Local firms invited to invest in Indonesia
LOCAL companies are urged to invest in Indonesia in a bid to boost investment cooperation between Brunei and Indonesia.
Indonesian Ambassador to Brunei Darussalam, Herijanto Soeprapto, told the local business community during the Jakarta Business Forum, yesterday that "the experience of Indonesia and many other developing countries, shows that without new investment, significant national economic growth is extremely difficult to achieve".
He pointed out that investment cooperation between Brunei and Indonesia in previous years indicates minimal increase for Indonesia, while Brunei's export steadily climbs.
According to Herijanto, Brunei's exports to Indonesia steadily increased from about US$1.2 billion in 2005 to US$1.8 billion in 2007, while Indonesia's export to Brunei only grew from US$33.8 million to US$60.9 million in the same period.
Moreover, since 1993, Brunei's investment in Indonesia, in particular the Hotel Nusa Dua Bali, has amounted to US$130 million, while Indonesia's investment in Brunei is in the mineral water company, totalling to US$10 million.
"The only way to attract investment, foreign and domestic, is to create an atmosphere of stability and certainty within a country," he said.
He added that besides creating atmosphere, another vital component in investment is the presence of laws and a body providing facilitation and guide for investors generating a positive investment.
Indonesia, Herijanto said, has created a more conducive investment environment by reforming and simplifying the investment's law and regulation, both in national and regional level and creating, "one roof investment service".
The one-day forum, the first in Brunei, centred on waste, tourism, property and public services. About 100 local businesses attended the forum, which took place at the Rizqun International Hotel yesterday.
The forum was designed to promote investment opportunities in Indonesia and to encourage the business community of Brunei to invest in Indonesia, particularly in Jakarta.
Additionally the forum hoped to attract and encourage businessmen and the government of the two countries to boost investment cooperation, primarily in infrastructure, property and tourism.
Ir Hasan Basri Saleh, head of the Jakarta Investment Board, related general information on Indonesia and the business and opportunities in investment there. He said that encouraging statistics and largely untapped potential of Jakarta will promise hefty returns for those who invest in many of its exciting industries and businesses.
The companies involved in the presentations during the forum were PT Pembangunan Jaya Ancol, an integrated tourism area in the DKI Jakarta province, which aspires to be the biggest integrated tourism area in Southeast Asia, and PT Kawasan Berikat Nusantara (KBN), whose core business is in managing integrated industrial zones. (SHS1)
Indonesian Ambassador to Brunei Darussalam, Herijanto Soeprapto, told the local business community during the Jakarta Business Forum, yesterday that "the experience of Indonesia and many other developing countries, shows that without new investment, significant national economic growth is extremely difficult to achieve".
He pointed out that investment cooperation between Brunei and Indonesia in previous years indicates minimal increase for Indonesia, while Brunei's export steadily climbs.
According to Herijanto, Brunei's exports to Indonesia steadily increased from about US$1.2 billion in 2005 to US$1.8 billion in 2007, while Indonesia's export to Brunei only grew from US$33.8 million to US$60.9 million in the same period.
Moreover, since 1993, Brunei's investment in Indonesia, in particular the Hotel Nusa Dua Bali, has amounted to US$130 million, while Indonesia's investment in Brunei is in the mineral water company, totalling to US$10 million.
"The only way to attract investment, foreign and domestic, is to create an atmosphere of stability and certainty within a country," he said.
He added that besides creating atmosphere, another vital component in investment is the presence of laws and a body providing facilitation and guide for investors generating a positive investment.
Indonesia, Herijanto said, has created a more conducive investment environment by reforming and simplifying the investment's law and regulation, both in national and regional level and creating, "one roof investment service".
The one-day forum, the first in Brunei, centred on waste, tourism, property and public services. About 100 local businesses attended the forum, which took place at the Rizqun International Hotel yesterday.
The forum was designed to promote investment opportunities in Indonesia and to encourage the business community of Brunei to invest in Indonesia, particularly in Jakarta.
Additionally the forum hoped to attract and encourage businessmen and the government of the two countries to boost investment cooperation, primarily in infrastructure, property and tourism.
Ir Hasan Basri Saleh, head of the Jakarta Investment Board, related general information on Indonesia and the business and opportunities in investment there. He said that encouraging statistics and largely untapped potential of Jakarta will promise hefty returns for those who invest in many of its exciting industries and businesses.
The companies involved in the presentations during the forum were PT Pembangunan Jaya Ancol, an integrated tourism area in the DKI Jakarta province, which aspires to be the biggest integrated tourism area in Southeast Asia, and PT Kawasan Berikat Nusantara (KBN), whose core business is in managing integrated industrial zones. (SHS1)