Basically, investors are looking for stability and continuity. Hence, the investor community has responded favorably to the results of the elections that were held, and frankly, various investors have shown interest and put forth several queries.Jakarta (ANTARA) - Head of the Investment Coordinating Agency Thomas Trikasih Lembong pointed out that the rise in investment interest reflected the investors' positive response to the General Elections' results.
"In essence, investors are looking for stability and continuity. Hence, the investor community has responded favorably to the results of the elections that were held, and frankly, various investors have shown interest and put forth several queries," Lembong revealed here on Tuesday.
The agency's head remarked that prospective investors were proactive and aggressive in seeking and probing new ideas and policies issued by the government to foster a conducive investment climate in Indonesia.
In this case, Indonesia will boost the existing fiscal incentives to support and attract investment from within and outside the country, including through tax holidays, tax allowances, and super deductible tax forecast to be published soon.
"These weeks and months are the time for President Joko Widodo's economic team to focus on brainstorming and coming up with new ideas and breakthroughs that can drive significant improvements, though, of course, always staying in tune with the reality in the market," he stated.
Lembong added that the Electronic Single Submission System (OSS) will be refined within six months.
"Hence, I admit that in the early days, the OSS was riddled with issues. Nonetheless, such sweeping changes of national scale will certainly take time. However, Alhamdulillah (Allah/God be praised), with the additional budget from the Ministry of Finance and the president's attention, I dare to forecast that within six months, the OSS would be stable," he noted.
EDITED BY INE
Translator: Sella Panduarsa Gareta/Bambang
Editor: Fardah Assegaf
Copyright © ANTARA 2019
