Thu, 12 Oct 2006
Indonesia optimistic Taiwanese investment to increase

Jakarta (ANTARA News) - Indonesia intensified its luring Taiwanese investors to come to Indonesia, because their number has been decreasing since they preferred operating in China.

"Taiwan has been one of the the big five investors in Indonesia in the 1990s but its investment had dropped in value," Muhammad Lutfi, head of the Investment Coordinating Board (BKPM) said after attending the celebration of the 95th Double Tenth Day held by the representative of the Taipei Economic and Trade Office here on Tuesday night.

Lutfi said Taiwanese investment had dropped drastically from US$3.5 billion in 1997 to US$130 million in 2006. But, its value increased to US$230 million in Feb 2006, up by 88 pct.

He expressed optimism that Taiwanese investsment would increase in the future and the board had projected the value at US$2 billion in 2007.

BKPM launched an integrated promotion in Taipei last week to attract investors and providing incentives.

David Y.L. Lin, head of TETO, hoped the promotion would increase economic cooperation between Taiwan and Indonesia.

He said it would take some time to attract investors to Indonesia.

"But I am optimistic Taiwan investors will come to Indonesia and my office in collaboration with BKPM will facilitate them," Lin added. (*)



News Search/Filter
Transaction Rates
17 Aug 17
Buy
Sell
BTC1
40,349,968
40,349,968
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services