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Jakarta Post

BKPM gets $16.7b investment commitments from China

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Mon, May 18, 2015   /  11:46 am

The Investment Coordinating Board (BKPM) says it has secured US$16.7 billion in investment commitments from Chinese investors during a business forum held in Beijing on Thursday.

The agency says the $16.7 billion in investment, comprising $700 million in investment projects that principal permits have been applied for and $16 billion in investment projects that are being sounded out, was committed by five Chinese companies interested in the energy, mining, infrastructure, processing and automotive industries.

'€œThe business forum was aimed at giving firsthand information to Chinese businesspeople so they could obtain accurate information on investment potentials and investing procedures in Indonesia,'€ BKPM chairman Franky Sibarani said as quoted by Antara in Jakarta on Monday.

He further said the forum was a part of the agency'€™s efforts to boost China'€™s realized investment, which it considered not optimal in Indonesia.

Franky said China'€™s investment plans had continued to increase during the last five years, reaching $23.3 billion. However, only 7 percent of the total investment commitments had been realized.

'€œThat'€™s why BKPM plans to open a representative office in China to help Chinese investors realize their investments in Indonesia,'€ said Franky. (ebf)

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