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

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Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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