VOL NO REGD NO DA 1589

Thursday, February 16, 2006

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

OPINIONS & VIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

TRADE/ECONOMY
 
Major investors to start building projects in Indonesia
2/16/2006
 

          Jakarta, Feb. 15 (ANTARA): A number of major foreign investors will realise their investment in Indonesia now that the business climate in Indonesia is improving, the country's chief investment coordinator said.
Five foreign investors will develop industries and businesses in Indonesia this year, chairman of the Investment Coordinating Board (BKPM) Muhammad Lutfi said here yesterday after a meeting with President Susilo Bambang Yudhoyono at the presidential office.
The international companies included PT Asia Timur Perdana, which will set up a construction business with an investment worth US$263 million in the Jababeka industrial estate, West Java, and a Thai investor will start a cement company under the name of PT Semen Jawa with a total investment of US$95 million.
The others were PT Bio Energi Nusantara which will be engaged in the bio diesel sector with investment valued at US$41.41 million, PT Kirin Miwon which will initiate a food seasoning factory in Lampung, southern Sumatra, with a total investment of around US$87 million, and India's TVS motorcycle manufacture, which will relocate its production facilities in other Asian countries to Indonesia with an investment worth US$60 million.
"TVS will be operating in the Jababeka industrial estate. They have requested a permit, and their factory is currently under construction," said Lutfi.
Lutfi also reported to the President that three palm oil plantation companies were planning to open new plantation areas in Indonesia.
They were PT Sebakis Inti Lestari in East Kalimantan, PT Putra Makmur Lestari in West Kalimantan, and PT Mitra Tani Tata Lestari in Jambi, Sumatra, with investments respectively worth around Rp330 billion (about US$31 million), Rp400 billion (about US$38 million), and Rp327 billion (about US$30 million).
"There is another very major investment, between January and February 2006, PT Oso Multi Pratama will develop a basic organic chemical industry based on oil and gas in East Kalimantan with an investment of Rp4.841 trillion (around US$500 billion). This is a breakthrough and fresh air for investment planning in Indonesia," he said.
Lutfi also reported to the President on the country's investment performance during 2005. In January-December 2005, the realisation of investments increased by around 96 per cent, reaching US$12.14 billion in 2005 from US$6.21 billion in 2004.
Last year's overall investments consisted of US$3.23 billion in domestic investments, and US$8.91 billion in foreign investments.
"Domestic investments were mostly in the paper and printing industry, food, plantations, construction, chemical and pharmaceutical industries. While foreign investors were mostly in telecommunications, chemical, construction, food, metal, machinery, and electronic industries," he said.

 

 
  More Headline
Investment law increases attractiveness of securities market
Japan expected to report upsurge in economic growth
Help for poor, elderly seen in Singapore ‘people's budget’
Major investors to start building projects in Indonesia
India says WTO deal should favour developing nations
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com