President confident investment climate in Indonesia will ameliorate

Jakarta (Antara News) - President Susilo Bambang Yudhoyono was confident that the investment climate in Indonesia would ameliorate as the government has worked hard to improve its services to foreign investors who wished to sink their capital in the country.

The head of state made the remark in his welcome speech at a function launching a book entitled The Report: Emerging Indonesia 2007, here Wednesday.

Despite various constraints like in infrastructure development, the president was optimistic that the government would be able to overcome the obstacles and develop the country`s economy.

He cited as an example that regional/provincial administration regulations which did not conform with the central government`s policies have been corrected and improved.

On the occasion, the head of state reiterated the government`s commitment to provide investors with tax incentives and other facilities as well as simplifying the bureaucracy.

The president also said the government continued carrying out its programs of corruption eradication, law enforcement, rehabilitation of several areas recently hit by natural disasters, and efforts to maintain national stability in Aceh and Papua provinces.

According to him, the government has also taken measures in increasing the international community`s confidence in the improved situation in Indonesia.

Also on hand at the function were Coordinating Minister for Economy Boediono, Research and Technology Minister Kusmayanto Kadiman, Culture and Tourism Minister Jero Wacik and Head of the National Investment Coordinating Agency Muhammad Lutfi.

The book entitled The Report: Emerging Indonesia 2007, contains economic reports, which may serve as manual for businesspeople, investors and economic agents in Indonesia.

The book also contains statements of competent sources including President Yudhoyono, Finance Minister Sri Mulyani Indrawati, Asian Development Bank President Haruhiko Kuroda and Director of the US Trade Representative Office for Southeast Asia and the Pacific David Katz. (*)
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