Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   Investment  >>   Mitsubishi to invest $20billion in Indonesia
NEWS UPDATES Asean Affairs        3  March 2011

Mitsubishi to invest $20billion in Indonesia

Related Stories

February 28, 2011
Indonesia invests $80 billion in manufacturing

February 25, 2011
France to increase Indonesia investments

February 23, 2011
Lotte to build petrochemical project in Indonesia

Japan’s Mitsubishi Corp. is committed to expanding its business in Indonesia and will back up that commitment with capital, the Investment Coordinating Board chief said on Wednesday.

Gita Wirjawan, who heads the board, also known as the BKPM, said Mitsubishi would invest in projects in sectors ranging from automotives and energy to infrastructure.

“The total investment plan in the next five to 10 years ... is around $18 billion to $20 billion. It is not small at all,” Gita said after meeting Mitsubishi president and chief executive Ken Kobayashi and President Susilo Bambang Yudhoyono at the president’s office in Jakarta.

He also said Mitsubishi’s plan illustrated the continued strong interest in this country from foreign investors. Last month, South Korean, French and Indian investors all announced their intent to pour more money into the country.

Among the projects the Japanese firm plans to invest in is the Donggi Senoro liquefied natural gas plant in Sulawesi. It was reported on January 24 that Mitsubishi would take a 45 percent stake in the $2.8 billion joint venture.

It will also participate in a $4.6 billion nickel smelter project in Halmahera, North Maluku, along with Weda Bay Nickel, a unit of French mining and metallurgical group Eramet, and Indonesian nickel miner Aneka Tambang.

Mitsubishi will invest in a railway project for Soekarno-Hatta International Airport and the Metropolitan Priority Area project, which involves building infrastructure such as access roads and power plants in urban areas. It will also expand its existing automotive business in Indonesia.

Mitsubishi also plans to boost car sales to around two million units within four to five years, Gita said.

The company is already involved in the country’s petroleum, shipping, fertilizer and industrial machinery sectors.

“Indonesia has been courting Asian investors to increase their business here,” said Jongkie Sugiarto, president director of Hyundai and vice chairman of the Indonesian Automotive Industries Association (Gaikindo).

Toyota also announced its intention to invest last month. It plans to produce low-cost cars through its Daihatsu unit, Reuters reported.

It will invest 20 billion yen ($244 million) to build a factory, which is scheduled to begin operations in 2013, and produce 50,000 cars in its first year.

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




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

Today's  Stories    3  March 2011 Subsribe Now !
• India-Asean trade to grow 40 percent
Subcribe: Asean Affairs Global Magazine
• Asean agrees on rice reserves Asean Affairs Premium
• Mitsubishi to invest $20billion in Indonesia
• Nissan tie-up could help Proton
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines central bank hints interest rate hike
• Thai government to divest private holdings
• Government minister scrutinized for AIS move
• Soft drink war fizzles
Asean Analysis    3   March 2011 Advertise Your Brand
• Merry-go-round on the Mekong Sponsor Our Events
Asean Stock Watch    2  March 2011
• ASEAN Markets to Fall
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

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?

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

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand