Tue, 22 Aug 2006
Indonesia to compete for FDI to create employment


Kuala Lumpur (ANTARA News) - Indonesia with its 200 million population will compete for foreign direct investments (FDI) even with other Asean member countries as it views job creation as its top priority.

Indonesian Investment Coordinating Board chairman Muhammad Lufti said his country will compete for the FDI with any countries, including others in the 10-member grouping.

"(But) we would like to see a common platform on how we can distribute this opportunity together," he told Bernama News on Monday.

Asean Secretary-General Ong Keng Yong was reported as saying yesterday that Indonesia would need more than the US$6 billion FDI received on average by other countries in the region.

Muhammad who was part of the Asean Investment Area (AIA) Council delegation which concluded its meeting yesterday, said Asean needs a map of investments.

"To show uniformity among Asean countries, to show how big our union, our market is, we have to have a common platform on how the numbers are to be distributed," he said.

Meanwhile, Indonesia`s Minister of Trade, Dr Mari Elka Pangestu is attending the 38th Asean Economic Ministers (AEM) meeting which is officially opened Tuesday.

When asked of any new proposals by Indonesia, she said the republic was moving along with the proposals put up at the meeting. (*)



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