Showing posts with label Value. Show all posts
Showing posts with label Value. Show all posts

Saturday, May 31, 2014

Governor: Aceh Is Safe For Investment

20 May 2014


Governor Aceh, Zaini Abdullah, welcomed domestic and foreign investment in this province as Aceh is very safe and convenience for it.

“We will seek for domestic and foreign investment for Aceh. Sometimes, misleading news about Aceh threatens our attempt,” the Governor said during the opening of Aceh Investment Promotion in Banda Aceh on Tuesday (20/5).

Governor said that in the past five years, Aceh’s economy performance is very good. On 2013, the realization of investment in Aceh was IDR 5.2 trillion (USD 447million). And for the first quarter of 2014, the realization had reached Rp. 1.5 trillion (USD 129 million), ranked sixth in Indonesia for investment realization.

He said that there are misunderstanding on the condition in Aceh that creates unsecure and not conducive image especially for investment and business.

“The most recent issue is about the implementation of Shari-a Islam that was thought will disturbed Human Rights and security condition to the business world,” he said.

He explained that the implementation of Shari-a Islam in Aceh had gone well and had blend into the people’s culture. The implementation of Shari-a Islam only applies to the Muslim, not for the non-Muslim.

“In fact, the people of Aceh respected and protected the rights of non-Muslim. But the people of Aceh hoped that people that came to this province will respect the people of Aceh’s traditions,” he said.

Security Issue

In regarding to security issue, Zaini Abdullah repeatedly reminds that Aceh is a safe and convenience investment destination. The event was attended by business players that had invested in Aceh for some time.

“We will listen to their experience,” he said.

He added that during an investment forum in Jakarta, in April 2014, the Head of Army Staff (Kasad) General Budiman, said that investment in Aceh is safe and stable.

General Budiman added that the role to protect business investors belongs to Provincial and Regional Government. So, the government should be able to solve the disturbance towards the investors.

“As the Head of Governance in Aceh, I would like to state it again, we are determined to provide security to the investors either domestic or foreign investor in doing business in Aceh,” he said.

On that occasion, Zaini also said that they have conducted various attempts to support and realize investment in Aceh. The main focus of the investment is to create job opportunities that will support the economy development and to improve the people’s prosperity.

Government of Aceh had also come up with several plans such as development of detailed project to support investment and to shift the investment focus from primary focus to secondary and tertiary sector that will add value to the product.

They also planned to develop industrial zone and specialized strategic investment zone to expedite the investment development; development of economy corridor through upstream-downstream that connects to production central.

“We are aiming to prioritize the finalization the development of six lanes of roads in the remote areas of Aceh within the next three years,” he said.

Government of Aceh also prioritizes improvement of investment climate by revising regulations and policies.

“At the moment we had finalized the discussion on general budget through Governor’s decree number 17/2012 and we are finalizing the Governor’s decree on investment incentive,” he said.

Meanwhile, the Head of Investment and Promotion for Aceh, Ir Iskandar MSc, in his opening speech said that the event’s goal is economy development in the future.


Besides business forum, this event was also used for Aceh’s product exhibition, Iskandar said.

Friday, May 30, 2014

Singapore And Malaysia Dominated Foreign Investment in North Sumatra

28 May 2014

Investors from Singapore and Malaysia dominated foreign investment in North Sumatra although investors from China are also very interested to invest this this province. This issue was brought up by the Head of Investment and Promotion Board for North Sumatra - Indonesia, Purnama Dewi.

From the total realization of Foreign Investment (PMA) on first quarter 2014 IDR 1.286 trillion (USD 110.5 million), Singapore had been contributing to 47% and Malaysia with 20%. The rest are Thailand, Taiwan, South Korea, Hong Kong, England and several other countries, Purnama Dewi said in Medan on Tuesday.

“Although Singapore and Malaysia are dominating, but investors from other countries such as China are regularly seeking for investment opportunities in North Sumatra,” Purnama Dewi said.

Investors from China are interested in industries and service sectors such as highway and energy infrastructures development,” she said.

They also expect for domestics investors to realize domestic investment (PMDN) although the value will be relatively smaller than foreign investment.

The realization of PMDN for first quarter 2014 is IDR 559 billion (USD 48 million) or almost 50% from the PMA value.

According to the Secretary of Employers Association (Apindo) North Sumatra, Laksamana Adiyaksa, Investors from North Sumatra prefers to expand their business than realizing new investment as the permit is easier.

He also admitted that business owners also prefer to invest in service sector due to the promising market.

“We hope that domestic investors are supported so that the PMDN value could catch up with PMA value,” she said.

Thursday, May 29, 2014

North Sumatra Import in January Increased By 7.98%

6 March 2014

North Sumatra’s import in January 2014 increased by 7.98% with most of the imports came from Singapore, China and Malaysia; especially for raw material product.

“On January 2014, the import value had reaches US$ 437.660 million increases from the same period in 2013 at US$ 405.327 million,” the Head of Statistic Distribution under the Central Statistical Body (BPS) North Sumatra, Bismark Saor Pardamean, said in Medan on Wednesday.

The increasing import rate came from Singapore. North Sumatra import from Singapore has increased by 63.49%.

On January 2013, import value from Singapore was around 80.877 million US dollar and it had increased to 132.228 million US dollar in 2014.

Import from Malaysia and China on January had decreased by 19.59% and 8.71%.

“If our import from Malaysia and China to North Sumatra increased like Singapore, then our import value will increase significantly,” he said.

The Secretary of Indonesian Exporters Association (GPEI) North Sumatra, Sofyan Subang, said that most of the product North Sumatra imported is supporting raw materials, so the increase in import will not be dangerous.

Raw material import showed that the industries’ performance in North Sumatra had been going well.


“But I hoped that the supporting raw materials for our industries could be fulfilled by North Sumatra or domestic,” he said.