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.
True partners in green financing
As part of our ASEAN strategy, the City Corporation has long been aware of Indonesia’s role as an engine for growth for the whole of Southeast Asia and beyond. The world’s fourth most populous nation has grown between 5 and 6 percent annually for nearly 15 years, and by some estimates is set to be the fourth-largest economy in 2050.
Change Size
We and our industry partners know that London’s strengths as an international financial center will remain, as will our policy of welcoming greater ties with our partners like Indonesia. (Shutterstock/Aleks Shutter)
A
s the lord mayor of London, the United Kingdom’s historic Square Mile financial district, I am proud to be a global ambassador for my country’s financial and professional services sector.
My visit to Jakarta this week comes in the wake of the second UK-Indonesia Partnership Forum last month in London, a high-level ministerial meeting that resulted in a number of agreements, many of which the City of London Corporation that I represent can help to drive forward.
It’s certainly an exciting time. Seventy years after our countries established formal diplomatic ties, the partnership between us continues to go from strength to strength. Bilateral trade stands at around 2.7 billion pounds (Rp 47.8 trillion), with 63 million pounds of this in financial services.
As many as 19 rupiah denominated bonds have been listed on the London Stock Exchange, worth over Rp 40.7 trillion (US$2.9 billion equivalent), including 6 Komodo bonds with a value of Rp 13.2 trillion. All support Indonesia’s growth and infrastructure funding ambitions.
