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 emerged as an overall champion at the Global IT Challenge (GITC) Competition for Youth with Disabilities 2018 held in New Delhi, India.
Indonesian Defense Minister Ryamizard Ryacudu has stated that the defense industry exhibition, Indo Defense Expo and Forum 2018, could strengthen the collaboration between the Indonesian defense industry and its counterparts from fellow countries.
Health development in Indonesia is the most important pillar of national security, according to Coordinating Minister for Human Development and Culture Puan Maharani.
Lonely Planet, the world`s largest digital travel guide and publisher, has included Indonesia on the list of top 10 countries to visit in 2019 and placed the country in seventh position.
The South Korean Government under President Moon Jae-in`s administration is trying to strengthen South Korea`s diplomatic relations with Indonesia and other ASEAN member countries, said Choe Won-gi, Head of the Korean National Diplomatic Academy.
The North Maluku Cultural Heritage Preservation Office (BPCB) will collect data on prehistoric cave paintings existing in 36 caves on Kisar Island, Southwest Maluku District, Maluku Province, on Nov 14-28, 2018.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu