JAKARTA, NNC - Indonesia Coordinating Minister for Political, Legal and Security Affairs Wiranto has assured that the 2018 Regional Election will not interfere with investment security in Indonesia.
"We guarantee that [investment] stability will be maintained during the 2018 Regional Election and 2019 General Election," Wiranto said at the Office of the Coordinating Ministry for Political and Security Affairs in Jakarta, on Wednesday (03/14).
The former TNI (Indonesian Military) Commander said the guarantee of investment security in Indonesia was one of the topics discussed when he received Michael Michalak, Senior Vice President and Regional Managing Director of US-ASEAN Business Council and delegates at the Ministry's office on Wednesday.
JAKARTA, NNC - The US-ASEAN Business Council has expressed appreciation for the improvement of ease of doing business ranking in Indonesia. This was said by Minister of Trade Enggartiasto Lukita after accompanying President Joko Widodo in a meeting with President/CEO of the US-ASEAN Business Council Alexander Feldman at the Merdeka Palace on Tuesday (3/13/2018).
"This is an appreciation of what has been done and the rise of our ease of business ranking. Then they expressed some commitments to continue the investment," said Minister Enggartiasto as quoted from the official website of the Secretariat of State, Wednesday (3/14). As is known, in the "Doing Business 2018" published late October 2017, Indonesia's ranking rose from position 91 in 2017 to position 72 in 2018.
Indonesian President Joko Widodo wants Australia to become a full member of ASEAN, signalling Friday he is keen on Canberra playing a bigger regional role in defence, trade and security matters.
His comments come with Australia hosting a special summit of Association of Southeast Asian Nations (ASEAN) leaders in Sydney, as China increasingly flexes its muscle and the threat of violent extremism grows.
"I think it's a good idea," Widodo told the Sydney Morning Herald, referring to Australia joining ASEAN -- the first time an Indonesian president has endorsed the concept.
"Because our region will be better, (for) stability, economic stability, and also political stability. Sure, it will be better."
Australia has been a dialogue partner of ASEAN, which groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, since 1974.
Speaking to 41 US-based companies grouped under the US-ASEAN Business Council on Tuesday morning, the President underlined the significance of investment into Indonesia from the world’s top economy.
“American investment into Indonesia has been sizeable and plays an important role in the Indonesian economy,” Jokowi said during a meeting with the council at the Merdeka Palace.
Realized foreign direct investment (FDI) in Indonesia by US firms surged by 71.5 percent to US$1.99 billion last year, driven by 625 projects. That is significantly higher than the 30 percent growth to $1.16 billion seen in 2016, spread across 540 projects.
The US stood still as the sixth-largest foreign spender in the archipelago over the 2016-2017
(Jakarta) – On March 15, the US-ASEAN Business Council signed a Memorandum of Understanding (MoU) with Indonesia’s Investment Coordinating Board (BKPM) on Cooperation in Promoting Economic Relations and Foreign Direct Investment (FDI) in Indonesia. This MoU signing comes at the conclusion of the Council’s annual Business Mission to Indonesia from March 13-15, where a delegation of 41 leading American companies met with key senior government officials and various stakeholders in the Indonesian business community to learn about the country’s plans for increasing trade, encouraging investment, and enabling inclusive economic growth.
(Jakarta) - A delegation of 41 leading American companies from a cross section of industries visited Jakarta from March 13-15, concluding its visit to Indonesia today. The group was comprised of more than 85 senior executives and was organized by the US-ASEAN Business Council. Over the course of the mission, the delegation held more than thirty meetings including President Joko Widodo, Vice President Jusuf Kalla, Coordinating Minister Luhut, Coordinating Minister Wiranto, key members of the cabinet and other senior government officials, as well as representatives of the Indonesian business community from the Indonesian Chamber of Commerce and Industry (KADIN), Indonesian Employers Association (APINDO), and the KADIN United States Committee (KIKAS).
Jakarta - Representatives of the US-ASEAN business council kicked-off their three-day visit to Indonesia by meeting President Joko Widodo (Jokowi) at the Merdeka Palace today, March 13. The US-ASEAN business council president Alexander C. Feldman brought 41 major enterprises in this visit.
“The president was happy to accept us. We talked about our experience on industries in the U.S. and discussed the changes in Indonesia,” said Alexander at the presidential palace complex in Jakarta on Tuesday, March 13.
The enterprises he invited come from numerous sectors such as gas, technology, health, up to tourism; “They are Procter and Gamble, Axa, Coca-Cola, Expedia, Cigna, Apple, and Amazon,” said Feldman.
The head of a US business delegation rated the Philippines’ as one of the most attractive destinations for foreign direct investments owing to the country’s positive economic prospects, and urged local stakeholders to work more closely with American firms on the technology front.
In an interview, Ambassador Michael Michalak of the US-Asean Business Council said he had led a group of US business people to meet with government officials and learn more about the plans of the Duterte administration for the Philippines.
“We were all impressed by what we heard from the economic managers,” he said. “If only half of what they said they would do would happen, that would make the country very attractive for investors like us.”
The vision of modern, urban Viet Nam is usually associated with foreign giants such as Microsoft or IBM, which have partnered with Da Nang and Ha Noi to realise their smart city dreams. However, as it stands, several made-in-Viet Nam solutions for smart homes, meters and transportation fleet management, are ranked highly even in the global market, Tuan said during a smart city talk held on Thursday in Ha Noi by the Ministry of Planning and Investment and the Thailand-based Amata group.
Tuan stressed that with the advent of the fourth industrial revolution, with IoT at its heart, smart solutions will be necessary in the future where automation and Artificial Intelligent reign, freeing humans from repetitive labour and allowing them to focus on more innovation and creative works.
“Most importantly, the ultimate purpose of any smart initiative, including a smart city, is to improve quality of life,” he added.