Taiwan will boost RI investment

Taiwan will boost RI investment

JAKARTA (JP): Taiwan plans to increase its overall
investments in Indonesia by US$3.2 billion to $10 billion next
year, says the head of Taiwan's trade representative office here,
Alexander S. Chen.

Official figures show that Taiwan's investments in Indonesia
within the first eleven months of this year reached $2.48
billion.

Data from the Investment Coordination Board (BKPM) also show
that the cumulative amount of Taiwan's investments in Indonesia
since 1967 reached $6.83 billion as of the end of November,
making it Indonesia's seventh biggest foreign investor.

Chen said that Taiwan hopes to take advantage of the various
opportunities it has to do businesses in Indonesia.

"Next year promises a bright prospect for Taiwan to raise
investments into Indonesia," he said on Thursday as quoted by
Antara.

"All the deregulatory policies that the Indonesian
government introduced this year will take full effect next year,"
he added.

Indonesia this year significantly deregulated its investment
policies. This was evidenced by Government Regulation No. 20/1994
introduced in June, which allows 100 percent foreign ownership,
eases requirements on divestment and allows foreign investors to
build and operate infrastructure facilities.

BKPM announced earlier this month that foreign investments
approved by the government increased by 194 percent to a record
high of $23.7 billion this year and that foreign investment
realization in 1995 will be even higher.

Chen also said that Taiwan, like in the previous period,
will prioritize investments in the medium and small scale
industries, especially those for the manufacturing of components.

"This is because our own economy is founded on the medium
and small scale industries," he said. (hdj)