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#35054 - 29 Oct 06 23:02 ANT/SBY promises to eliminate investment obstacles
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
President Yudhoyono promises to eliminate investment obstacles

Shanghai, China (Antara News) - Visiting Indonesian President Susilo Bambang Yudhoyono said he would eliminate major obstacles in every sector in Indonesia to ensure the entry of foreign investment into the country.

"I reitrate that I will do my best to eliminate the major obstacles in every important sector," he said when opening the Indonesia-China Energy Forum (ICEF) II in Shanghai, China, on Saturday.

The president made the remarks in comment on the existing interest of Chinese investors not only in the energy but also in the mining and mineral sectors.

"We are endowed with huge mineral and other resources. I hope Chinese companies will invest in these sectors," the president said.

In the governmnt`s efforts to create legal certainty, Susilo said he had asked all governors in the country to conduct coordination, cooperation and better understanding not only in their own jurisdictions but also with the other provinces and correlate their moves with the national policies.

The head of state also explained that Indonesia had changed the way in which it was managing its oil and gas sector with the objective of having a modern and competitive oil and gas industry.

The president said, Indonesia was providing opportunities for investment in its oil and gas sector at the upstream and downstream levels by cutting the operational costs, so as to make it more atractive to domestic and foreign energy companies.

"We also need major investment to finance measures to improve and expand the infrastructure sector," he said.

In addition, Yudhoyono said Indonesia had also a new power policy by creating similarity for all investors through investment scheme for competitive power market, risk distribution inter investors, improvement of the regional government regulation, consumers and people protection.

"We also promote the new policy on coal to step up production so as to meet the increasing domestic demand and control its sustainability and improve its competitiveness in the international market," he said, adding that for Indonesia and China energy had become the key to success in development, to prosperity and stability.

"The prosperity of our people, the health of our economy and our political stability depend on the trust of sustainability and the aviability of energy resources," he said.

Meanwhile, Chinese Senior Deputy Prime Minister Huang Zu in his address said the strategic partnership between China and Indonesia which was agreed on last year should be stepped up in a bid to turn out good results for the two countries.

Regarding the cooperation in the field of energy, it was expected that ICEF II would bring about better results compared with ICEF I which was held in Bali in 2002.

"ICEF I which was conducted four years ago has turned out positive results and the present ICEF II is also expected to bring about better results in energy cooperation," Huang Zu said, hoping that through this forum not only Chinese investors would come to Indonesia but Indonesian investors would also come to China.

President Susilo Bambang Yudhoyono on the occasion was accompanied by Energy and Mineral Resources Minister Purnomo Yusgiantoro, State Enterprises Minister Sugiarto, Head of the Investment Coordinating Agency Muhammad Lutfi and Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) MS Hidayat.

During his five-day stay in China, President Yudhoyono and his entourage would also visit the tourist city of Guilin and Nanning to attend the China-Asean Relations Commemorative Summit and meet Chinese Prime Minister Wen Jiabao.(*)
_________________________ Indonesian Business and Investment News Aggregator

#35056 - 29 Oct 06 23:06 Re: ANT/SBY promises to eliminate investment obstacles [Re: KuKuKaChu]
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
same old, same old ...
KuKuKaChu: dangerously too sophisticated


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