Indonesia: Investment commitments up in January
Investment commitments to Indonesia rose 119 percent in January from a year a go to 206 trillion rupiah (15.8 billion USD), said the Capital Investment Coordinating Board (BKPM).
A conner of Jakarta, Indonesia (Source :internet)Of the total value of investment commitments, the manufacturing sector accounted for 43 percent.
BKPM chief Franky Sibarani said the increase reflected high confidence of investors in doing business in Indonesia.
According to the official, one of the main drivers of investment commitments in January is political stability and favourable security in the country. Other factors included the country’s success in managing positive economic growth especially in the second half of 2015, and the focus, which was considered positive in development as well as reform in investment policy.
Simplification in licensing procedure that takes only three hours to issue investment license also contributed to the significant increase in investment commitments in January, he said.
Seven companies planning to invest a total of 31.8 trillion rupiah or 15 percent of the total investment plans used the three-hour licensing facility, he said.
Singapore accounted for the largest part of the investment commitments with investment plan of 7.5 billion USD, followed by China accounting for 2.6 billion USD, the Republic of Korea 280 million USD, Japan 132 million USD and Malaysia 105 million USD.-VNA
You should also see
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
See more
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
World
Vietnam to have many opportunities from digitalisation, green transformation: IMF
The International Monetary Fund (IMF) has forecasted that Vietnam will have many opportunities from digitalisation and green transformation, according to IMF Asia and Pacific Department Director Krishna Srinivasan.
World
Thailand’s EV sales forecast to miss target
Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.
World
Thailand, EU hope to sign FTA in mid-2025
Before the Songkran holiday, senior officials from Thailand and the European Union (EU) met in Bangkok to discuss ways to promote their relationship, including the framework of the Free Trade Agreement (FTA), green transformation, and Schengen visa waiver, Thai media has reported.
