Although Covid-19 Pandemic, Investment in Batam Claimed to Stay on Positive Trend

TRIBUNBATAM.id, BATAM - The value of investment in Batam over the past 5 years is still on a positive trend, and although it is currently experiencing Covid-19 pandemic.

This was revealed by Head of Batam Business Entity (BP), Muhammad Rudi, when speaking at a web seminar (webinar).

Organized by Singapore Business Federation (SBF) and Singapore Committee of the Chamber of Commerce, yesterday.

Muhammad Rudi said that the number of PMA and PMDN companies that have Permits for Imported Producer Identification Number (API-P) and Regional Business Permits recorded at BP Batam is 1,309 companies with a total of 169,265 employees.

Head of BP Batam Muhammad Rudi added, out of the 10 countries with the most capital invested in Batam, Singapore still dominates in the first position with an investment value over the past 5 years of more than 1.2 million USD.

Followed by Hong Kong, Malaysia, Australia and France.

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"During this pandemic, we inform you that industries in Batam city did not experience lockdowns so activities are still running normally even though we implement and oversee the health protocol system in each company in Batam," Muhammad Rudi said as released by TRIBUNBATAM.id, Thursday (7/9/2020).

The Indonesian Ambassador to Singapore, I Gede Ngurah Swajaya, also participated as a speaker in the webinar.

In his presentation, Indonesian Ambassador to Singapore said Asia was a region that was targeted for increasing manufacturing productivity.

With the support of its human resources and natural resources, Indonesia contributes 40 percent of the market in Asia.

In addition, said I Gede Ngurah Swajaya, based on Morgan Stanley research, Indonesia was included in the second group on the acceleration of post Covid-19 economic recovery after China.

Furthermore, Ngurah Swajaya said, currently Indonesia has developed 108 industries that are supported by industrial technology.

To support this effort, Indonesian government has collaborated with the Investment Coordinating Board (BKPM) and Bank Indonesia will conduct an Investmant Day to attract investors.

"With a stable political situation and a very favorable geographical location, Batam is considered very ideal for the development of the manufacturing industry," said Indonesian Ambassador to Singapore, I Gede Ngurah Swajaya.

In addition to presenting Indonesian Ambassador to Singapore and Head of BP Batam, the webinar also presented Executive Director of the Singapore Business Federation Mr Thian Tai Chew and Chairman of the Singapore Committee of the Chamber of Commerce Dr. Michael Goutama.