British PM Arrival Brings Good Business Climate: Entrepreneur

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  • TEMPO.CO, Jakarta - Chairman Emirsyah Satar thinks that the visit by British Prime Minister David Cameron to Indonesia will create a comfortable business climate for entrepreneurs.

    He is certain that the arrival of British officials and entrepreneurs will give a positive signal to invest in Indonesia.

    “Listening to his opening speech, Indonesia has 250 million people, 16th in world economy, and could be 7th in 2030.  So its pretty much committed and very positive,” Emirsyah said in Shangri La Hotel on Tuesday, Jul 28.

    In his speech, British PM James Cameron states his interest to cooperate in all sectors, including banking, insurance, infrastructure, education and energy.

    Emirsyah said that the National Development Planning Minister / Bappenas Chief Andrinof Chaniago had mentioned Indonesia requires US$ 450 billion for infrastructure development.  From that amount, the government requires funding from private sectors because the national budget only funds 25 percent.

    Vice President Jusuf Kalla said that UK is included as Indonesia’s largest trading partner in Europe.  The British government and entrepreneurs are interested to cooperate in the energy, finance, infrastrucutre and trade sector in Indonesia.

    The meeting has yet talked about investments to be made in Indonesia, Kalla says.  However, the cooperation between UK and Indonesia is fairly diversified to several sectors, like in Astra International, which is currently owned by Great Britain.

    Kalla admit the demand for regulatory reform and a reduce in import tax, during the meeting with entrepreneurs.