BI: Indonesian Economic Outlook Remains Prospective for Investment
Indonesia’s bright economic outlook amidst dynamics of the global economy has resulted in the countrys favorable investment climate, Governor of central bank Bank Indonesia Perry Warjiyo has said.
“To strengthen Indonesia’s macroeconomic stability and economic growth, including development of four potential investment sectors, BI continues to carry out a policy mix and synergizes with the Government and the OJK (Financial Services Authority),” said Perry at the 2019 Indonesia Infrastructure Investment Forum (IIIF), in London, England, Tuesday (2/7).
The four potential sectors, Perry stated, include manufacturing, tourism, fisheries, and infrastructure sectors.
He added that investment opportunities in the manufacturing sector would be concentrated on three Indonesian export commodities, namely automotive, textile and footwear. Meanwhile, investment opportunities for the tourism sector will be focused on developing Indonesia’s tourism development and branding priorities (Lake Toba, Mandalika, Labuan Bajo, Borobudur, Joglo Semar, Bali, Jakarta, Banyuwangi, Bromo and Riau Islands).
In the fisheries sectors, he added, the opportunities available especially in eastern Indonesia, are mainly for cultivation and its supporting processing industries, thanks to Indonesias large potential of natural resources.
“At the national level, infrastructure Investment opportunities should refer to the list of national strategic projects issued by the Committee for the Acceleration of Priority Infrastructure Delivery (KPPIP), consisting of 223 projects and 3 programs,” Perry said, adding that Bank Indonesia is also involved in the National Financial Market Deepening Strategy as the implementation of structural reforms on infrastructure financing.
BI also continued to develop hedging instruments in the foreign exchange market to boost innovative financing in infrastructure development, he added
The 2019 IIIF is collaboration between the Indonesian Embassy in London, the London Investment Promotion Center (IIPC), the Bank Indonesia Foreign Office (KPw LN) London, Ministry of Tourism, and Ministry of Transportation to promote the investment opportunities in the four sectors.
The forum was attended by businessmen, investors, financial institutions, and especially the local business associations.
The 2019 IIIF also aims to integrate investors affairs at regional, national and international levels through the Investor Relation Unit (IRU)-Regional Investor Relation Unit (RIRU) – Global Investor Relation Unit (GIRU) Linkage Program.
In the meantime, the Linkage Program is intended to synergize the efforts and the roles of ministries/institutions and Bank Indonesia in managing positive perceptions of Indonesias economy to encourage investment into Indonesia, including through integrated promotional activities. (BI Communication Department /ES)
Translated by : Fairuzzamani Inayatillah
Edited by : M. Ersan Pamungkas