Jakarta - Entrepreneurs who are members of the Young Indonesian Entrepreneurs (HIPMI) took part in the 21st China-ASEAN Business Investor Summit (CABIS) which was held in Nanning, Guangxi, China. This event is an opportunity to attract foreign investors to Indonesia.

HIPMI Deputy Secretary General Anthony Leong gave a presentation on investment opportunities in Indonesia. Anthony Leong underlined the importance of collaboration between ASEAN countries to strengthen the investment climate in the region, especially in Indonesia.

"Indonesia has abundant natural resources, a significant demographic bonus, a large consumer market, and a stable economic and political environment. All of this makes Indonesia a competitive investment destination," said Anthony in his statement (29/9/2024).

In his presentation, Anthony explained the latest data showing that investment realization in Indonesia in the first semester of 2024 reached IDR 829.9 trillion (around USD 54 billion). This figure reflects global confidence in Indonesia's economic potential and provides a positive picture of the stability and attractiveness of investment in this country.

Anthony also emphasized the importance of young entrepreneurs collaborating between countries, because it can be seen that the trend of becoming conglomerates nowadays is that relatively many of them are young, under 50 years old.

"Indonesia is one of the largest exporters of coal in the world and has important mineral reserves such as nickel, copper and bauxite. With the increasing global focus on renewable energy, Indonesia is trying to attract more investment in this sector," he explained.

Anthony also underlined the role of digital transformation in simplifying the investment process. "Through one-stop investment services, procedures for foreign investment are now much easier and more efficient. We are ready to become a strategic partner for international investors, especially from China, to establish business partnerships in Indonesia," he added.

With various incentives on offer, such as income tax exemptions for up to 20 years and elimination of import duties for certain sectors, Anthony believes that Indonesia is increasingly attractive to foreign investors. He cited a number of successful investments made by large companies, including Toyota, Mitsubishi and ExxonMobil, which have had a positive impact on the local economy.

The Deputy General Secretary of the Indonesian Chinese Clan Social Association (PSMTI) also invited the Chinese business community to be more active in exploring investment opportunities in Indonesia.

"Together, we can create a prosperous future and strengthen our bilateral relations. I am optimistic that through collaboration and partnership, both Indonesia and China can mutually gain significant economic benefits," he concluded.

Apart from that, in an effort to strengthen economic and investment cooperation between Indonesia and China, a Memorandum of Understanding (MoU) was also signed between several important organizations from the two countries. This MoU was held on the sidelines of the China-ASEAN Business and Investment Summit (CABIS).

The first MoU was signed between CABIS and the Indonesian Young Entrepreneurs Association (HIPMI). This aims to open opportunities for business collaboration between young Indonesian entrepreneurs and the ASEAN region, especially in facilitating cross-border investment and trade.

Apart from that, CCPIT Guizhou Sub-council also has a partnership with two leading business associations from Indonesia, namely HIPMI and the Indonesian Chinese Entrepreneurs Association (ICEA). This collaboration is expected to strengthen increasingly comprehensive business relationships.

According to Anthony, this collaboration will not only encourage economic growth between the two countries but also open up great opportunities for young entrepreneurs and the Chinese community in Indonesia to be actively involved in the global market.

"The signing of this MoU is an important milestone in improving bilateral economic relations between Indonesia and China. We hope that this collaboration can strengthen investment, expand business networks and create more business opportunities," said Anthony.

Through this collaboration, it is hoped that economic relations between Indonesia and China will become closer, with the involvement of strategic business sectors from both parties.

(SOURCE)