Taiwanese Companies to Invest in 48 Projects in Java Island

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  • Seorang petugas berjalan keluar dari pabrik karet, PT Bumi Nusa Makmur (BNM) di Desa Medali, Mojokerto, Jawa Timur, 22 September 2014. Pabrik tersebut telah mencemari lingkungan dengan cairan limbahnya ke warga sekitar. TEMPO/ISHOMUDDIN

    Seorang petugas berjalan keluar dari pabrik karet, PT Bumi Nusa Makmur (BNM) di Desa Medali, Mojokerto, Jawa Timur, 22 September 2014. Pabrik tersebut telah mencemari lingkungan dengan cairan limbahnya ke warga sekitar. TEMPO/ISHOMUDDIN

    TEMPO.CO, Jakarta - A number of companies from Taiwan are investing in 48 projects in Java Island, which are worth US$15.19 million.

    “That is just the first quarter investment this year,” Arief Fadillah, Head of Trade and Economy Indonesia said in Taipei on Monday, July 13.

    Taiwan’s largest investment is in Jakarta worth US$5.51 million, followed by West Java and East Java, each worth US$3.16 million and US$2.70 million.

    Most of Taiwan's investment in Indonesia for the first quarter of 2015 is the residential sector, industrial estates, and offices totaling US$4.63million.

    Followed by the trade and reparation sector worth US$2.54 million and rubber industry, rubber goods, and plastic worth US$2.1 million.

    Arief is optimistic that Taiwan’s investment value in Indonesia will continue to grow given that during June 2015, his company have held a number of business meetings and bilateral forums and other activities to promote Indonesia as a trade and investment destination for entrepreneurs.

    Previously, KDEI visited CTBC Financial Holding Co Ltd, paper importer Right Choice Co Ltd, Pan Asia company in Kaoshiung, China Shipbuilding Corp (CSBC), Hung Shen Propeller company, Taiwan Electrical and Electronic Manufacturers Association  (TEEMA) and Taiwan Association of Machinery Industry (TAMI).

    In addition, KDEI is participating in the 20th Joint Economic Cooperation Conference betwen Indonesia and Taiwan in Jakarta, the Indonesia Investment Promotion event that involved 100 medium and large-scale enterprises and Food Taipei 2015.

    Meanwhile, Indonesia-Taiwan trade activity during periods January-April 2015 reached US$3.46 billion or down by 6.57 percent compared to the same periods last year.

    Arief said that trade performance between Indonesia and Taiwan are affected by production activity in both countries which is experiencing in a decline.

    “But we are optimistic that there will be an increase in the next month until the end of the first half along with a number of business forums and business exhibitions participated by the Indonesian government and a number of Indonesian entrepreneurs,” said Arief.

    ANTARA