Batam sets target for foreign direct investment for 2014

30 January, 2014 | Source: Antara News

The Management Body of Batam Free Port and Trade Zone (BP Batam) said new foreign investment target in Batam is set at USS350 million for 2014.

"We are convinced the target would be achieved based on the trend in 2012 and 2013," BP Batam spokesman Dwi Djoko Wiwoho said here on Sunday.

Dwi Djoko said despite political heat ahead of legislative and presidential elections in 2014, he was still optimistic that the target, which is the same as in 2013, would be achieved.

The main foreign investors in Batam are expected to come from Singapore, Malaysia, South Korea, China, Taiwan and Japan.

The foreign investors are interested in doing business mainly in electronic manufacturing, shipbuilding industry and oil and gas mining supporting industry, he said.

Service and trade sectors have also drawn growing number of investors to Batam in 2012 and 2013, he added.

"We hope that security will remain favorable in Batam in 2014. Security is one of the most factor to be considered by investors," he said.

in 2012, there 48 new investment projects in Batam and 13 foreign companies invested for expansion.

In 2013, there were 80 companies invested in Batam including for expansion.

 

 

Indonesia is preparing steps in response to the European Union`s (EU`s) plan to phase out the use of palm oil-based biofuel energy that will affect palm oil-producing countries.
As many as 93 forestry and environment experts from various countries will attend the 3rd Asia Pacific Rainforest Summit (APRS) which will be held in Yogyakarta on April 23--23 to discuss progress in the implementation of Paris Agreement.
Ciletuh-Pelabuhanratu geopark has officially been declared as part of the UNESCO Global Geopark (UGG) which will be a new history for tourism in West Java.
Finance Minister, Sri Mulyani Indrawati, was named the best finance minister in Asia and the Pacific for 2018 by Hong Kong-based financial magazine FinanceAsia for the second time in a row.
President Joko Widodo (Jokowi) noted here on Monday that Indonesia is a large country, whose economy will grow stronger and increase in 2030.
President Joko Widodo (Jokowi) has stated that according to US News and World Report survey results, Indonesia was in the second place among the world`s two most attractive countries for investment destination.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu