JAKARTA (TheInsiderStories) – Finance Minister Sri Mulyani Indrawati says Indonesian Government will simplifying regulations and providing incentives to lure investor come to the country. She promised government will reducing the various rules that hinder and create a shorter and easier investment process.

Sri Mulyani continued, her ministry will cooperate with the Ministry of Industry to evaluate the incentives in the form of tax holidays and tax allowances. Her colleague will also help to determine which industries are entitled to receive incentives.

In the front of ambassadors, President Joko Widodo asked the Working Cabinet to quickly improve the investment and export to drive Indonesian economic growth. He stressed it that the investment is needed to open additional employment and accommodate unemployment.

Widodo said to improve the two sectors Indonesia should be able to improve the ease of doing business climate ranging from the level of the central government to the local governments. On the other hand, the former mayor of Solo requested that businesses and state-owned companies are also involved in work on non-traditional export markets.

President Widodo already instructed the Ministry of Foreign Affairs in order to hold an exhibition in large populous non-traditional countries such as Pakistan, Bangladesh, and other countries in Africa with high economic growth.

He explained that Indonesia’s economic growth in the fourth quarter could grow peak at 5.19 percent. Similarly, household consumption is expected to have improved in line with a cash-intensive programs that have been rolled out in a number of areas.

Email: linda.silaen@theinsiderstories.com  

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The Insider Stories Founder Linda Silaen has a solid, proven history, established over more than a decade as a journalist with a leading internasional news organization, of being the first with the biggest economic news stories in Indonesia. Specializing in corporate news, Linda is also a veteran of some of the biggest macroeconomic and general news stories as Indonesia rapidly transforms into a major market economy. One of the founders of the original blog from which this company developed, Linda’s knowledge of investors’ information communications and data us developed from unrivaled networking skills that make her a well-known name among CEOs, bankers, government officials and private equity investors both in Indonesia and other countries.


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