| Minister for State Owned Enterprises Investing U.S. Invite |
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| Thursday, 29 July 2010 08:45 | |||||||
Page 1 of 2 New York - State Enterprises Minister Mustafa Abubakar urged the United States capital market investors to invest in Indonesia because state-owned companies currently evolving positively, although in general the economy in central Asia experienced a setback."We believe a strong Indonesian economy in the face of the crisis in 2009 is proof positive that our company is much better than before, has a strong balance sheet and has a great opportunity to grow," Mustafa said when speaking in front of the capital markets business in New York Midtwon Conference and Client Center in New York, Tuesday. Mustafa's presence in New York is part of the program "Indonesia Corporate Day 2010" run by the Indonesian Government to provide the latest overview of the development of football lunge companies of State Owned Enterprises (SOEs) or government strategy in promoting SOE growing positive. Mustafa convey the Indonesian government plans to achieve economic growth rate of 7.7 percent, 12.1 percent of investment growth, total investment of 10,000 billion; Rp1.500 trillion of infrastructure investment, and export growth of 15.6 percent. "Body-owned enterprises will play a key role to achieve these targets this," said Mustafa. He explained there is currently 141st state enterprises and the total assets owned at the end of 2009 was recorded at 239th billion dollars - represents 40 percent of the total Gross Domestic Product Indnesia. While total revenue in the same period recorded 106 billion U.S. dollars with net profit reaching 9.4 billion U.S. dollars. Regarding the capital market, said Mustafa, most state enterprises have a highly reputable stock ("blue chip") and four companies namely Telkom, Bank Mandiri, Bank Rakyat Indonesia and the National Gas Company, included in the list of top 10 companies in the Indonesian capital market. "Indonesia Corporate Day 2010" organized by the Bank of America, Merrill Lynch and backed by Goldman Sachs, meanwhile, Mandiri Securities and Bahana Securities were held in two cities in the U.S., namely Boston (July 26) and New York (July 27). The program is filled with individual and group meetings between Indonesian companies with U.S. businessmen. State-run companies are present in Boston and New York is the Aneka Tambang, Bank Mandiri, Bank Negara Indonesia, Bank Rakyat Indonesia, the State Savings Bank, Jasa Marga, state gas company, Semen Gresik and Telkom. Carrying 130 investors involved meetings in Boston, while 185 others have a meeting in New York. Similar programs will continue in the UK, namely in London (July 29) and Edinburgh (July 30), and Timah Tbk will join with nine other state-run companies to conduct meetings with British entrepreneurs the capital market. According to the Minister Mustafa, in various meetings in Boston and New York, U.S. investors put hopes on the very sectors that are believed to have promising business prospects. However, he admitted there were still some concerns and complaints submitted by them in investing their capital in Indonesia, among others, related to long-term investments such as lease rights for land, infrastructure - especially electricity - and stabilizing social and political conditions. The government, he said, continue efforts to overcome these problems so that the desire of foreign businessmen to invest their money in Indonesia is not blocked. (ANTARANews) www.tenderoffer.biz
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