Index

 29 June 2009

 
Central government urged to ease requirements for investors
JakartaPost

The Malang regency administration urged on Monday the central government to ease requirements for investors in order to boost local economy.

"I think the central government should launch a pro-investor policy and ease requirements for investors to invest their money in the regions. I am sure we (the regions) could grow faster," Malang deputy regent Rendra Kresna was quoted by Antara news agency as saying.

He did not elaborate.Rendra said the some investors had delayed their investment plans worth trillions of rupiah due to various difficulties they faced from the central government to realize their plan.

He said, for example, his regency got an Rp 1.5 trillion (US$150 million) offer from an investor who is interested in establishing a sugarcane factory, but the investor withdrew the plan due to such obstacles.

"We hope the central government could improve its investment policy as investment is needed in our regency to absorb workers and drive the economy," he said.

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