The plan is related to the visit of 22 Singaporean delegations.
VIVAnews – The Singaporean government may likely invest more in Indonesia as a result of the visit of 22 Singaporean delegations led by Low Sin Leng.
The Singaporean entrepreneurs mostly run businesses in mining, oil and gas, logistic, transportation, and property sector.
Head of the Singapore Committee at the Indonesian Chamber of Commerce (Kadin) Iwan Darmawan Hanafi explained that the delegationsâ€™ visit may add to Singaporeâ€™s investment in Indonesia up to three to five percent.
â€śThe delegations will focus on Balikpapan of East Kalimantan, and Surabaya of East Java in their visit,â€ť said Hanafi in Jakarta on Tuesday, Oct. 27.
Kalimantan is seen as having the potentials concerning oil and gas investment, while the Singaporean investors aim Surabaya as the port linking them to the eastern part of Indonesia.
Deputy head of Investment Promotion at the Capital Investment Coordinating Agency (BKPM) Darmawan Djajusman said Indonesia still attracts foreign investors. â€śSingapore is the second investor. We offer the infrastructure investment to the Singaporean investors,â€ť he added.
Djajusman claimed the investment climate in Indonesia is deemed still positive by the investors worlwide.