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NEWS UPDATES Asean Affairs     March 23, 2017  

Indonesia eyes Rp 863t investment

The Investment Coordinating Board (BKPM) hopes to attract Rp 863 trillion (US$64.6 billion) in foreign direct investment (FDI) in 2018, a 27 percent increase from the 2017 goal of Rp 678.8 trillion amid the global race to be the most attractive investment destination in the world.

“Don’t be discouraged by the target. This should make us work even harder to realize it,” said Azhar Lubis, BKPM deputy for investment monitoring and implementation, during a meeting with regional investment agency leaders from eastern Indonesia on Tuesday.

The proactive steps by regional investment agencies, including those in Area IV of eastern Indonesia, are needed, he added.

For this year alone, the board has set a target of reaping more than Rp 119.3 trillion for the area, a similar amount to that earned last year.

Area IV includes provinces like Bali, East Nusa Tenggara, West Nusa Tenggara, Maluku, North Maluku, Papua and West Papua.

The leaders should make sure that locals benefit from the investment, including by empowering them to farm enough food to sustain industrial workers, Azhar emphasized.

“Agencies in regions can channel food locally. Don’t ask firms [only] to guide the locals to plant vegetables or for eggs production or even worse, to import from Java or other countries,” he added.

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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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