RI to hold expo in Singapore

RI to hold expo in Singapore

JAKARTA (JP): An exhibition organizing company is planning a
major investment promotion expo involving Indonesian state and
private companies in Singapore in September.

Appronusa president Andi Djabir said on Wednesday that 160
companies are expected to take part in the Indonesian Investment
Exhibition '99 at The Westin Stamford & Westin Plaza from Sept. 6
to 9.

"The exhibition is not intended as a product-selling show, but
is to introduce Indonesian companies seeking foreign partners to
help finance projects," Andi told reporters.

Achmad Kurniadi, head of promotion and international
cooperation of the Investment Coordinating Board (BKPM), said the
government supported the Appronusa initiative in organizing the
expo.

Guests at the exhibition are selected companies from the
United States, Japan, Singapore and Europe that are individually
invited, according to Appronusa.

Foreign direct investment approved by BKPM fell by 60.7
percent to US$13.3 billion in 1998, according to official
figures. (02)