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IMPROVING INDONESIA’S INVESTMENT CLIMATE A PRIORITY – PRESIDENT WIDODO. Oxford Business Group to launch 2015 economic report


Jakarta,  April 2015.  A multi-pronged drive to improve Indonesia’s investment climate is gathering pace, with some of the initiatives, including a one-stop service office, already up and running, President Joko “Jokowi” Widodo said.

President Widodo told the global publishing, research and consultancy firm Oxford Business Group (OBG) that tackling problems such as delays in the processing of business permits and licences would help win over the international investment community.

“We are working hard to fix the issues that have traditionally kept investments away, and we want to convey the message that we are doing everything we can to improve the investment climate in the country,” he said. “Our ultimate goal is to develop an open, transparent and fast investment permit process.”

The interview with President Widodo will appear in The Report: Indonesia 2015, OBG’s forthcoming guide to the country’s economic activity and investment opportunities. The Report: Indonesia 2015 will also contain interviews with Vice President of Indonesia Jusuf Kalla, Finance Minister Bambang Brodjonegoro, and Governor of Jakarta Basuki Tjahaja Purnama (Ahok).

President Widodo highlighted the government’s plans to boost power generation, which he said was vital, both for attracting investors and driving forward local initiatives, such as the Revolusi Mental programme. New power generation should reach 11,000 MW in 2015, he said, climbing to a targeted 35,000 MW by 2019.

In the wide-ranging interview, the president acknowledged that implementing the Revolusi Mental programme required “greater investment in industry and technology, as well as strong manufacturing capabilities and the kind of human capital that comes from proper training at vocational and polytechnic schools”. The government is looking to the initiative to generate a change in mindset amongst Indonesians which, in time, will pave the way for the country to expand productivity, especially in the processing of raw materials.

IT, he added had a key role to play across the economy, from integrating the ministries, which will improve the transparency of the national budget, to supporting the younger generations in developing “a strong creative economy”.

The Report: Indonesia 2015 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.  It will be available in print and online.

About Oxford Business Group

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America and the Caribbean Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms. The Report: Indonesia 2015 has been produced with the assistance of PwC, Lubis, Santosa & Maramis, and BritCham.

The critically acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.

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