic market, produce a conducive climate for investment and improve infrastructure to reduce fixed production cost.

To boost domestic investment, Chris reminded the government to give concrete support.

Several stimuli like tax and custom duty reforms, policy and implementation synchronization, and improvements in manpower and infrastructure sector, are all considered the `sugar` which the government needs to provide. (*)