Sri Mulyani: Simplify Regulation to Lure Investment

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.