REPUBLIKA.CO.ID, JAKARTA - Government will improve investment climate in Indonesia to provide more jobs. Investment regulation is being revised to attract more private sectors.

"We must issue fiscal incentive and business license as soon as we can," Coordinating Minister of Economy, Hatta Rajasa, said on Wednesday.

With such improvement, hopefully more private sectors will invest in Indonesia and provide more jobs for Indonesians. Rajasa said that government was identifying potential projects which open big opportunities to absorb big number of workers. "We are monitoring every project," he said.

According to Central Statistics Agency (BPS), the number of unemployment in August 2012 is 7.2 billion people with open unemployment rate (TPT) in around 6.14 percent. The graduates dominate TPT in the amount of 12.12 percent, consist of 6.21 percent of diploma and 5.91 percent of university graduate.

Rajasa said the problems could be overcome by encouraging downstream sector to grow as most of the graduates work in the sector.

Minister of Public Housing Djan Faridz said the development of property industry gave multiplier effect to job opportunity. He explained that a billion IDR of investment could absorb 105 jobseekers per year.

President Susilo Bambang Yudhoyono urged the concept to be drafted in December. President expects the project to absorb 700,000 to a million jobseekers.

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