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Conference : Infestation’s Chance and Barrier for Foreign Capital Cultivation

The Regional Economic Development Institute (REDI) is an economic research institute in Surabaya incorporated within the District Office of Bali and supported by European Union Commission Delegation held a Conference “Infestation’s Chance and Barrier for Foreign Capital Cultivation; Renovation Agenda in East Java, Bali, South Sulawesi and North Sulawesi,” Thursday (27/1) at the Sanur Beach Hotel.
Bali Governor Dewa Baratha in his greeting read by his 3rd Assistant said, the execution of this conference is strategic, because this is a communication forum between bureaucracy, entrepreneurs and other stakeholders in improving the infestation climate in Indonesia.
Meanwhile the Director of BKPM (Badan Kordinasi Penanaman Modal – Capital Cultivation Coordination Institute) Theo F. Toemion represented by the 1st Deputy Service Section of BKPM, Netta Perangin Angin said, the national problem recently is how to create a working field as much as possible and to improve sustainable economic growth, and the improvement of society’s welfare. These problems can only be solved if the infestation’s performance is well improved.
Indra N. Fauzi, Program Director of REDI said, the infestation barrier factors for foreign investors in East Java, Bali, South Sulawesi and North Sulawesi are Infrastructure, Company Permission, Tax, Employment, Political, Law, Security and Macroeconomics development. For these factors, REDI released recommendations within the conference. The first, road and electricity infrastructure development should be oriented to fulfill business needs. The second is one stop service appliance for all kinds of permission that are needed for any company activities, starting with the pilot project that involved a few institutions which relates to company permission and available city/regency administration. The third is moderation of tax in order to facilitate the company in counting the tax and preventing the perception divergence with the tax office about the tax rule. Systems should available to minimize the meeting between the tax office and they who pay the tax and optimizing the front desk function in the tax office as the tax consulting center. (BTN/para)

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