TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Darmin Nasution said there will be no revision to the negative investments list (DNI) anytime soon, despite this year's small growth of private investments. The government, he said, is focusing on efforts to simplify the complicated process of investment licensing.

"The DNI will have to wait," he told Tempo on Friday.

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According to Darmin, there is no need to revise the list now as the problems lay in existing investment channels. Actual investments only grew only 3.1 percent from the first quarter of 2017 and Darmin did not deny that there are indications of a slowdown in the real sector.

Darmin said the government is committed to continuing its efforts to simplify the process of getting investment permits. A new deregulation package, said the former Bank Governor Indonesia, will be out in two weeks.

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President Joko Widodo asked his ministers to prioritize licensing permit, saying that there are businesses that have to wait years to get their operating license. Widodo also asked regional governments to synergize with central licensing.

According to the President, the whole world is faced with a very tight competition to bring in foreign capitals. The exports commodities are no longer reliable because of recent downtrends.

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