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Jakarta Post

Yudhoyono launches second attempt at five-year economic plan

  • The Jakarta Post

  /   Mon, October 26 2009   /  11:20 am

Susilo Bambang Yudhoyono’s new administration, backed by the Indonesian Chamber of Commerce and Industry (Kadin), is working on an economic road map for the next five years, which will be unveiled at the National Summit later this week.The work will begin by defining failures and challenges left by the previous government, which have held Indonesia back from reaching its economic potential.The economic roadmap is expected to determine which regulations and incentives are needed by the government and businesses to accelerate growth in the real sector, said Chris Kanter, Kadin’s vice chairman on investment, after a meeting with economic ministers over the weekend.Chris said Kadin was adamant about the need for the government to make progress in solving problems related to land acquisition, which had severely delayed and undermined the development of essential infrastructure projects.A ...