Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Investment >>French apparel-maker to invest in RI
NEWS UPDATES Asean Affairs   15  March  2016  

French apparel-maker to invest in RI

Indonesia:A French company specializing in sports apparel is planning to invest US$500 million in Indonesia, underlining growing interest from European businesses to invest in the country.

Investment Coordinating Board (BKPM) chairman Franky Sibarani said the Lille-based company, the name of which was not disclosed, had conveyed its interest through BKPM’s representative in London.

Franky added the French company would cooperate with local companies to build a sports research and development center, an integrated department store as well as an import-export system in Indonesia.

“Not only will the company market its products domestically, it will also export to other department stores overseas,” Franky said in an official statement on Friday.

France is seen by BKPM as one of the top prospects from where to source more investment. The latest plan would see a huge increase from that country, which last year contributed only Rp 123 billion to foreign investment.

Other EU countries — which are particularly interested in investing in minerals, infrastructure and manufacturing – also displayed growing interest this past year. According to BKPM data, investment commitments from Europe totaled Rp 37.3 trillion in 2015, up 16 percent from 2014’s Rp 32.2 trillion. The biggest commitment was from the UK with Rp 9.19 trillion — up 338 percent from 2014.

Based on this trend, Franky expressed hope for solid growth. “We will gradually increase investment from Europe in five years.”

He said his office would maintain communication with the investors to ensure the proposed projects would be realized.

“Our representative in London and marketing officers all over Europe will directly communicate all the facilities [the investors] would get when investing in Indonesia,” Franky said.

Meanwhile, BKPM’s investment promotion representative in London, Nurul Ichwan, said the French investor was a big name in sports, with 1,030 department stores worldwide. “It expects to operate its first department stores in Malaysia and Indonesia this year,” he said.

In October 2015, the BKPM launched a three-hour licensing service for certain investors planning to open businesses in a bid to attract large-scale investment. The service, which is part of the government’s second economic policy package, will allow prospective investors with a minimum investment of Rp 100 billion (US$7.33 million) and/or a plan to employ more than 1,000 workers to have their preliminary permits processed at the BKPM’s one-stop integrated service (PTSP) within three hours.

Recently, the BKPM has set itself a target to attract more investors from Europe, primarily from major countries like the UK, Germany, Netherlands, France, Spain and Switzerland.

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

Comment on this Article. Send them to

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
submit your comment in the box below

Today's  Stories                           March 15, 2016 Subsribe Now !
• Deputy minister urges wider use of IT in business, state offices Subcribe: Asean Affairs Global Magazine

• French apparel-maker to invest in RI 
• EDC sets P14-B 2016 capex
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Market sees large IPOs in March
State budget may be used in massive port project
Asean Analysis                   March 4, 2016
• Asean Analysis March 4, 2016
Aung San Suu Kyi Is Key to Further Unlocking of U.S. Sanctions against Myanmar
Advertise Your Brand

Asean Stock Watch  March 14, 2016
• Asean Stock Watch-March 14, 2016
The Biweekly Update
• The Biweekly Update March 4, 2016

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


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






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

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