VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Indonesian Embassy in London held a Business Briefing "Indonesia Investment Authority: Game Changer for Indonesian Investment" at the Indonesian Embassy in London, last Wednesday (7/4).Indonesian Ambassador to the United Kingdom and the Republic of Ireland, Desra Percaya explained in a welcome remark that the Indonesian government has established a Sovereign Wealth Fund (SWF) institution called the Indonesia Investment Authority (INA).In addition, the government has also set 51 out of a total of 54 rules for implementing the Omnibus Law to facilitate investment.

Prime Minister's Trade Envoy to Indonesia, Malaysia, the Philippines and the AEC, Richard Graham MP who was also present at this activity welcomed the establishment of the SWF institution in Indonesia.He also explained the importance of the SWF, especially during the economic crisis and its role in accelerating the economic growth of a country. Graham added that the formation of INA is the right step to increase British investment in Indonesia's infrastructure.

On that occasion, the key participant for this activity, CEO of the Indonesia Investment Authority (INA), Dr. Ridha Wirakusumah explained the advantages of investing in Indonesia through INA.According to Ridha, through INA, business people and investors will also get access to a mechanism towards an agreement on strategic assets of the government’s projects and the State-Owned Enterprises’ assets as well as ownership agreements in other sectors.

The session at this activity discussed INA's commitment to green finance, especially carbon tax, which attracted the attention of the global market.Regulations related to carbon trading are currently in the design process. The discussion session also discussed the priorities of the Indonesian government in absorbing investment in the transportation sector, especially airports.This is because this sector needs to be prepared to meet demand when the economy recovers after the Covid-19 pandemic.

This Business Briefing was held by the Indonesian Embassy in London in collaboration with the UK-ASEAN Business Council (UKABC) and the Indonesia Investment Promotion Center (IIPC) London.The event was moderated by Baroness Neville-Rolfe, Chair of UKABC. The briefing was attended by 72 participants, mostly from financial services businesses in the UK, consultants, government representatives, academics and think-tanks.