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.

Jakarta Post

Indonesia lures Japanese to invest in Batam

News Desk (The Jakarta Post)
Jakarta
Mon, October 24, 2016 Published on Oct. 24, 2016 Published on 2016-10-24T15:52:03+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Indonesia lures Japanese to invest in Batam Businesspeople apply for permits at the One-Stop Service Agency of Batam, which provides a three-hour service for eight kinds of investment permits. (JP/Fadli)

T

he Batam Indonesia Free Zone Authority (BP Batam) is working with the Investment Coordinating Board (BKPM) to promote Batam to Japanese investors, eyeing to raise up to US$750 million in foreign investment by the end of the year.

Gusmardi Bustami, BP Batam’s deputy chairman, said investing in Batam has become simpler and faster with the newly introduced three-hour investment licensing services for foreign investors.

“With a minimum investment plan of Rp 50 billion [$3.84 million], investors could get eight types of licenses in three hours,” he said during a Japanese investor forum held at BKPM’s headquarter in Jakarta on Monday.

BKPM’s director of investment approval, Iwan Suryana, said the eight licenses included investment licenses, deeds of establishment and approval, tax registration numbers and foreign worker recruitment plans.

To boost foreign investment, Gusmardi said the government has reformed the land management system by simplifying the procedures for land acquisition.

In 2015, Japan was the third largest investor with a $47.44 million total investment in Batam, 10 percent of the total foreign investment in the region, after the Singapore with $125.12 million and Hongkong with $107.07 million.

“We will focus on attracting foreign investors in various sectors, especially electronics, shipyard industries and marine tourism,” Gusmardi said. (win/ags)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.