Singapore, Dec 11: In anticipation of the political landscape in Indonesia for the next year, the Ministry of Investment and Investment Coordinating Board (BKPM) organized a high-profile Investment Forum on Friday (12/08) in Singapore, focusing on the theme “Indonesia’s Investment Outlook 2023 and Green Economic Opportunities.”
The forum boasted key speakers, including the Minister of Investment and Head of BKPM, Bahlil Lahadalia, and the Indonesian Ambassador to Singapore, Suryo Pratomo.
Addressing an audience of over 200 participants, Minister Bahlil Lahadalia affirmed that Indonesia’s investment climate is on a continual upswing.
He underscored the nation’s commitment to collaboration with investors from Singapore and expressed openness to partnerships with investors from around the globe, without granting special privileges to specific nations.
“In the face of political events, I am confident that politics will not impede investments, and the government will persist in facilitating business permits through the Online Single Submission (OSS) Indonesia application,” Bahlil said.
Indonesian Ambassador to Singapore, Suryo Pratomo, highlighted Indonesia’s abundant natural resources and their immense potential.
However, he emphasized the need to focus on environmentally sustainable industries to ensure the well-being of future generations.
“The government is resolute in reducing greenhouse gas emissions, endorsing renewable energy sources, and safeguarding internationally recognized natural resources. We are taking ambitious strides to position ourselves as global leaders in the environmentally friendly economy,” emphasized Suryo.
During the panel discussion session, key figures such as Nurul Ichwan, Deputy for Investment Promotion of the Ministry of Investment/BKPM; Amalia Adininggar Widyasanti, Deputy for Economic Affairs of the Ministry of National Development Planning/National Development Planning Agency (PPN/Bappenas); Reza Yamora Siregar, Economic Advisor to the Coordinating Minister for Economic Affairs; Edo Mahendra, Maritime and Investment Advisor to the Coordinating Minister; and Andry Asmoro, Chief Economist of Bank Mandiri, provided valuable insights.
Singapore has emerged as the leading source of Foreign Direct Investment (FDI) for Indonesia over the past three years, with substantial investments totalling USD 12.1 billion from January to September 2022. Dominant sectors include basic metal industries (USD 11.3 billion), transportation and warehousing, telecommunications (USD 7.9 billion), as well as real estate, industrial zones, and housing (USD 7.8 billion).
Primary investment destinations include DKI Jakarta (USD 12.4 billion), Central Sulawesi (USD 6.5 billion), and West Java (USD 6 billion).
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