Minister: Indonesia will remain a world investment destination in 2023

Antara News are reporting on a recent announcement made by Bahlil Lahadalia, Minister of Investment and Head of the Investment Coordinating Board (BKPM) who expressed optimism that Indonesia would remain the world’s investment destination in 2023.

“When asked whether Indonesia is still optimistic that in the future, we will become one of the investment destination countries? Yes, we are very optimistic,” the minister noted during an online talk show titled “Optimism for a Stronger Indonesia” in Jakarta on Wednesday.

He went on to say that recently, Indonesia has shown an excellent economic foundation with economic growth reaching 5.44-percent in Q2 2022 (YoY), and a stable inflation rate of 4.35-percent in June 2022 (YoY) amid global uncertainty.

This achievement has made Indonesia one of the countries with the best macroeconomic foundations in the world. This is especially true when compared to other G20 member countries, Lahadalia remarked.

He went on to say that Indonesia’s economic foundation was based on good exports and imports, consumption growth at around 5.1-percent and investment growth at 3.1-percent. The minister’s optimism is also based on President Joko Widodo’s direction that the investment target in 2023 must be higher than the 2022 target of IDR 1,200-trillion.

A higher investment target is needed to fill the declining financing gap since the state budget deficit must be kept below three percent. “In order to keep our growth above five percent, we need investment. Hence, I am sure that future investment will be above IDR 1,200-trillion,” Lahadalia noted.

He is also optimistic that the investment realization target of IDR 1,200-trillion in 2022 will be achieved.

Until the first semester of 2022, the realization of investment had reached IDR 584.6-trillion, or 58.4-percent of the existing target.

He said that the flow of investment realization would continue to increase until the end of the year to pursue the country’s targets.

“Usually, the investment flow cycle is the smallest in the first quarter and then increases in the third and fourth quarters since people are pursuing targets. With the data we have, God willing, it will be achieved,” he concluded.

 

Source: Antara News

Latest Article
Christmas and New Year Holidays, KAI Prepares 44.7 Million Tickets
PT Kereta Api Indonesia Group has allocated 44,754,280 train tickets to accommodate the surge in passengers...
Ministry Urges Tourism Collaboration for Year-end Holidays
Antara News is reporting that Indonesia’s Tourism Minister, Widiyanti Putri Wardhana, has called for...
AirAsia to Reduce Ticket Prices for Christmas and New Year
In a written statement released on Sunday (1/12/24,) AirAsia’s CEO, Veranita Yosephine announced...
Indonesia Game Festival 2024 Powers Economic Growth
  The Indonesia Game Festival 2024 is set to energize the nation’s gaming industry while driving...
President: Education Is Government's Top Priority
According to the website of The President of The Republic of Indonesia, President Prabowo Subianto, who...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.