The Government planned to improve more than 30 regulations which were not environmental friendly for better assurance to the people. “The fearful thing to businesspeople is no assurance of project execution. This is what we will troubleshoot first, we will straighten things out” the Coordinating Minister of Economy Hatta Rajasa said upon closing the Indonesia International Infra-Stucture Conference and Exhibition in Jakarta on Thursday (30/8).
Beside improving Government’s regulations investment climate would also be made better through the application of Law and Presidential regulations on land acquisition for public utilities which were believed to bring assurance. “As soon as we announce the project, we know when acquisition would be accomplished. The Law commands that in a matter of days it should be completed even if the case has to be brought to the Supreme Court of Justice” Hatta underscored.
Furthermore Hatta remarked that of the so many Regulations, one of the regulations to be improved for drumming up investors was incentives. This incentives would be differentiated between regions well developed, less developed and undeveloped. For investors in corridor six corridor six for instance, greater incentives would be given since the infra-structure were less, etc.
Still in relation to incentives Hatta claimed that the Government was scheming up a plan to encourage the private sector to build infra-structure related to big incentives such as given in manufacturing development through PP. No. 62 year 2008.
Business News - September 5, 2012