Workers assemble vehicles at Daihatsu Motor Co.'s plant in Karawang, Indonesia. (Source: ajw.asahi.com)
Jakarta (VNA) – Indonesia’s Investment Coordinating Board (BKPM) has set a goal of attracting 13 billion USD in investment capital from Japan in 2016.
BKPM chairman Franky Sibarani said the goal is based on the number of permits of investment projects granted for Japanese investors so far.
Franky Sibarani hoped that BKPM and Indonesia’s Embassy in Tokyo would continue boosting cooperation to solve remaining problems to attract more Japanese investors to Indonesia.
Japan is the second largest investor in Indonesia with a total investment capital of 14.6 billion USD, accounting for around 10.5 percent of the total investment capital flowing into the country since 2010 to the third quarter of 2015.
Japan’s investment in Indonesia focuses on industry, transport, metallurgy, machinery, electronics, chemicals, pharmaceuticals, real estate, industrial zones and food industry.
Up to 95 percent of projects are located in Java Island.
According to Sibarani, the Indonesian government are stepping up efforts to improve investment environment with the introduction of a three-hour service in the granting of investment certificates.-VNA
Indonesia has announced that it will allow increased levels of overseas ownership in a range of sectors, as part of efforts to boost the national economy, which tends to slow down.
Indonesian President Joko Widodo pledged to create room for Japanese investors to conduct business in Indonesia at a business forum held on March 24 in Japan, during his first visit to Japan since taking office in October.
Indonesian President Joko Widodo met with Japanese Prime Minister Shinzo Abe on April 23 on the sidelines of the Asian-African Conference (AAC) in Indonesia to discuss the future of their cooperation under agreements reached during Widodo’s visit to Japan in March.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Workers assemble vehicles at Daihatsu Motor Co.'s plant in Karawang, Indonesia. (Source: ajw.asahi.com)
