Thu, 04 Jun 2009
Batam (ANTARA News) - The Investment Coordinating Board (BKPM) in April approved 11 foreign investment proposals worth US$6.55 million in Batam island, an official said.

The agency also approved two expansion projects worth US$4.95 million under a foreign investment scheme in that month, Chief of the Marketing and Public Relations Bureau at the Batam Management Body Rustam H Hutapea said on Wednesday.

Also in April, the agency received a domestic investment proposal worth Rp15 billion in Batam, he said.

In the January-April 2009 period the agency approved 29 foreign investment projects worth US$23.20 million and six foreign expansion projects worth US$11.21 million, he said.

The foreign investments came among others from Singapore, the United Kingdom, Australia, Malaysia, India, Luxemburg, Taiwan, Japan, China, the Netherlands, South Korea and British Virgin Island, he said.

The foreign investors were enganged among others in ship building industry, wood palette industry, construction component industry, electrical panel industry, technical service industry and distribution chain, he said.

To date, 1,079 foreign companies with a total investnment of US$5.20 billion and 163 domestic companies with a total investment of Rp3.128 trillion are operating in Batam, employing an estimated 294,000 workers. (*)



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