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datang, banyak harta yang bisa diambil, upah buruh murah, tax holiday, bebas 
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http://www.thejakartaglobe.com/economy/sby-appeals-to-apec-leaders-to-invest-in-indonesia/543223

SBY Appeals to APEC Leaders to Invest in Indonesia
Primus Dorimulu | September 09, 2012



 President Susilo Bambang Yudhoyono in Vladivostok, Russia, on Saturday said 
that Indonesia was open to investment in infrastructure. (AP Photo/Ahn 
Young-joon) 




Vladivostok, Russia. President Susilo Bambang Yudhoyono called on host nation 
Russia and other members of the Asia-Pacific Economic Cooperation forum to 
invest in Indonesia’s planned infrastructure projects valued at $500 billion, 
saying that such financing will come under a public-private partnership scheme 
that will be in force until 2025. 

He made the appeal as heads of state assembled for the first day of the APEC 
forum here on Saturday. The president used the meeting to explain the 
government’s Master Plan for the Acceleration and Expansion of Economic 
Development (MP3EI), which aims to boost growth across the country. To realize 
this, Indonesia would need huge investments, particularly in infrastructure for 
the construction of projects such as airports, roads, railways, seaports and 
electricity-generating plants. 

“In the years and decades ahead, we are embarking on a massive development 
initiative,” Yudhoyono said. “We project that this master plan will require 
some $500 billion of domestic and foreign investment.” 

He urged investors to take a look at Indonesia, which has Southeast Asia’s 
biggest economy, a population of more than 240 million people, abundant natural 
resources and a rapidly growing middle class. 

“On one hand, Indonesia will benefit from your investments and collaboration. 
On the other hand, your investment and returns will also grow,” the Indonesian 
leader said. 

The country expects to have at least $20 billion in foreign direct investment 
this year, and Yudhoyono said this figure will soar in the years ahead as 
Indonesia increases its investment appeal in many ways, including better laws 
and efficient policy implementation. FDI in Indonesia rose 18 percent to Rp 
175.3 trillion ($18.3 billion) in 2011. 

Yudhoyono added that Indonesia’s economy is already the 15th largest in the 
world with gross domestic product at more than $1 trillion, helped by 
purchasing power parity, and the fact that half of its population of 240 
million comprised of people at a productive age. 

The economy grew 6.5 percent last year— the fastest since 1996 — helped by low 
borrowing costs that are encouraging Indonesians to spend. Domestic consumption 
represents about 60 percent of the nation’s economic activity. 

In his speech titled “Resilient Asia-Pacific: The Engine of Global Growth,” the 
president said that further development of Indonesia’s infrastructure will 
enhance connectivity among members of the Association of Southeast Asian 
nations, which in turn will bolster economic growth in the rest of the 
Asia-Pacific region and the world as a whole. This can become reality when all 
APEC members cooperate more closely, Yudhoyono noted. 

Russian Ambassador to Indonesia Alexander Ivanov told the Jakarta Globe last 
month that Russian interest in Southeast Asia remains strong. Investment plans 
include a $2.5 billion railway project in Central Kalimantan, and Russian 
companies are keen to build smelters for processing minerals, he said. 

Yudhyono also discussed the need to overcome the problem of declining exports 
affecting APEC member economies, and said that a better balanced trade between 
developed and developing economies would be a good solution. 

Indonesia will host the APEC summit in Bali in October next year, the president 
said: “So, we are waiting for businesses in APEC to cooperate with us in 
developing infrastructure according to our master plan.” 

Established in 1989, APEC includes member economies Australia, Indonesia, 
Singapore, Malaysia, the Philippines, Brunei, Thailand, Vietnam, South Korea, 
China, Hong Kong, Japan, Papua New Guinea, New Zealand, the United States, 
Chile, Canada, Mexico, Peru and Russia. 

The group accounts for 50 percent of the global economy and its nations make up 
two-thirds of the planet’s population. 

All APEC leaders were in attendance except for US President Barack Obama, who 
was busy with his re-election campaign, and Australian Prime Minister Julia 
Gillard, who departed early on Saturday due to the death of her father. 

In a joint statement issued on Saturday, APEC ministers declared that they 
would cooperate to promote “increased growth and prosperity in the Asia-Pacific 
region amid continued global economic uncertainty.” 

The ministers agreed that the Asia-Pacific region would continue to serve as a 
major engine for the world economy and key driver for international trade and 
investment. 

The joint statement outlines policy initiatives based on leaders’ assessment of 
progress in advancing APEC’s 2012 priorities. These include trade and 
investment liberalization, regional economic integration, strengthening food 
security, establishing reliable supply chains and intensive cooperation to 
foster innovative growth. China, the Philippines and Peru will host APEC in 
2014, 2015 and 2016, respectively.

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