Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Indonesia News  >>   Investment  >>   Australians urged to invest in Indonesia
NEWS UPDATES Asean Affairs     5 October  2011                    

Australians urged to invest in Indonesia

Related Stories

 September 21, 2011
Malaysian company invests in Indo terminal

September 16, 2011
 Foreign investors show interest in Indo airport

August 25, 2011
Indonesia should receive more capital

August 16,2011
Tax holiday for high-value Indonesian investors

Australian investors have been urged to plow their funds into Indonesia’s rapidly growing resources and energy sector.

An investment seminar on Tuesday, organized by Australia-based bank ANZ, gave Indonesian companies an opportunity to sell themselves to potential investors.

Joseph Abraham, the president director of ANZ’s Indonesian unit, ANZ Panin, said the large commodity sector in both countries meant there were opportunities for shared expertise and capital.

“Indonesia is a natural magnet for foreign direct investment. Now we have to make sure that we maintain that,” Abraham said.

He said that with Indonesia’s strong economic fundamentals, as well as new government regulations in the works that will require the processing of raw materials prior to export, “Indonesia is a ready field for more investment.’’

Indonesian companies — including state gold and nickel producer Aneka Tambang, state gas firm Perusahaan Gas Negara and its state electricity counterpart Perusahaan Listrik Negara — were present at the seminar promoting greater investment in the archipelago.

Speaking after the forum, Antam chief financial officer Djaja Tambunan said that once the 2014 ban on raw commodity shipments came into effect, foreigners could no longer buy nickel ore.

“One way to ensure continuity in the supply of the commodity is to invest,” he said.

Antam plans to build ferronickel plans in Maluku and North Maluku, as well as a nickel pig iron plant in Maluku. It needs $1 billion to finance its expansion this year, Djaja said.

He said the company was in search of a partner for an alumina smelter in Maluku and had received offers from companies in Australia, China, Japan, South Korea and Europe.

The company said late last month that it would sell $150 million of bonds in November.

PGN director Wahid Sutopo said that a precondition of foreign investment in the company was that the Indonesian government — which will likely remain the controlling shareholder — needed to ensure a stable supply of natural gas from producers including ConocoPhillips, Pertamina and Medco.

Wahid said he was communicating his concerns on the issue to government.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code



 
Today's  Stories    5  October  2011 Subsribe Now !
• Climate change hits Cambodia Subcribe: Asean Affairs Global Magazine
• Australians urged to invest in Indonesia Asean Affairs Premium

• Christians under siege in Indonesia

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Money needed to restore flood damage
• Malaysians’ budget desires
• Philippines credit gets reviewed
• Thailand faces rights enquiries
• Thai government opposes SET privatisation  pp

Asean Analysis                 5  October  2011

Advertise Your Brand
• Is dam rejection a milestone for Myanmar? Sponsor Our Events

Asean Stock Watch      October  2011

 
• Asean Stock Watch-October 5 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com