Jakarta. President Prabowo Subianto has promised a favourable climate to attract Asia-Pacific investors to Indonesia.
He organized a summit, a plan to create more of the so-called special economic zones (SEZs).
Prabowo spoke before the region’s C-level executives at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Lima on Thursday local time.
Prabowo’s first order of business at the conference was to convince the region’s businessmen that Indonesia is an investment destination they do not want to miss.
The ex-army general unveiled his plans to establish more SEZs or areas in the country that the government designates as new economic growth centers. Anyone who opens factories in the SEZs may get special treatment ranging from corporate income tax deductions to easier permits.
Jakartaglobe
