Tuesday, September 22, 2009

Tycoon Bakrie has plan for presidency

       Indonesian tycoon Aburizal Bakrie, who wants to run for president in 2014, believes that better infrastructure is more likely to attract foreign investors to Southeast Asia's biggest economy than fighting corruption.
       Mr Bakrie, who is chief social minister in President Susilo Bambang Yudhoyono's government, is a member of the Golkar Party, the political machine which dominated parliament for decades under former president Suharto but which has lost much of its support in Indonesia's post-Suharto democracy.
       Mr Bakrie, whose family controls coalminer Bumi Resources, plantations,property, and telecoms firms, is regarded as a holdover from the Suharto era. He is an opponent of Sri Mulyani Indrawati,the finance minister, who has promoted reform and the fight against graft.
       Mr Bakrie also owns infrastructure businesses such as toll roads.
       "What they [investors] want is infrastructure," followed by less red tape and more transparency," he said.
       "During the Suharto era, total investment per year was much more than now, and at that time the corruption was a lot compared to now, yet they [foreigners] invested."
       Foreign investors often cite corruption,bureaucracy, an unpredictable legal system and poor infrastructure as deterrents to investment, and many have welcomed progress so far in tackling graft.
       Mr Bakrie said he expects to win next month's contest for the leadership of Golkar, defeating rivals Surya Paloh, a media magnate from Aceh, and Tommy Suharto, ex-president Suharto's wealthy youngest son who spent time in prison for ordering the murder of a judge.
       But he does not want to be in the next cabinet or join Mr Yudhoyono's coalition for the next five-year term.
       Golkar, which typically won 70-80%of the votes during president Suharto's rule, only got about 14% in the parliamentary elections in April. Mr Yudhoyono's Democrat Party will form the new government next month.

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