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Home  >>   Daily News  >>Indonesia>>Investment>>Investment from China grows by 92.79 percent: Board
NEWS UPDATES Asean Affairs    July 28, 2017  









Investment from China grows by 92.79 percent: Board

The Investment Coordinating Board (BKPM) has recorded that investment from China grew by 92.79 percent year-on-year (yoy) to US$1.96 billion in the first half of 2017.

Both the quantity and quality of Chinese investments has increased, said BKPM chairman Thomas Lembong on Wednesday, adding that in addition to their main investments in smelters and infrastructure, the Chinese investors had also started to invest in tourism.

He also stressed that investment from the country was not affected by anti-Chinese sentiment promulgated by certain groups of people.

"So far there has been no significant impact from the anti-Chinese sentiment. Along with investment in the smelter and infrastructure sectors, they are also entering labor intensive sectors like tourism," Thomas said during a press conference in Jakarta on Wednesday.

(Read also: Indonesia offers investment opportunities to China)

With an investment value of $1.96 billion in the first half, China was Indonesia's third biggest foreign direct investor, behind Singapore with $3.66 billion and Japan with $2.85 billion. If combined with investment from Hong Kong, China’s total investment reached $2.79 billion.

"The participation of the government in the Belt and Road Forum in Beijing last May was very useful to boost Chinese investment in the future," Lembong said.

Reports on social media have claimed there has been a large influx of Chinese laborers into the country. However, National Intelligence Agency (BIN) chief Ins. Gen. Budi Gunawan has stressed the reports are false. He said the rumors were spread by irresponsible people.


Indonesia offers investment opportunities to China

Fri, June 16, 2017

Maritime Coordinating Minister Luhut Binsar Pandjaitan has offered investment opportunities in infrastructure projects to China during his visit to the country.

Luhut, who is scheduled to visit the country from June 15 to 17, met with Chinese Political and Legal Affairs Commission Secretary Meng Jianzhu on Thursday.

During his meeting with Meng, Luhut mentioned several projects, including an integrated infrastructure project in North Sumatra, new harbor and nuclear industry construction in North Kalimantan and integrated tourism projects in North Sulawesi and Bali.

Read also: Indonesia offers Bali railway project to China

Luhut also conveyed a message from President Joko ‘Jokowi’ Widodo to Chinese President Xi Jinping through Meng in the hope that cooperation between both countries could be materialized soon.

Similar issues were also discussed when Luhut met with China Communications Construction Company Ltd. (CCCC) president director Liu Qitao and the Chinese Development Bank (CDB) chairman Hu Huaibang.

Luhut said both companies were interested in investing in Indonesia and they promised to send their teams to Indonesia, to follow up the offers.



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ASEAN  ANALYSIS

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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