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UOB and BKPM encourage Chinese investment in Indonesia

09 November 2018 03:53 PM  Company: []
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JAKARTA - PT Bank UOB Indonesia, UOB China, and the Investment Coordinating Board (BKPM) of the Republic of Indonesia are working together to attract foreign investment from China through seminars and meetings with investors. The seminar, held in Guangzho,u was attended by more than 120 Chinese investors.

According to the Head of Commercial Banking of Bank UOB Indonesia Tonny Timor Basri the demographics of the relatively young population of Indonesia and the increasing number of workforce and middle class are among the main attractions for Chinese investors.

"We organizsd this seminar by collaborating with BKPM with the aim of providing various views and expertise needed by Chinese companies in controlling the opportunity and complexity of doing business in Indonesia," Mr Basri said in a press release quoted by Bisnis Indonesia, Friday (9/11).

Mr Basri added that UOB Indonesia has made a Foreign Direct Investment Advisory Unit since 2013 to bridge the potential of Chinese investment to Indonesia. The unit offers access to business services to support investment ecosystem partners in Indonesia.

BKPM Regional Promotion Facilitation Director Nurul Ichwan said that through the meeting it is hoped that prospective investors can obtain accurate information about potential industrial sectors in Indonesia such as manufacturing, infrastructure, tourism, and the digital economy. "Through this event, we also inform how the conditions of the business climate in Indonesia are now moving in the right direction after various reforms that have been carried out by the Indonesian government," he said. (MS)