President Jokowi Ensures Hong Kong Business People to Invest in Indonesia

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 1 Mei 2017
Category: News
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President Jokowi attends a business forum in Hong Kong, Senin (1/5) (Photo: BPMI)

President Jokowi attends a business forum in Hong Kong, Senin (1/5) (Photo: BPMI)

On the sidelines of his working visit to Hong Kong, President Joko ‘Jokowi’ Widodo had a meeting with Li Ka-shing, the owner of the CK Hutchison Holdings Limited, at Conrad Hotel Hong Kong, Monday (1/5) morning.

On that meeting, the President explained a number of Government’s plans to increase Indonesia’s economic growth.

Besides having a meeting with Li Ka-shing, a business people, an investor and also a philantropist, the President also met a number of business people and investors in Hong Kong, at Conrad Hotel Grand Ballroom, Hong Kong, Monday (1/5) morning.

On that meeting, the President ensured that investment opportunities in Indonesia are widely opened. In addition, the President also described the Government’s efforts to strengthen Indonesia’s position as an investment-friendly country.

Conveying the results of his meeting with Li Ka-shing, who usually called Superman because he is very good in business, the President said that Li Ka-shing has committed to continue to invest in Indonesia. “Of course, Superman always be the first to see an opportunity,” the President said responding to Li’s investment ten years ago and this statement made the meeting boisterous.

Investment opportunity is also supported by the Government’s efforts to improve its Ease of Doing Business (EoDB) by carrying out a number of reforms.

The first reform was carried out by President Jokowi at the beginning of his administration. At that time, he reduced and reallocated 80 percent of fuel oil subsidy to other more useful things. “The value is around US$15 billion per fiscal year that then we allocated to health services, education, and infrastructure development,” the President said.

With the budget allocated for infrastructures development, the Government carries out the biggest infrastructure development program in Indonesia. “35,000 MW electricity program, 1,000 kilometers toll roads, 3,258 kilometers railways, 15 new airports, 10 aiport developments, 24 new ports and ports development,” the President mentioned the ongoing projects.

Moreover, the President also stated that around 3,000 regional regulations that hamper investment have been cut. On the other hand, Indonesia’s tax amnesty program is one of the most successful in the history.

“Thanks to those efforts, Indonesia manages to improve its rank of EoDB, from rank 106 to 91,” the President said while adding that the next target is to be at rank 40.

Therefore, there are a lot of investment opportunities in Indonesia. “The ongoing infrastructure projects make a number of regions connected. It also creates bigger opportunities in tourism sector,” the President said.

The President added that Indonesia’s heaven is not only in Bali. “With a better infrastructure access, Indonesia has launched a program “Ten New Bali”, such as Raja Ampat in Papua, Mandalika in Lombok, and Komodo Island,” the President said. The President predicted that in the upcoming years, Indonesia will be flooded with investment in hotel and resort developments, as well as tourism sites.

“I also see remarkable opportunities for finance industry in Hong Kong. I believe, in Asia, financing infrastructure will become the biggest capital market opportunities for next decades,” the President said.

With Indonesian Government’s efforts and Hong Kong’s investment capacity, President Jokowi hopes that Hong Kong investors are interested to invest in Indonesia. The President also ensured that his administration will continue to improve all aspects to make Indonesia as an investment-friendly country.“We in Indonesia will welcome you with a stronger reforms and more rapid progress,” the President added.

On that event, the President was accompanied by Minister of Foreign Affairs Retno Marsudi, Minister of Trade Enggartiasto Lukita, Cabinet Secretary Pramono Anung, and Head of Investment Coordinating Board Thomas Lembong. (BPMI Setpres)(MMB/YM/Naster)

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