ID :
11216
Tue, 07/01/2008 - 11:13
Auther :
Shortlink :
http://m.oananews.org//node/11216
The shortlink copeid
RI, S'PORE CONDUCTING JOINT PROMOTION IN JAPAN
Tokyo, July 1 (ANTARA) - Indonesia and Singapore conducted a joint promotion activity before about 200 Japanese businessmen at a seminar held here on Monday to attract Japanese investors.
The joint promotion was held by Indonesia's Trade Minister Mari Elka Pangestu and her Singaporean counterpart Trade and Industry Minister Lim Hng Kian at Tokyo's Imperial Hotel.
The head of Indonesia's Capital Investment Coordinating Board (BKPM) M Lutfi, Riau Islands Governor Ismet Abdullah and Secretary General of Japan-ASEAN Center, Nautoshi Akao, also attended the event.
Mari Pangestu was promoting free trade zones (FTZ) in Batam, Bintan and Kairmun (BBK) islands. These areas are designed to function as a center for international trade and investment in Indonesia.
Indonesia with its BBK zones and Singapore could complement each other so that they could also strengthen cooperation within ASEAN.
"A number of new policies have been made such as a new investment law, tax reforms and investment protection. They will be implemented consistently as you can see in the establishment of the BBK free trade zones," the minister said.
Singapore Trade and Industry Lim Hng Kiang said the BBK could complement the business and investment activities in Singapore. In a wider perspective, the existence of the BBK would strengthen the bargaining position of ASEAN towards Japan.
In the meantime, BKPM chief M Lutfi briefed the audience about Indonesia's economic indicators and investment opportunities and facilities being offered by the BBK.
He said domestic investment reached US$3.87 billion in 2007 or an increase by 67.8 percent from that a year earlier.
Foreign investments were recorded at US$10.34 billion or an increase by 73 percent. The total investments stood at US$14.21 billion.
From 1990 to 2007, Japan was the biggest investor country in Indonesia, followed by Singapore, Britain, the United States and South Korea.
The joint promotion was held by Indonesia's Trade Minister Mari Elka Pangestu and her Singaporean counterpart Trade and Industry Minister Lim Hng Kian at Tokyo's Imperial Hotel.
The head of Indonesia's Capital Investment Coordinating Board (BKPM) M Lutfi, Riau Islands Governor Ismet Abdullah and Secretary General of Japan-ASEAN Center, Nautoshi Akao, also attended the event.
Mari Pangestu was promoting free trade zones (FTZ) in Batam, Bintan and Kairmun (BBK) islands. These areas are designed to function as a center for international trade and investment in Indonesia.
Indonesia with its BBK zones and Singapore could complement each other so that they could also strengthen cooperation within ASEAN.
"A number of new policies have been made such as a new investment law, tax reforms and investment protection. They will be implemented consistently as you can see in the establishment of the BBK free trade zones," the minister said.
Singapore Trade and Industry Lim Hng Kiang said the BBK could complement the business and investment activities in Singapore. In a wider perspective, the existence of the BBK would strengthen the bargaining position of ASEAN towards Japan.
In the meantime, BKPM chief M Lutfi briefed the audience about Indonesia's economic indicators and investment opportunities and facilities being offered by the BBK.
He said domestic investment reached US$3.87 billion in 2007 or an increase by 67.8 percent from that a year earlier.
Foreign investments were recorded at US$10.34 billion or an increase by 73 percent. The total investments stood at US$14.21 billion.
From 1990 to 2007, Japan was the biggest investor country in Indonesia, followed by Singapore, Britain, the United States and South Korea.
