ID :
170570
Thu, 03/24/2011 - 14:23
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Shortlink :
http://m.oananews.org//node/170570
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Thai BOI to expand Thai-Indonesian investments to more industries
BANGKOK, March 24 (TNA) - According to its Secretary-General, Atchaka Sibunruanghe, the Board of Investment of Thailand (BOI) plans to expand Thai-Indonesian investments to cover more industries.
Atchaka said the BOI and the Export Promotion Department organised a seminar on the promotion of trade and investment between the two countries in Jakarta, Indonesia, which drew in about 150 Thai and Indonesian businessmen and gave them a chance to meet and increase bilateral trade and investment.
Atchaka said that BOI intended to promote bilateral investments in both directions. She considers Indonesia to be outstanding for its natural resources and large market and says that companies would be able to use the country as their base to manufacture products for export to the United States and the European Union. Indonesia is an important automobile production base of China and India and thus has a large demand for automotive parts.
According to the BOI chief, Thailand is the 14th biggest investor in Indonesia, investing over 2 billion US dollars between 1976 and 2010, primarily into paper production, printing, mining, agriculture, and rubber and plastic production. Direct investments from Indonesia to Thailand are, however, still limited. Between 2009 and 2010, four investment projects worth 1,343 million baht received promotional privileges, all in hotel and trade-supporting businesses.
Ahmad Kurniadi, deputy chairman of the Indonesia Investment Coordinating Board, said the cultures, lifestyles and cuisines of the 2 countries offered chances for both countries to expand their investment cooperation. Thailand is outstanding for its economic strength, he added, explaining that its well-established industries include automotives, agricultural, and food and tourism, while Indonesia is famous for its plentiful natural resources. These, he says, should significantly attract investors. (TNA)
Atchaka said the BOI and the Export Promotion Department organised a seminar on the promotion of trade and investment between the two countries in Jakarta, Indonesia, which drew in about 150 Thai and Indonesian businessmen and gave them a chance to meet and increase bilateral trade and investment.
Atchaka said that BOI intended to promote bilateral investments in both directions. She considers Indonesia to be outstanding for its natural resources and large market and says that companies would be able to use the country as their base to manufacture products for export to the United States and the European Union. Indonesia is an important automobile production base of China and India and thus has a large demand for automotive parts.
According to the BOI chief, Thailand is the 14th biggest investor in Indonesia, investing over 2 billion US dollars between 1976 and 2010, primarily into paper production, printing, mining, agriculture, and rubber and plastic production. Direct investments from Indonesia to Thailand are, however, still limited. Between 2009 and 2010, four investment projects worth 1,343 million baht received promotional privileges, all in hotel and trade-supporting businesses.
Ahmad Kurniadi, deputy chairman of the Indonesia Investment Coordinating Board, said the cultures, lifestyles and cuisines of the 2 countries offered chances for both countries to expand their investment cooperation. Thailand is outstanding for its economic strength, he added, explaining that its well-established industries include automotives, agricultural, and food and tourism, while Indonesia is famous for its plentiful natural resources. These, he says, should significantly attract investors. (TNA)
