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NEWS UPDATES Asean Affairs    July 18, 2017  

RI business forum in Taipei aims to spur investment, trade

The government, through the Indonesian Economic and Trade Office (KDEI), has held a business forum in Taipei to encourage Taiwanese businesspeople to increase trade and investment in Indonesia.

The July 13 event, organized by KDEI Taipei in cooperation with Indonesia’s Investment Coordinating Board (BKPM) and CTBC Bank, aimed to showcase Indonesia’s progress in improving the business climate.

“Transparency is the spirit that we promote in our economic policy, especially in the investment policy. This in line with the New Southbound Policy that has become Taiwan’s primary foreign policy,” KDEI head Robert J Bintaryo said on Saturday, as quoted by news agency Antara.

BKPM deputy head Azhar Lubis said 60 percent of the total investment in Indonesia in the first quarter of 2017 was foreign capital investment, amounting to US$7.3 billion. “Asian countries including Taiwan dominated the total foreign investment,” he said.

In the past five years, the trade value between Indonesia and Taiwan declined by 13.62 percent. Over the same period, Indonesian exports of non-oil and gas products dropped by 9.81 percent.

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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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