Jakarta – Vice President Boediono reprimanded stakeholders, and especially the Remuneration Council, that they should not consider decreasing wages in a bid to increase investment.

"Don't follow the paradigm that low wages will attract investment, that's not it. I don't approve," Boediono said when opening the Council's Consolidation Forum on Thursday.

He said there were many ways to attract investment without decreasing wages, such as improving infrastructure and the business climate as well as speeding up the business permit process.

Manpower and Transmigration Minister Muhaimin Iskandar said that the minimum wage in Indonesia still used a safety net standard. "There are minimum wages that are below decent. We keep raising the bar so that businessmen do not use the standard but must pay above it," he said.