Investment target overshot in North Sumatra

30 January, 2014 | Source: Antara News

North Sumatra overshot its investment target in 2013, the Capital Investment Coordinating Board (BKPM) said.

 

Investment in North Sumatra totaled Rp.10.5 trilion in 2013 exceeding the target of Rp 9 trillion set for that year, head of the North Sumatra investment and promotion board (BPMP) Purnama Dewi said here on Sunday.

Dewi said the North Sumatra has received a token of appreciation, "Regional Champion 2013" from BKPM for the good performance.

The citation was granted for 10 best performing province in investment in  2013.

"The Citation is encouraging amid the gas and electric energy crisis which has beset the province," Dewi Said.

"It is more encouraging as North Sumatra is also fully facilitated by BKPM to take part in "Investment Promotion Forum Regional Potential Investment Opportunities" in Rome, Italy," she added.

The token of appreciation also gives a boost and greater optimism for North Sumatra in facing the greater challenges in 2014, she said.

The North Sumatra BPMP would be more encourage to intensify investment promotion to attract more investors to the province, she said.

"Integrated one stop service system would be promoted," she cited.

Secretary of the North Sumatra chapter of the Indonesian Businessmen′s Association (Apindo) Laksamana Adiyaksa said many investors are attracted to North Sumatra as it is strategically located and rich in natural resources.

"The biggest problem, however, is the province still is suffering from gas and power energy rife red tape especially in district areas," Laksamana said.

 

 

Indonesian Foreign Minister Retno Marsudi and her Maldivian counterpart Mohamed Asim will hold a bilateral meeting in Jakarta on Wednesday (June 21) to discuss the cooperation in tourism sector.
The United Nations Food and Agriculture Organization (FAO) has praised Indonesia for its role in fighting illegal, unreported, unregulated (IUU) fishing, the Indonesian Embassy in Rome said.
Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly.
Jakarta (ANTARA News) - Former president of the United States, Barack Obama, is scheduled to deliver a keynote speech at the opening session of the 4th Congress of Indonesian Diaspora in Jakarta on July 1, 2017.
Jakarta (ANTARA News) - Indonesian Minister of Foreign Affairs Retno Marsudi spoke by phone with her counterparts of the Middle East in a bid to ease the crisis between Qatar and a group of Arab countries.
Tokyo, Japan (ANTARA News) - Indonesian Vice President Jusuf Kalla and Japanese Prime Minister Shinzo Abe discussed accelerating the development of medium-speed railway facilities on the Jakarta-Surabaya route during a bilateral meeting after the 23rd International Forum: Future of Asia.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu