The Government would soon issue a Perpres as amendment to Presidential Regulation No. 71 year 2012 as complementary instrument to Law No 2/2012 on land procurement for infrastructure building.
Chairman of Indonesia’s Chamber of Commerce (KADIN) Suryo Bambang Silsto expected that with the issuance of the Perpres all hindrances to business activities due to land clearing problem could be overcome.
Beside land procurement, KADIN also touched on some regulations to be issued by the Government, such as taxation. According to Suryo, communication with the President Jokowi could correct misperceptions among businesspeople. “Very frequently there was misunderstanding and the Government was regarded as not supportive, such as tax policy. President Jokowi had explained, now there will be no more misperception,” Suryo said.
In that same opportunity Vice chairman of KADIN Indonesia, James Riady stated that the Government had high optimism for economic growth. Therefore, amidst global uncertainty, Indonesia was optimistic to step up growth target from 5.02% to 5.8%. “It underscore that investment climate in Indonesia is good,” James said. (SS)
Business News - February 13, 2015