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NEWS UPDATES Asean Affairs  March 22, 2018  

Indonesia looks abroad to lure investment

The government is courting foreign investors in a bid to lure investment to fuel its infrastructure development program, given the state budget's limited capability to fund President Joko “Jokowi” Widodo’s ambitious infrastructure projects.

National Development Planning Minister Bambang Brodjonegoro, who recently embarked on a roadshow to the United Kingdom, Australia and Ireland to pitch for investment in infrastructure facilities, said many investors were interested in investing in Indonesia, but those who had never invested in Indonesia were taking their time to assess risk in the country.

“There is interest [from investors] but most have never invested in Indonesia, so they need time to assess the project’s pipeline as well as investment schemes,” he said in Jakarta on Wednesday.

From the trip, Bambang targeted up to US$3 billion in investment commitment, Bloomberg reports.

 “Now we are following up [with the investors] so that they understand the risks and potential in Indonesia,” he added.

He said the projects he offered to investors were toll roads, power plants, airports and seaports, which are suited for private investment.

The government is seeking to attract private investors as it pledges to build numerous infrastructure facilities worth Rp 4.7 quadrillion ($341.59 billion) until 2019, of which only up to 40 percent will be funded by the state budget and the rest will rely on investment from state-owned enterprises as well as the private sector.

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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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