VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Indonesian Embassy in Singapore encouraged the  increasing of domestic investment amid the Covid-19 pandemic through the Indonesia Investment Day 2020. Ambassador of the Republic of Indonesia to Singapore, Suryopratomo in a written statement stated last Wednesday that Indonesia Investment Day (IID) is a platform of  information dissemination  to attract investment to Indonesia. The Indonesian Embassy in Singapore in collaboration with Bank Indonesia representatives from Singapore and the Indonesia Investment Promotion Center (IIPC) held the 3rd Indonesia Investment Day (IID) on Tuesday (27/10). Unlike the previous years, the IID 2020 was held virtually with 226 registered participants that consisted of Singaporean and Indonesian businessmen and investors, Singaporean and Indonesian media and Indonesian representatives in many countries.

The Indonesia Investment Day has become an annual excellence program of the Indonesian Embassy in Singapore since 2018 and has attracted the interest of many stakeholders and investors from Singapore and lots of countries in the world.The Indonesian Embassy in Singapore held Road to IID 2020 for 11 weeks and it presented 11 provinces and 110 investment projects that are ready to be offered. During the weeks, it recorded 42 "one-on-one" meetings with investors’ interest in the transportation and logistics, infrastructure, industrial estates, special economic zones, manufacturing and tourism sectors.  Chairman of Singapore Enterprise, Peter Ong stated that Indonesia is still one of  the main investment destinations for Singapore. Some  Indonesian investment projects with investors from Singapore are Kendal Industrial Park and Subang Smartpolitan. The IID 2020 which was implemented virtually is considered a creative way to keep on encouraging and drawing the attention of  Singaporean investors to invest in Indonesia amid the ovid-19 pandemic.

Meanwhile, Governor of BI, Perry Warjiyo stated that  Indonesia remains a very attractive country to invest, particularly  due to Indonesia having promising economic growth and stable macroeconomic stability. On the same occasion, Head of Capital Investment Coordinating Board (BKPM),  Bahlil Lahadalia explained that Singapore has been in the top rank for foreign investment into Indonesia over  the last five years. Total investment in 2015-2019 amounted to US$46.4 billion dollars. Meanwhile, until September 2020, Singapore's investment reached US$ 7.2 billion dollars. Therefore, the Indonesia Investment Day 2020 is expected to be a concrete effort to answer investment challenges amid the current pandemic situation as well as to respond to the efforts of national economic recovery acceleration.