Sign up | Log in



Home  >>   Daily News  >>   Indonesia >> Investment >>  Govt hopes to seduce Chinese investors
NEW UPDATES Asean Affairs  30 September 2015  

Govt hopes to seduce Chinese investors

The government is set to cut corporate income tax from 25 percent to 18 percent, as well as provide a tax amnesty, as part of a raft of incentives to draw in more investors, according to a senior minister.

“We have decided. We are going to announce it [...] next week,” Coordinating Political, Legal and Security Affairs Minister Luhut Binsar Pandjaitan said at the opening of the 13th World Chinese Entrepreneurs Convention (WCEC) at Bali Nusa Dua Convention Centre on Saturday

Incentives were needed, Luhut said, to attract more investors to help boost national economic growth over the next five years.

“The government of Indonesia offers plenty of opportunities to foreign companies to invest in Indonesia,” Luhut said in front of around 3,000 Chinese business players from 30 countries.

Held every two years, the convention unites the global Chinese business elite. This year, the event’s theme is “Uniting Chinese Entrepreneurs, Accomplishing Mutual Success in Indonesia”.

Luhut, representing President Joko “Jokowi” Widodo as he opened the convention, used his speech to invite Chinese entrepreneurs to invest in the government’s development programs.

Indonesia’s drive to transform its economy from reliance on commodities to a focus on manufacturing was a golden opportunity for investors, he said.

“The transformation is very important. Before, we relied on commodities. Today, we rely on added value. Added value and manufacturing. This is, I think, an opportunity for all of you to invest in Indonesia,” the minister said.

Luhut also highlighted the government’s program to boost downstream industries, and invited attendees to invest in infrastructure projects encompassing toll roads, seaports, airports, electricity and many more.

Citing an example, Luhut pointed to the construction of toll roads from West Java to East Java, with completion expected in 2018. Meanwhile, the government will also develop 2,700 kilometers of toll roads in Sumatra over eight years.

“We would be delighted if you can participate in these projects,” he said.

Investors were also invited to participate in the government’s project for the construction of power plants producing 35,000 megawatts.

“I would also like to invite you to participate in this project, especially in areas outside of Java,” he said, adding that the Indonesian economy remained fairly strong despite the global economic turmoil.

The government has estimated it will need US$545 billion for its infrastructure projects for the next five years.

“So we need around US$120 billion from foreign direct investment. You will play a very important role if you can help provide US$120 billion for the next five years,” Luhut said.

Former president and Indonesian Democratic Party of Struggle (PDI-P) chair Megawati Soekarnoputri, who also attended the convention, said that she had strived to strengthen the relationship between China and Indonesia when she was in power.

“Indonesia welcomes anyone wanting to invest in the republic. The Indonesian archipelago is vast, and we cannot build the country alone,” Megawati said.

WCEC chair Kiki Barki, meanwhile, said that the time was ripe for investment in Indonesia. “Now is the best moment, a golden moment, to invest in Indonesia, as all commodities are cheap nowadays,” said Kiki, who also chairs the Association of Chinese-Indonesian Businesspeople.

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                           September 30 , 2015 Subsribe Now !
• Aviation body breathes easier as audit delayed Subcribe: Asean Affairs Global Magazine
• Govt hopes to seduce Chinese investors
• Increasing numbers of industrial parks draw foreign investment
Research Reports
on Thailand 2007-2008

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

• PW Power Systems mulls assembly facilities in Indonesia
• Brunei CPI up 0.4% in August
Asean Analysis                   September 24, 2015
• Asean Analysis September 24, 2015
Advertise Your Brand

Asean Stock Watch  September  29,   2015
• Asean Stock Watch-September 29, 2015
The Biweekly Update
• The Biweekly Update September 18, 2015

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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand