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Economic Index

Pretty, but Not Friendly

Tuesday, February 6, 2007

Indonesias rating on the Index of Economic Freedom has improved. Indications are now much more open, although still considered unfriendly for investors.

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AFTER putting it off for a month, President Susilo Bambang Yudhoyono eventually delivered his end of year speech at the State Palace in Jakarta. For some two and a half hours, the President appealed for greater reductions in terms of investment bureaucracy. Officials who delay investment must stand down, said the President sternly late Wednesday afternoon last week.

Indonesia has for a long time always received bad marks as far as licensing is con

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