RI is Canada's major investment destination<\/p>\n
SEMARANG (JP): Canadian direct investments in Indonesia have
\nexceeded US$9 billion this year, making Indonesia its largest
\ninvestment destination in Southeast Asia, according to the
\nCanadian ambassador Kenneth Sunquist.<\/p>\n
The ambassador said that most of the investments were in the
\nmining and the energy sector through ventures such as Inco's
\nnickel mine in Sulawesi, and energy companies such as Gulf,
\nTalisman, Equatorial and Husky.<\/p>\n
He added that his country had also invested in financial
\nservices through Manulife.<\/p>\n
"We also have over 50 companies investing their capital in
\nmany business areas, including shoe manufacturing, engineering
\nand environmental services, electricity generation and oil field
\nproducts manufacturing," Sunquist said in an address he delivered
\nat a conference held in Semarang.<\/p>\n
The conference, co-sponsored by the Canadian Embassy and the
\nCentral Java chapter of the Indonesian Chamber of Commerce,
\ndiscussed business prospects in the province.<\/p>\n
The ambassador said that Canada's exports to Indonesia, which
\nshowed a 30 percent increase last year, were expected to further
\nincrease this year.<\/p>\n
Canada mainly exports wheat, pulp and paper, chemicals, and
\ntelecommunications products to Indonesia, while Indonesia exports
\nelectronics products, textiles and clothing, rubber, coffee, wood
\nproducts and furniture.<\/p>\n
The trade volume between two countries reached about $800
\nmillion last year, he added. (05\/har)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-is-canadas-major-investment-destination-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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