London - Indonesia and Great Britain have signed business deal amount USD 19.02 billion during the Indonesia-Britain Business Forum on Wednesday.
The business forum, held at Mandarin Hotel, was attended by President Joko Widodo, Minister of Trade Thomas Lembong, Chief of Investment Coordinating Board Franky Sibarani, and British Trade Minister Mark Price.
"Today, we have witnessed many signing agreements through business-to-business schemes. There were 15 MoUs signed by private sectors and state enterprises from both countries," the Indonesian Foreign Affairs Minister, Retno Marsudi, said here on Wednesday (05/20/2016).
The signing agreement was a follow up from previous approaches that were tried by the two countries.
"Great Britain sees that the potential of Indonesia can be increased. Thus, the country supports big business agreements and we believe they will increase," Marsudi said.
Additionally, the chief of the investment board stated that his office is ready to provide services for British entrepreneurs who are planning to invest in Indonesia.
"The board is ready to facilitate entrepreneurs who are willing to invest in Indonesia. We have opened wider investment opportunities in the country," Sibarani said.
Sibarani noted that the government is improving the business and investment climate in Indonesia by expanding customer services.
President of Indonesia, Joko Widodo in the forum said that the Indonesian economy moving by two principles, namely transparency and competition. Indonesia's economic growth reached 5.04% in the 4th quarter of 2015, when the global economy is experiencing a slowdown. The Indonesian economic situation is stable, which is reflected in the value of the Rupiah and Indonesia Composite Index.
Joko Widodo added that infrastructure construction and investment are the keys to improving economic development. Also, the president conducted a reshuffling of his cabinet and has promoted economic deregulations to improve economic conditions. Indonesia, says the President, will continue instituting economic reforms and increasing investment opportunities.
Previously, Indonesia and Great Britain signed several cooperation agreements in the economic, education, sports, and maritime sectors.
At least, five memorandums of understanding (MoUs) were signed between the two governments that focus on cooperation to boost the creative industry, the higher education sector, exchanges of information and experience in the management of sports events, as well as to streamline maritime and fisheries regulations.
Additionally, officials from PT Garuda Indonesia airways and Rolls Royce Company inked an MoU.
The deal of Entrepreneurs from Indonesia and Great Britain
The business forum, held at Mandarin Hotel, was attended by President Joko Widodo, Minister of Trade Thomas Lembong, Chief of Investment Coordinating Board Franky Sibarani, and British Trade Minister Mark Price.
"Today, we have witnessed many signing agreements through business-to-business schemes. There were 15 MoUs signed by private sectors and state enterprises from both countries," the Indonesian Foreign Affairs Minister, Retno Marsudi, said here on Wednesday (05/20/2016).
The signing agreement was a follow up from previous approaches that were tried by the two countries."Great Britain sees that the potential of Indonesia can be increased. Thus, the country supports big business agreements and we believe they will increase," Marsudi said.
Additionally, the chief of the investment board stated that his office is ready to provide services for British entrepreneurs who are planning to invest in Indonesia.
"The board is ready to facilitate entrepreneurs who are willing to invest in Indonesia. We have opened wider investment opportunities in the country," Sibarani said.
Sibarani noted that the government is improving the business and investment climate in Indonesia by expanding customer services.
President of Indonesia, Joko Widodo in the forum said that the Indonesian economy moving by two principles, namely transparency and competition. Indonesia's economic growth reached 5.04% in the 4th quarter of 2015, when the global economy is experiencing a slowdown. The Indonesian economic situation is stable, which is reflected in the value of the Rupiah and Indonesia Composite Index.
Joko Widodo added that infrastructure construction and investment are the keys to improving economic development. Also, the president conducted a reshuffling of his cabinet and has promoted economic deregulations to improve economic conditions. Indonesia, says the President, will continue instituting economic reforms and increasing investment opportunities.
Previously, Indonesia and Great Britain signed several cooperation agreements in the economic, education, sports, and maritime sectors.
At least, five memorandums of understanding (MoUs) were signed between the two governments that focus on cooperation to boost the creative industry, the higher education sector, exchanges of information and experience in the management of sports events, as well as to streamline maritime and fisheries regulations.
Additionally, officials from PT Garuda Indonesia airways and Rolls Royce Company inked an MoU.
The deal of Entrepreneurs from Indonesia and Great Britain
- Jardine Matheson, the expansion of investment in the automotive sector, infrastructure, consumer products, property, US$ 7.5 billion
- Unilever, the expansion of consumer product investment worth US$ 500 million
- NV Vogt UK Ltd, the investment PLTS (solar), US$ 200 million
- Nuovito, new investments in the field of waste management to support the oil and gas industry, US$ 100 million
- Glaxo Smith Kline, the planned expansion of investments in pharmaceuticals, US$ 13.1 million
- Lyca mobile with the Nuance Group, a new investment cooperation in the field of telecommunications, US$ 200 million
- Aggreko Energy Service, new investments in the energy sector diesel (diesel), US$ 35.5 million
- British Petroleum, the expansion in the energy field in Tangguh, US $ 8 billion
- April Roxcel group with UK group, pulp & paper product sales to British, US$ 12 million
- HSBC, Bank Economic integration and expansion, US$ 1.2 billion
- Garuda with Rolls Royce, aircraft maintenance cooperation of US$ 1.2 billion
- SBS International, cooperation in the field of power generation US$ 60 million
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