US Appreciates Investment Climate Improvement in Indonesia

Angga Bratadharma    •    Rabu, 11 Nov 2015 23:15 WIB
US Appreciates Investment Climate Improvement in Indonesia
People taking a picture of general view of Jakarta. (Photo: Antara/Andika Wahyu), Jakarta: Indonesian government realized that doing business in Indonesia is still not as simple as any other countries. Therefore, the government continues in improving them, including the simplification of investment services and licensing, as well as publishing policies to provide direct stimulus on the investment activities. 

It was conveyed by the Deputy of Investment Climate Development Sector, Farah Ratnadewi Indriani, when receiving the visit of US-ASEAN Business Council (USABC) delegation, as quoted from her official statement in Jakarta, Wednesday (11/11/2015).

As a follow up of the President's visit to the US some time ago, the US businessmen joined in the USABC conducted a visit to Indonesia, among others to the Investment Coordinating Board (BKPM) with the goal of receiving direct explanations on the policies and investment climate improvements in Indonesia. 

The USABC delegation was led by the President & CEO of USABC, Alexander C. Feldman, as he was accompanied by 70 leaders of US companies from various sectors, such as information technology, oil and gas, food and beverage industry, manufacturing, and finance.

"We convey our appreciation to BKPM on the Indonesian government's commitment in improving the investment climate. We have seen the efforts of BKPM in conducting policy reform process to create a conducive investment climate. It adds to our faith in increasing our investment in Indonesia," mentioned Alexander.

The United States of America is one of the main investors in Indonesia, which within the past five years has grown the investments of 23 percent annually and contributing as much as six percent of the total Foreign Investment in Indonesia.

Five largest sectors of US investment comprised of mining at US$7.2 billion, trade/repair at US$258 million, food industry at US$167 million, transportation industry at US$142 million and chemical/pharmacy industry at US$56 million.