Ininvex '99 eyes 30,000 visitors
Ininvex '99 eyes 30,000 visitors
JAKARTA (JP): A major exhibition promoting investment in
Indonesia to be held in Singapore next month is expected to draw
some 30,000 visitors, including 6,000 prospective foreign
investors and buyers, the organizers said on Wednesday.
The International Indonesian Investment Exhibition '99
(Ininvex '99) at the Raffles City Convention Center in Singapore
on Dec. 12-15 is aimed at reversing the decline in foreign
investment in the last two years.
Andi M. Djabir, president of event organizer PT Appronusa,
said around 40 participants - private and state companies as well
as provincial administrations -- have registered to take part in
the four-day exhibition.
State enterprises which have confirmed their participation
include telecommunication company PT Indosat, fertilizer company
PT Pupuk Kaltim and surveyor company PT Sucofindo, Andi said.
He expected there would be at least 70 participants by the
time the exhibition began next month.
The amount of foreign investment in Indonesia continued to
decline this year, in sharp contrast to most other main economic
indicators which have shown some improvement.
The value of foreign investment approved by the Investment
Coordinating Board (BKPM) in the first half of 1999 reached 1.88
billion, representing a 77 percent plunge over the past year.
BKPM, which processes all non-oil and non-bank investment
projects, approved $13.6 billion worth of investments in 1998,
down from $33.83 billion in 1997, the year the crisis began.
Andi said Singapore had been chosen to host the event partly
to address the concerns of prospective investors worried about
social unrest in Indonesia.
Ininvex '99 will highlight investment opportunities in a
number of state companies which are in the process of being
privatized.
The exhibition will open with a seminar on Indonesia's
economic situation, featuring State Minister of Investment and
State Enterprises Laksamana Sukardi as its keynote speaker.
Other symposiums will review Indonesia's foreign investment
policy, the government's economic stabilization program and the
political and security situation in Indonesia. (03)