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Australia becomes Indonesia's new target for investors
The Investment Coordinating Board (BKPM) has made Australian investors its new target to help Indonesia achieve a Rp 3,500 (US$245 billion) trillion target of investment realization in the next five years
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he Investment Coordinating Board (BKPM) has made Australian investors its new target to help Indonesia achieve a Rp 3,500 (US$245 billion) trillion target of investment realization in the next five years.
'Now Australia has become one of Indonesia's investment marketing focuses together with five other countries, comprising Singapore, Japan, South Korea, China and Taiwan,' BKPM head Franky Sibarani said, as quoted by Antara news agency on Thursday.
Besides Australia, the BKPM has also targeted other countries, including the US, the UK, the United Arab Emirates and other Middle Eastern countries in order to increase the value of investment into Indonesia.
Data from the BKPM recorded that Australia's total investment realization in Indonesia reached $1.9 million in the past five years, making the country the 12th largest investor for Indonesia.
At least 42 percent of Australian investment in Indonesia goes into the chemical and pharmaceutical sectors, with 41 percent going into mining and the remaining 4 percent to basic metal industry.
Indonesian Ambassador for Australia and Vanuatu Nadjib Riphat Kesoema called on Australian investors to take risks to start investing in Indonesia.
According to Nadjib, Australian investors are cautious about putting money into investments, placing them behind other countries like Japan and China. (nov/ika)(++++)
