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NEWS UPDATES Asean Affairs   18  March  2016  

Indonesia aims to attract more Australian real estate investment

Indonesia aims to lure more real estate investment from neighboring country Australia by stepping up promotion and intensifying communications with Australian businesspeople.

According to Investment Coordinating Board (BKPM) data, four Australian companies have proposed  total investment of US$13 million into real estate in West Nusa Tenggara, a growing tourist destination next to Bali.

“Real estate is Australia’s largest investment in the world but its share in Indonesia is only 1 percent [of its global value],” said BKPM deputy chief on investment promotion Himawan Hariyoga in Jakarta on Wednesday.

The government, he continued, would encourage Australian investors to invest more in Indonesia’s real estate due to its strategic position as a neighboring country listed as Indonesia’s 12th largest investor.

Past political tensions between the two countries may be the reason for Australia’s meager investment in Indonesia, Himawan said.

Australian investment realization in Indonesia reached $168 million in 2015, mostly in the mining and husbandry sectors. Later, according to Himawan, it would aim for broader industries such as fishery, logistics and tourism.

Australia is among Indonesia's investment promotion focuses together with Japan, South Korea, Singapore, China and Taiwan, which is expected to help Indonesia achieve its Rp 3.5 quadrillion investment target realization in 2019.

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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






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