Eastern Indonesia in need for investment

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Eastern Indonesia (pictured: river in Sulawesi) is in dire need for adequate infrastructure to boost its economy

While central Indonesia is currently benefiting from an influx of domestic and foreign direct investment, Eastern Indonesia is in urgent need for the same, said Agus Eko Nugroho, an economist from the Indonesian Institute for Sciences (LIPI).

Quoted by Indonesian magazine Tempo Interactive, Nugroho said that the availability of infrastructure facilities such as export ports was urgent. Investments in eastern Indonesia, mainly based on natural resources, such as mining, smelting, and farms, have a huge market in Java, he added.

Nugroho is supporting the Indonesian government’s plan to provide tax holiday as incentives for investors in eastern Indonesia. He also said that the government must ensure land provision in the region, including a clear business rule, licensing efficiency, and infrastructure readiness such as electricity.

The country’s Coordinating Minister for Economic Affairs, Hatta Rajasa, has agreed to provide tax facilities for investors in Sulawesi, Papua and East Nusa Tenggara,

This year, the value of investment outside the mining sector in the region has reached 380 trillion rupiah ($39.3 billion). Next year, the target is set at 439 trillion rupiah ($45.4 billion). To encourage investment in Central Sulawesi, Rajasa added that the ministry has agreed to increase the status Palu Industrial Estate into a Special Economic Zone.

 

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Reading Time: 1 minute

Eastern Indonesia (pictured: river in Sulawesi) is in dire need for adequate infrastructure to boost its economy

While central Indonesia is currently benefiting from an influx of domestic and foreign direct investment, Eastern Indonesia is in urgent need for the same, said Agus Eko Nugroho, an economist from the Indonesian Institute for Sciences (LIPI).

Reading Time: 1 minute

Eastern Indonesia (pictured: river in Sulawesi) is in dire need for adequate infrastructure to boost its economy

While central Indonesia is currently benefiting from an influx of domestic and foreign direct investment, Eastern Indonesia is in urgent need for the same, said Agus Eko Nugroho, an economist from the Indonesian Institute for Sciences (LIPI).

Quoted by Indonesian magazine Tempo Interactive, Nugroho said that the availability of infrastructure facilities such as export ports was urgent. Investments in eastern Indonesia, mainly based on natural resources, such as mining, smelting, and farms, have a huge market in Java, he added.

Nugroho is supporting the Indonesian government’s plan to provide tax holiday as incentives for investors in eastern Indonesia. He also said that the government must ensure land provision in the region, including a clear business rule, licensing efficiency, and infrastructure readiness such as electricity.

The country’s Coordinating Minister for Economic Affairs, Hatta Rajasa, has agreed to provide tax facilities for investors in Sulawesi, Papua and East Nusa Tenggara,

This year, the value of investment outside the mining sector in the region has reached 380 trillion rupiah ($39.3 billion). Next year, the target is set at 439 trillion rupiah ($45.4 billion). To encourage investment in Central Sulawesi, Rajasa added that the ministry has agreed to increase the status Palu Industrial Estate into a Special Economic Zone.

 

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