Minister to bring about bureaucratic improvements in investment sector

Jakarta (Antara News) - Minister for State Administrative Reforms Taufiq Effendi said that his office would improve the performance of the Capital Investment Coordinating Board (BKPM) in order to attract more foreign investors into Indonesia.

"Priority will be given to improving public services in the investment sector. I will improve the bureaucracy of BKPM and take a serious action," the minister said after opening a discussion between officials of the BPKM and the State Audit Board (BPK) here on Thursday.

He said that he had been ordered by Vice President Jusuf Kalla to carry out bureaucratic improvement at BKPM, particularly with regard to investment services, so that it would not take a long time to provide services.

"Our target is to improve our services and to shorten the length of time for the services," he added.

He said the investment performance in Indonesia over the past few years had not been as good as that in the previous years.

The minister said that in the past Japan was ranked fourth on the list of biggest investors in Indonesia, but its rank has dropped to the ninth.

"This means that we should carry out improvements immediately," he added.

Trade Minister Marie E Pangestu said recently that foreign investment in Indonesia would recover this year.

She was commenting on the decline in Japanese and Chinese investment in Indonesia.

Marie said the decline in Japanese and Chinese investment recorded by the Capital Investment Coordinating Board (BKPM) from January to November this year was no general picture of the investment situation in Indonesia.

Japanese investment in Indonesia in the period declined by 61.13 percent to US$430.2 million from US$1.106 billion in the previous period.
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