Wednesday, 24 April 2019 00:00

OFFICIATED INDONESIAN NOTARY ASSOCIATION, PRESIDENT MENTION COMPLICATED INVESTMENT IN INDONESIA

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President Joko Widodo mention about the complication of permit investment system in Indonesia. It was stated by the President when opening the the 23rd Indonesian Notary Association on Tuesday afternoon (23/4) in Presidential Palace, Bogor, West Java. In his welcoming speech President admitted he still received many complaints from foreign investors about the difficulty to invest in Indonesia. According to President, Indonesia has made huge progress on the investment easiness for foreign investors. The difficulty is attached to the permit beurocracy makes many of them cancelled the investment.

"Complicated mean long time. Complicated means more money to pay. These are the problems that I always heard from foreign investors that want to invest in Indonesia. What is this mean? Our execution is slow. The problems is in our self. To many rules, to many permits to make it makes them who already entered get out again. It's not 12345. I've heard many from them" President said. 

Based on world bank survey, the easy level of investing in Indonesia has made significant progress to be 72 from 120. According to Jokowi, it should be able to increase foreign investment value in Indonesia that will be impacted Indonesian economy growth. Beside investment, Jokowi also mention the key of Indonesian economical growth is export activities. The two elements can boost Indonesian economy.//Trans:NK

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