|By ACN Newswire||
|October 15, 2013 11:53 PM EDT||
BKPM to revise 2014 investment target. The Investment Coordinating Board (BKPM) says there will be revision of Indonesia's investment target for the year 2014. BKPM head Mahendra Siregar said that the revision might take place due to the continually declining global economic condition. The BKPM is targeting Rp 390 trillion of investment at end of 2013 and Rp 506 trillion for 2014.
Indonesian companies secured $32.8 billion of financing and investment from Chinese firms on October 3, 2013, during a state visit by President Xi Jinping last October 3, 2013. Xi, in his first visit as president to southeast Asia's biggest country, became the first foreign leader to address Indonesian lawmakers in parliament. He said China hoped trade with the 10-member Association of Southeast Asian Nations (ASEAN) would reach $1 trillion by 2020, from $320 billion in 2012, according to ASEAN's website.
Negotiated by companies including Indonesian state-owned firms and privately held Sinar Mas Group, deals included a $1.8 billion loan to PT OKI Pulp & Paper Mills - an affiliate of Sinar Mas - to build a mill in Sumatra, and funding for five Boeing 777-300 ER planes for PT Garuda Indonesia.
Several Chinese companies also pledged to invest in Indonesia, including Hangzou Jinjian Group Co. Ltd, which plans to spend $600 million on a bauxite-processing complex there, according to the government official.
Investment mostly comes from large developed countries such as the US and China. Despite slowing growth and an uncertain election season coming up in Indonesia, major U.S. companies are planning substantially to intensify their investment in Southeast Asia's largest economy.
A study of 35 of the largest U.S. investors in Indonesia, including Freeport-McMoRan, General Motors, GM, Cargill, Coca-Cola and Chevron, shows plans representing combined investment there of about $61 billion over the next three to five years, compared with $65 billion spread over the past nine years.
Christov said, "This forum will be attended by approximately 50 Indonesia corporations and 50 Global Investors. There will be Public Expose of Indonesia State-Owned Enterprises, Indonesia Districts and Cities. It will be very comprehensive for the first time."
Primus Dorimulu, Chief Editor of Investor Daily said, "To continue the succes of Indonesia Investment Forum in Singapore in May 2013, PowerPR | Christovita Wiloto & Partners and Investor Daily now present Indonesia Investment Forum in Hong Kong."
Christov said, "The main purpose of Indonesia Investment Forum is to make Indonesia as a world leading country, by creating a better understanding of business in Indonesia, which will create interest to invest in Indonesia as well as increase the number of investors who will make investment in Indonesia."
Primus said, "PowerPR and Investor Daily began organizing Indonesia Investment Forum in Singapore, on May 2013. The forum will discuss various investment opportunities in Indonesia and will open the dialogue between Indonesian government, Indonesian corporations as the investment target and Global Investors. This forum will be attended by private corporations, Indonesia State-Owned Enterprises, Indonesia Districts / Cities, Global Investors and various global business communities."
For more information on participation, sponsor, one on one, investment, media, etc please contact firstname.lastname@example.org please visit http://www.indonesiainvestmentforum.com
PowerPR | Christovita Wiloto
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