Investment

President Jokowi: Permits for Investment Still Complicated

President Joko “Jokowi” Widodo stated that every time he met with heads of state and foreign investors abroad, including when he visited Saudi Arabia, they expressed their great desires to invest in Indonesia.

The President expressed his gratitude toward the current Indonesia’s rank in the Ease of Doing Business (EoDB) which has skyrocketed from 120 to 72. It is a big leap for the country in the EoDB.

According to the President, State-Owned Enterprises (BUMN) in other countries and private investors from abroad have shown strong desires to invest in Indonesia, but the investment permit application process is still complicated.

“Complicated procedures mean it takes a long time, and investors have to pay high costs. This issue becomes their concern,” President Jokowi said during the Opening of the XXIII Congress of the Indonesian Notary Association (INI), at Bogor Presidential Palace, West Java, Tuesday (23/4).

On this occasion, the President added that the management of investment license process in the country is slow because there are too many regulations. (DND/DID/JAY/ES)

Translated by: Syarifah Aisyah
Edited by: Rany Anjany/Mia Medyana

Source: setkab.go.id

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