According
to the UNCTAD
2014 World Investment Report, Indonesia is one of the
three most attractive destination for multinational companies for 2014-2016,
ahead of India and Brazil. The Indonesian
government encourages foreign direct
investment in most sectors of the Indonesian economy. Many international
giants, such as Apple Inc.,
Michelin, Baidu, and Foxconn, are planning to
increase direct investment in Indonesia.
In 2015, the
government of Indonesia unveiled its eight
economic stimulus package to boost economic growth, investment and trade.
The latest edition of the series of packages, announced by Economic Chief
Minister Darmin
Nasution at the end of 2015, involves fiscal
and non-fiscal incentives to open up its oil refinery development across
Indonesia to private investors’ participation.
In November
2015, global credit
rating agency Fitch
Ratings affirmed Indonesia’s
sovereign credit rating at BBB- Investment Grade with a stable outlook, acknowledging
its ongoing commitment to structural reforms amid recent economic woes.
However, as
Indonesia
is under a time when the economy is growing at its slowest pace in 5 years,
Steven Tabor, country director at the Asian Development
Bank in Jakarta,
comments that change
is happening but investors must be patient.
Rani
Jarkas, Chairman of
Cedrus Investments, an
investment pioneer with years of experience in Indonesia, said, “I believe that
Indonesia will remain the most attractive country in Southeast Asia for
international investors, given its enormous market capacity, abundant natural
resources and growing internal demand.”
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