Govt wants RI`s investment rating to rise to 75th place

Jakarta (Antara News) - The Indonesian government intends to do its best to have the country`s investment rating rise to 75th from the present 135th place among the 175 countries usually surveyed by the International Finance Corporation, a minister said.

"We want to rank 75th next year," Administrative Reform Minister Taufiq Effendi said after attending a meeting on "doing business in Indonesia" at the vice presidential office here Wednesday.

He said the government had formed a team to monitor all activities aimed at raising the country`s investment rating.

The team would soon monitor investment services in the country`s major cities such as Jakarta, Surabaya and Medan, he said.

"The main task of the team is monitoring services to those wishing to invest in Indonesia," he said.

Vice President Jusuf Kalla who chaired the meeting gave the team two months to monitor investment services and one month to solve various problems in the field.

Capital Investment Coordination Board (BKPM) Chief M. Lutfi said on Tuesday investment in Indonesia hit a 40-year record high of Rp125.94 trillion (US$13.99 billion) in the first nine months of 2007.

The figure represented a 169.02 percent rise compared to last year when it was Rp74.51 trillion (US$8.28 billion), he said.

Investment in 2007 consisted of foreign investment worth Rp91.8 trillion (US$10.20 billion) and domestic investment worth Rp31.14 trillion (US$3.79 billion), he said.

Foreign investment jumped 170 percent from last year when it was Rp53.73 trillion (US$5.97 billion), while domestic investment climbed 164.29 percent from Rp20.78 trillion (US$2.30 billion) last year, he said. (*)
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