Investment Obstructions Eliminated at Special Economic Zones
Tuesday, 05 September, 2006 | 16:49 WIB

Tempo Interactive, Jakarta: The Indonesian and Singaporean governments agreed to eliminate investment obstructions at Special Economic Zones (SEZs) of Batam, Bintan and Karimun. This step is a measured plan by the working committee of the two countries.

The plan comprises efforts at nine main sectors: development of the capacity of development, customs & excises, immigration, infrastructure development, investment, industrial relations, employee taxes, training and certification.

The measures which are targeted to be completed in the next 18 months are aimed at cutting processes, simplifying documentation, facilitating business trips, improving industrial relations and overcoming bureaucratic obstructions.

“This is in line with the program proclaimed by President Susilo Bambang Yudhoyono to create a faster, better and cheaper investment climate at SEZ,” as quoted from the press conference, Tuesday (5/9) in Jakarta.

In addition, both countries agree to promote investment at SEZ of Batam, Bintan and Karimun which will take place from October 30 to November 2, 2006 in Singapore. The promotion entitled “Global Entrepolis @ Singapore 2006” will be attended by around 15,000 participants from 60 countries.

RR Ariyani
_________________________ Indonesian Business and Investment News Aggregator