Singaporean corporations were interested in developing industrial and logistics center and maritime center in Batam at the value of USD 1,3 billion. They had asked BKPM to facilitate the project that it could be realized soon. The request was made by the investor’s representative to the Head of BKPM Franky Sibarani during intervals at President Jokowi state visit in Singapore. This was disclosed by the Public Relations Dept of BKPM (30/7).
According to Franky, BKPM accelerated realization of invetor’s plan in Batam, because the maritime sector was one of the prioritized sector beside infra structure, agriculture, tourism and industry. the facilitation process was underway and managed by BKPM through Singapore representative office in Batam. The process was being fully coordinated by BKPM Marketing officer for South Korea zone and Singapore zone. BKPM projected investment collaboration with Singapore with focus on 3 sectors, i.e. maritime, infra structure and manufacturing.
In the opportunity of visiting Singapore with President Jokowi’s team, Head of BKPM Franky Sibarani also held a meeting with International Enterprise Singapore represented by Chairman Mr. Seah Moon Ming and CEO Mr. Tan Eng Cheong.
International Enterprise Singapore was an institution of the Government of Singapore whose mission was among others to promote Singapore’s investment abroad. At that meeting both parties agreed to promote Singapore’s investment to Indonesia in 3 sectors: maritime, infra-structure and manufacturing.
BKPM and IE Singapore agreed to re active Singapore’s investment in Batam, Bintan, and Karimun and other Indonesian regions. BKPM was optimistic that such proposition was feasible because it was in line with directives of Singapore Prime Minister Lee Hsien Loong in his meeting with President Jokowi in which Singapore would not only focus activities in Batam but also in other parts of Indonesia.
BKPM showed that Singapore invested in highest amount in Indonesia. Total of Singapore’s investment to Indonesia from 2010 to Semester 1 of 2015 was USD 28,35 billion with focus on transportation, warehousing, and telecommunication (46%), food plant and plantation 12%, mining and food & beverages (respectively 7%) and electricity, gas, and water (5%). Meanwhile investment ratio of Singapore through 2005 – 2014 was around 61.67% while stock of Principle Investment in Singapore from 2010 to Semester 1/2015 being unrealized was USD 50,2 billion. (SS)
Business New - August 5, 2015