The Jakarta Post
The Investment Coordinating Board (BKPM) signed on Wednesday a memorandum of understanding (MoU) with the Indonesian branch of British lender Standard Chartered Bank to jointly promote investment opportunities and banking services.
For the BKPM, the cooperation is expected to result in more investors, while the lender hopes to see it translate into more clients.
The two-year agreement will see Standard Chartered promote Indonesia as an investment destination to its clients, primarily in Asia, Africa and the Middle East, through its existing Japanese and South Korean special desks as well as through promotional events.
The bank will hold an investment forum with the BKPM branch in Taiwan on June 14 to attract more investors.
It follows a meeting with around 30 businesspeople from China on May 30, during which they expressed interest in the manufacturing and infrastructure sectors, Standard Chartered Bank Indonesia CEO Rino Donny Donosepoetro said.
The BKPM, on the other hand, will make Standard Chartered one of its main bank partners to facilitate investors’ banking needs.
“This is one of the BKPM’s efforts to increase investment,” BKPM head Thomas Lembong said.
Data from the BKPM show that the total amount of realized direct investment in the first quarter reached Rp 165.8 trillion (US$12.45 billion) or almost 25 percent of this year’s target of Rp 678.8 trillion. (tas)