RI Must Improve its Competitiveness, Hatta Says

JAKARTA: Coordinating Minister for Economic Affairs Hatta Rajasa said that Indonesia needs to improve its competitiveness to tap foreign investment.

According to him, there is a huge amount of money in some countries ready to flow into prospective markets. At a meeting with Bank Indonesia recently, he said, US has US$600 billion fund seeking opportunities in investment destination countries.

"If we have accomodating investment climate, it may flow into our country. There is no need to be panic with the foreign inflow as long as we can direct it to best investment," he stated in Cikeas, Bogor, yesterday.

Hatta saw opportunity to direct it to long-term investment, including infrastructure bond to be released by the government.

"We can issue it but now it is still in discussion. We want it [foreign inflow] not to target government bond only," he added.

By                    : Hatta Rajasa

Source              : Bisnis Indonesia

Translated        : Using google Translater facilities