Sun, 07 Mar 2010

Jakarta (ANTARA News) - Twenty-two Singaporean investors have expressed readiness to invest up to Rp1 trillion in Indonesia this year, the Indonesian Chamber of Commerce and Industry (Kadin) said.

"The Singaporean investors mostly want to invest in the small- and medium-scale manufacturing business sectors," the chairman of the chamber`s Singapore committee, Iwan Dermawan Hanafi said on the sidelines of a business meeting with the Singapore Manufacturers` Federation (SMF) here Friday.

They were interested in investing in 10 sectors, including chemical, oil and gas, machinery and mechanical appliance and cold storage industries, he said.

Some of them wanted to invest directly while others would establish joint ventures with local counterparts, he said.

He said most of the Singaporean investors had never invested in Indonesia before.(*)