Bali :

News Flash:

President Meets With Japanese CEOs

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on telegram
Share on whatsapp
Share on email

A recent press release from the office of President Joko Widodo said the President met with a number of CEOs of Japanese companies at the Imperial Hotel, Tokyo, Japan, on Wednesday, July 27, 2022. During the meeting, President Jokowi said that Japan is one of the largest investors in Indonesia with a quality investment character.

“I really appreciate the quality of Japanese investment. However, I also hope that Japanese investors will consider its competitiveness. So that they can compete with other investors in Indonesia,” said the President. “In short , good quality, competitive prices, that’s what we expect and I believe Indonesia is still one of the best investment places,” he continued.

As the fourth largest democracy in the world, President Jokowi said that the checks and balances in the Indonesian government system were running well. Indonesia’s domestic politics has also been very stable, Indonesia’s economic growth is also quite good post-pandemic.

“Last year we grew 3.69-percent and the first quarter of this year Indonesia’s economy still grew 5.01-percent Year on Year, inflation can also be maintained at 4.35-percent. Then the fiscal deficit is also quite good, I think this year it will fall below 4,” he explained.

In addition, Indonesia also still has foreign exchange reserves of USD 135-billion, and can be imported for 6-7 months. Currently, investment is expected to be able to build a green economy, including in the field of energy transition.

“Right now we are starting to build a new capital city where there are lots of investment opportunities, ranging from infrastructure, technology to build smart cities, and others. We have also simplified investment policies through the Omnibus Law, (the job creation law,) so that all permits can be handled in a coordinated manner at the investment office,” he explained.

To the CEOs, the President also asked them to contact Investment Minister Bahlil Lahadalia if they have problems investing in Indonesia.

“CEOs, please ask for the Minister of Investment’s cellphone number, this is important. If there is a problem, you can directly contact the Minister of Investment. If you can’t finish it at the Investment Minister, please contact me,” he said.

Also accompanying President Jokowi in the meeting with CEOs were Coordinating Minister for Economic Affairs Airlangga Hartarto, Coordinating Minister for Maritime Affairs and Investment Luhur Binsar Pandjaitan, Minister of Foreign Affairs Retno Marsudi, Minister of Investment Bahlil Lahadalia, Minister of SOEs Erick Thohir, Indonesian Ambassador to Japan Heri Akhmadi , and Chairman of Kadin Arsjad Rasjid.

The CEOs present were Toyota Motor Corp CEO Akio Toyoda, Sojitz Corp CEO Masayoshi Fujimoto, Mitsubishi Corp CEO Katsuya Nakanishi, Mitsubishi Motors Corp CEO Takao Kato, Mitsubishi Chemical Corp CEO Jean-Marc Gilson, Denso Corp CEO Koji Arima, Toyota Tsusho CEO Ichiro Kashitani, Sharp Corp. Vice President Masahiro Okitsu, Inpex Corp. Vice President Kenji Kawano, and Kansai Electric Power Vice President Matsumura Mikio.

 

Source: The President of The Republic of Indonesia Press Release

 

Latest Article

Join Our Online Forum

The Bali Expat Forum is one of the longest-running online communities for expats living in Bali. Click here to join

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.