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FOREIGN DIRECT INVESTMENT

Don’t scare investors away, Jokowi tells ministers

Monday, 24 July 2017 | The Jakarta Post

JAKARTA. President Joko "Jokowi" Widodo has criticism government ministers for issuing ministerial regulations that are not in line with the government's deregulation program to improve the ease of doing business in the country.

The President said some regulations made doing business in the country even more complicated.

"What we need to do is improve ease of doing business in this country. Ministerial regulations should always refer to the objective. They should not scare investors away," Jokowi said during a Cabinet meeting at the State Palace in Jakarta on Monday.

He said unfriendly regulations, for example, had been issued by the environment and forestry minister and the energy and mineral resources minister in the past two months.

The President did not pinpoint which regulations were not friendly to investors, but said the business community had not responded positively to the regulations issued by the ministers.  

He called on the ministers to help create a better business climate in the country because the easier it was to open a business, the higher economic growth would be.

Jokowi aims to have the country ranked 40th on World Bank's Ease of Doing Business Index by 2019 from the 91st position in 2016. (bbn)

Reporter: The Jakarta Post
Editor: Dessy Rosalina
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