Indonesia easing foreign access to boost investment

cn

Indonesia is lifting limits on foreign investment by opening up at least five new business sectors.

This will include operating the country’s airports and seaports — once the exclusive domain of domestic investors.

The country is easing foreign access to boost investment.

Indonesia’s Coordinating Minister for the Economy Hatta Rajasa said he wants to show foreign investors that Indonesia has no intention to close its economy.

There is a perception among some foreign investors that approaching the 2014 election year, politicians tend to take a protective and nationalistic approach to the economy.

The move is also an attempt to persuade investors to dislodge the traditional belief that Indonesia is attractive as a market for imported goods.

Foreign investors will be allowed to manage and run ports, airports, land terminals and drydocks as long as the projects remain within the parameters of public private partnerships.

Businessmen see the move as a positive step and agree that improving the management of airports and seaports can help in the transport of goods and logistics for their companies.

Peter Gontha, deputy chairman of Indonesian Chamber of Commerce, said: “Small and medium enterprises, they will actually gain from this because once those airports, once those harbors are being constructed, once more ships are coming in, once more cargo is coming in, once more passengers are coming in, you will see that actually the economy around those infrastructure projects like airports and harbors will actually grow.

“And who will gain? It’s the SMEs. The small and medium enterprises. If you open a new airport, look how many people can open shops in those airports.”

Indonesia is planning to build 24 new airports by 2015, 16 of which will be opened this year alone.

Currently, PT Angkasa Pura owns and operates Indonesia’s airports, while PT Pelindo owns and runs seaports across the country.

Other sectors that will be open to foreign investors deal with motor vehicle inspection and film distribution.

 

 

 

Source : Channel News Asia | November 7, 2013

Advertisements

About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
This entry was posted in Business, Economy and tagged , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s