Baca berita tanpa iklan. Gabung Kompas.com+
February 9, 2021, 01.59 AM

KOMPAS.com – A senior minister has confirmed that several international investors have expressed interest to invest their funds in the newly-established Indonesia Investment Authority (INA). The total investment is estimated to have reached about $9.5 billion.

Coordinating Economic Affairs Minister Airlangga Hartarto argued that the economic recovery has influenced the investors to place their funds in the INA.

Under its recovery programs, Indonesia implements the Covid-19 jab drive and provide business incentives to grow the economy.

Meanwhile, as the Covid-19 caseload continues to climb, Jakarta City Administration extended partial lockdown, also known as large-scale social restrictions (PSBB) for another two weeks to February 22.

Below are the editors’ picks stories published on Kompas.com:

Indonesia Investment Authority to Receive $9.5 Billion from Foreign Investors

Various international investors have expressed interest to invest their funds in Indonesia Investment Authority (INA) by sending a letter of intent (LoI), a senior minister said on Monday.
“The accumulated amount from the LoI reached $9.5 billion,” said Coordinating Economic Affairs Minister Airlangga Hartarto during an event titled Indonesian Economic Outlook 2021 on February 8.

Airlangga said the institutions are the United States International Development Finance Corporation (DFC), Japan Bank for International Cooperation (JBIC), Caisse de dépôt et placement du Québec (CDPQ) Canada, and the Dutch asset management company APG-Netherlands.

The interest of the aforementioned financial institutions is in line with the national investment climate that began to improve following Law No. 11/2020 on Job Creation.

Currently, Airlangga said, the government is finalizing the laws’ derivative regulations comprising 49 drafts of government regulations and five presidential regulations.

“All the regulations will become a guideline for the implementation of the Job Creation Law for all stakeholders,” he added.

Besides, the process of accelerating economic recovery has influenced the investors to place their funds in INA. It includes various activities from the implementation of Covid-19 jab drive to providing business incentives to grow the economy.

Source: https://go.kompas.com/read/2021/02/08/164745674/indonesia-investment-authority-to-receive-95-billion-from-foreign-investors

Baca berita tanpa iklan. Gabung Kompas.com+
Page:


Baca berita tanpa iklan. Gabung Kompas.com+
Comment wisely and responsibly. Comments are entirely the responsibility of the commentator as regulated in the ITE Law
Report
Thank You! We have received your report. We will remove comments that conflict with the Community Guidelines and the ITE Law.

More Headlines

Travel & Leisure
February 3, 2023, 04.57 PM

EU Approves Plan to Make Online Application for Schengen Visa

Travel & Leisure
January 24, 2023, 09.55 AM

tiket.com Offers Best Accommodation, Airfare Deals for CNY Holiday

Baca berita tanpa iklan. Gabung Kompas.com+
Baca berita tanpa iklan. Gabung Kompas.com+
Baca berita tanpa iklan. Gabung Kompas.com+
Baca berita tanpa iklan. Gabung Kompas.com+
Close Ads
Oke
Baca berita tanpa iklan. Gabung Kompas.com+