Indonesia sets up China desk to lure investments

Head of BKPM Franky Sibarani - Photo by Vincencia NLS

Indonesia’s Investment Coordinating Board (BKPM) has set up a China desk to attract more investments from the Asian economic giant.

In 2015, the realisation of investment from China reached $2.3 billion or up 47% compared to 2014. In the first quarter alone, the actual investment from China in the first quarter 2016 reached $464.6 million.

Since last year, the agency has received investment commitment from China around $40.2 billion. Of this, as much as $1.2 billion has been facilitated in Q1.

This year, BKPM is expecting investment commitment from China to reach $30 billion.

“BKPM has set up China Desk to improve investment services for Chinese investors after setting up Korean and Japan desks. We hope our team can deliver the policies to them,” BKPM head Franky Sibarani said at a press conference.

He added, the government is inviting Chinese’s investors to invest in infrastructure, agriculture, maritime, industry, tourism and economic zones.

One of the recent investments into Indonesia has been China Fortune Land Development  to develop an industrial zone on Java Island with a total investment $1.5 billion. The industrial zone will be built on 1,400 hectares land areas.

The other investors from China who have announced their plans to seek a permit from BKPM are firms engaged in industries such as steel, stainless steel, information and technology, seamless pipe, furniture, construction, EPC, textiles and others. Their investment plans are estimated to reach $8.2 billion, with overall investment commitment amounting to $40.2 billion.

According to Wang Linping, Minister Counselor for Trade and Commercial Affairs, Chinese have become the third larger investors in Indonesia from fourth position last year after Singapore, Japan and Hong Kong.

Also Read : 

Despite macro challenges, Indonesia targets 14% jump in investments at $43b in 2016 

Indonesia records 17% growth in Q1 investments, China turns key FDI player

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.