TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Mandiri Investment Forum 2015 to push economic growth
Final rehearsal: Mandiri finance and strategy director Pahala N
Change Size
Final rehearsal: Mandiri finance and strategy director Pahala N. Mansury (center) looks at a document flanked by Mandiri Institute chief executive Destry Damayanti (left) and Mandiri Sekuritas director Laksono W. Widodo at a press briefing in Jakarta on Thursday. Mandiri, Mandiri Sekuritas and Barclays will host the Mandiri Investment Forum on Jan. 27, with 700 investors, including 150 foreign investors, expected to attend the event. (JP/Jerry Adiguna) (center) looks at a document flanked by Mandiri Institute chief executive Destry Damayanti (left) and Mandiri Sekuritas director Laksono W. Widodo at a press briefing in Jakarta on Thursday. Mandiri, Mandiri Sekuritas and Barclays will host the Mandiri Investment Forum on Jan. 27, with 700 investors, including 150 foreign investors, expected to attend the event. (JP/Jerry Adiguna)
F
span class="inline inline-none">Final rehearsal: Mandiri finance and strategy director Pahala N. Mansury (center) looks at a document flanked by Mandiri Institute chief executive Destry Damayanti (left) and Mandiri Sekuritas director Laksono W. Widodo at a press briefing in Jakarta on Thursday. Mandiri, Mandiri Sekuritas and Barclays will host the Mandiri Investment Forum on Jan. 27, with 700 investors, including 150 foreign investors, expected to attend the event. (JP/Jerry Adiguna)
Investors and businesspeople will gather next week in Jakarta to discuss the prospects of investment in Indonesia as part of the efforts to bolster economic growth, according to a top Mandiri Institute executive.
Mandiri Institute, which is a think tank under state-owned lender Bank Mandiri, along with Mandiri Sekuritas and Barclays, will host the annual Mandiri Investment Forum from Jan. 26 to 28 with the main theme of 'Pushing Structural Reform'.
The three-day event will include pre-forum fieldtrips on Jan. 26, a main conference on Jan. 27 and Indonesia Corporate Day, involving around 31 companies and 41 institutional investors, on Jan. 28.
Mandiri Institute chief executive director Destry Damayanti said the forum was expected to be attended by around 700 domestic investors and businesspeople as well as 150 foreign investors who are interested in investing in the country.
'This flagship event will gather government officials, investors and the public to create new investment opportunities in Indonesia,' Destry said on Thursday.
On the first day, participants will visit a number of destinations related to three main economic sectors ' property and retail, infrastructure and banking.
Participants are scheduled to visit the BSD City housing area and the Terminal 3 extension site at Soekarno-Hatta International Airport in Tangerang, Banten, as well as a Bank Mandiri micro-branch in Tanah Abang, Central Jakarta.
On Tuesday, the main conference and panel discussions will be attended by President Joko 'Jokowi' Widodo and several of his ministers, including Finance Minister Bambang Brodjonegoro and Transportation Minister Ignasius Jonan.
Officials from other independent state institutions, such as Bank Indonesia Governor Agus Martowardojo and Financial Services Authority (OJK) chairman Muliaman D. Hadad, will also attend the event.
Jim O'Neill, honorary professor of economics at the University of Manchester and former chairman of Goldman Sachs Asset Management, will give a presentation on the global economic outlook.
The final day's meeting will host executives from a number of domestic commercial institutions, including diversified conglomerate PT Astra International, private lender Bank Central Asia, consumer goods producer Indofood Sukses Makmur and cement manufacturer PT Semen Indonesia.
Destry said serious efforts would be needed, as new investment is hoped to be the engine of Indonesia's economic growth, which is expected to grow 5.8 percent this year, according to the revised 2015 State Budget.
'Part of the economic growth will be driven by investment, which is hoped to increase by 10 percent, higher than 4.6-5 percent last year,' she said.
Destry explained that the government planned to boost economic growth through infrastructure development, for which the 2015 National Mid-Term Development Plan (RPJMN) allocates financing worth Rp 5.51 quadrillion (US$442.26 billion) over a five-year term or around Rp 1.1 quadrillion each year.
According to O'Neill, Indonesia is one of the countries most targeted for investment this year, alongside China and India.
O'Neill said Indonesia's potential was large because of its economic growth and huge population, amid bleak predictions for the world economy.
'The World Bank has said that the global economy will probably be sustained by the US only, while Europe, China and Japan are predicted to grow below expectations,' he explained.
