|
| Tuesday, 24 March 2015, 09:00 HKT/SGT | |
| |
|
|
|
TOKYO & JAKARTA, Mar 24, 2015 - (ACN Newswire) - Indonesia and Japan have agreed to cooperate to increase investment and promotion among the two countries.
The agreement was part of a memorandum of understanding signed by Head of Indonesia's Investment Coordinating Board (BKPM), Franky Sibarani, and Chairman and CEO of Japan's External Trade Organization (Jetro) Hiroyuki Ishige at Hotel Imperial, here on Monday.
"There are two things we expect from Jetro: promotion and quality of Japanese investment in Indonesia," Sibarani affirmed after the signing ceremony.
He noted that Indonesia was also optimistic that Jetro can serve as a bridge for increasing the quality of investment and inviting new investors to Indonesia.
He hoped that Jetro's investment in Indonesia could be increased in terms of quality.
"Japan has, so far, been known for its investment in the automotive and electronic sectors only, while the potential of its companies in other areas was huge and could be diverted to Indonesia, while at the same time, we also have huge resource potentials," he claimed.
He also pointed out that among other areas, some Japanese companies focusing on the maritime sector have expressed interest to invest in fish canning and shipbuilding in Indonesia.
Franky highlighted the importance of extension and improvement of the quality of investment from Japan as it is one of the biggest investors after the Netherlands and Britain.
"Some have also expressed interest in the field of agriculture, including the production of sorbitol and animal husbandry," he noted.
He affirmed that its move to encourage more investment in other sectors did not mean that Indonesia would pay lesser attention to the investment cooperation, which has been developed so far, but would even boost it, while referring to the investment cooperation in the automotive sector.
He stated that Indonesia will continue to invite automotive component manufacturers to come to Indonesia.
"So far, we have imported several types of automotive components, and this has eroded our foreign exchange reserves, and so, if only these imported components could be manufactured here, it would be very good because component industries are an important pillar of the automotive industry," he claimed.
He hoped that the cooperation with Jetro to increase the total Japanese investment in Indonesia this year will reach up to US$5.4 billion.
In the ASEAN region, Indonesia is ranked third after Singapore and Thailand as a destination for Japanese investment.
Franky noted that the total realization of Japanese investment in Indonesia from January to October 2014 reached US$3.7 billion, and the trend was rising significantly, marked by an increase in the total Japanese investment during the period between November 2014 and February 2015 to reach US$1.5 billion. -Antara.
Topic: Press release summary
Sectors: Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Chinese Culinary Culture Training Programme: 30 Hong Kong Students Embarked on a Study Tour in Chaoshan 
Aug 8, 2025 20:25 HKT/SGT
|
|
|
From Food Culture to Future Living: Shiology Makes Splash at HK Book Fair
Aug 8, 2025 20:18 HKT/SGT
|
|
|
Graid Technology Announces Global Availability of SupremeRAID(TM) HE (HPC Edition), Wins Best of Show at FMS 2025
Aug 8, 2025 20:06 HKT/SGT
|
|
|
U.S. Polo Assn. Named No. 1 Sports Licensor and Top 25 on License Global' Prestigious 'Top Global Licensors' List
Aug 8, 2025 20:04 HKT/SGT
|
|
|
International Land Alliance Brings Baja to Buyers with Live Zoom Webinar Experience
Aug 8, 2025 18:50 HKT/SGT
|
|
|
Intellifusion Submits an Application to List on the Hong Kong Stock Exchange: A National Breakthrough in AI Inference Chips
Aug 8, 2025 18:36 HKT/SGT
|
|
|
Everest Medicines Announces Full Approval of NEFECON(R) in Taiwan
Aug 8, 2025 18:09 HKT/SGT
|
|
|
WRC 2025: Shoucheng Showcases Full Robotics Value Chain
Aug 8, 2025 16:46 HKT/SGT
|
|
|
Qube Celebrates 20 Years of Business Events Impact with Industry Recognition and Vision for the Future
Aug 8, 2025 15:19 HKT/SGT
|
|
|
Natural Beauty 2025 Interim Profit Surges by 136% to HK$11 Million
Aug 8, 2025 13:26 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
