BP Batam Receives 51 Foreign Investment Proposals

16 July, 2013 | Source: Antara News

The Batam Management Board (BP Batam) received investment proposals from 51 foreign firms and joint venture companies in the first semester of 2013 to invest US$77.28 million in the Batam free trade zone.


"BP Batam has given them until three years to realize their investment plans. Every six months we will evaluate them to see the extent of their seriousness," the head of the BP Batam′s public relations and publication sub-directorate, Ilham Eka Hartawan said in Batam on Sunday.

Ilham said most of the investors planned to invest in the shipbuilding yard, oil and gas supporting industry, trade service, construction service, bio ethanol industry, lubricant oil processing industry, and power generators.

"The oil and gas supporting industry and shipbuilding yard are among the most attractive sectors," he said.

The investors mostly came from China, Taiwan, Japan, South Korea, Malaysia, Singapore, South Africa, the United States, and European countries, he said.

"Actually, our target is to attract investors from Asian countries which have good economic growth but it turns out that many investors from other regions are also interested in investing in Batam," he said.

Ilham said a number of foreign and joint venture companies have begun realizing their investment plans in Batam in 2013.

He said BP Batam has begun prioritizing green industries as part of efforts to use natural resources in a sustainable way.

"The promotion policy of BP Batam is currently directed towards luring low water consumption industries such as information technology company to preserve the environment in Batam," he said.

Through the segment, target, position (STP) strategy, BP Batam no longer eyed on industries which consume large quantities of water such as textile industry, palm oil industry, and the like, he said.

 

The Government of Indonesia praised its Serbian counterpart for its help in extraditing Maria Pauline Lumowa, a fugitive 17 years since being named a suspect, over Bank Negara Indonesia′s (BNI′s) US$136-million fraud case.
Toba Caldera was inscribed on the List of UNESCO Global Geoparks (UGGp) at the 209th Session of the UNESCO Executive Board held in Paris, France, on Tuesday (July 2).
The Indonesian government, through a resolution issued by the Ministry of Health, has officially enforced health protocols for the tourism and creative economy sector.
The Indonesian Trade Ministry has adopted strategic measures to intensify the exports of processed food products to improve Indonesia′s trade balance in the second quarter of 2020 amid the COVID-19 pandemic, Trade Minister Agus Suparmanto stated.
The spread of the novel coronavirus disease (COVID-19) has brought the tourism sector to a screeching halt, resulting in the collapse of tourism-related industries comprising aviation, hotel, restaurant, and other travel and hospitality businesses worldwide.
Israel’s lust for more Arab land seems endless. They have occupied and colonized most of Palestinian land and unilaterally claimed Syria’s Golan Height, annexed Jerusalem, and now they plan to annex parts of Jordan Valley and West Bank. Prime Minister Benjamin Netanyahu told a meeting of Likud’s Knesset faction on May 26 that the annexation of West Bank will begin on July 1 this year.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu