Investors Studying Political Condition after Election

Bandung, W Java (Antara) - Investors are studying the political condition after the July 9 presidential election before they embark on big projects in the country, a business leader said. Chairman of the West Java chapter of the Indonesian Chamber of Commerce and Industry (Kadin) Johny Andela said conducive condition after the election would give a boost to investment in the country including West Java. "Foreign investors are still waiting but indications show they are confident that investment in the country would be safe," Johny said here on Wednesday. Investors are awaiting announcement of the final result of the election although the Election Commission already named Jakarta Governor Joko Widodo president elect. Losing candidate Prabowo Subianto refused to acknowledge defeat accusing KPU of being unfair and filing a lawsuit with the Constitutional Court, hoping to overturn the KPU decision. Johny said a number of foreign investors are ready to invest in the country such as in infrastructure and manufacturing sectors that would create new jobs. "Investors from China and Japan , for example, already invested heavily in the country . They are enthusiastic about the prospects of investment in the country," he said. Johny said the new government, whoever is the president, should be able to create a more favorable investment climate. He said he hoped the new government could create a clean and effective bureaucracy to encourage investment. He said the arrest of Karawang and Bogor regents by the Corruption Eradication Commission should serve a lesson . The two regents were nabbed on charge of corruption and extortion over investment licenses. (*)