ID :
71418
Wed, 07/22/2009 - 09:39
Auther :
Shortlink :
https://www.oananews.org//node/71418
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JAKARTA BOMBINGS NOT TO CAUSE CAPITAL FLIGHT : KADIN
Jakarta, July 21 (ANTARA) - Foreign investors who have sunk capital in Indonesia will not flee the country following the bombings of the JW Marriott and Ritz Carlton hotels in Jakarta last week, a chamber of commerce official said.
"I don't think investors will flee the country. Investors see the market potential in Indonesia," chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for research, technology and industry affairs, Rachmat Gobel said here on Tuesday.
He said that due to the big market potential in the country investors would maintain their investment. "Should there be investors who flee, they must be the small ones," the Kadin official said on the sidelines of a discussion on Vision 2030 and Roadmap of national industry.
Gobel, who is also chief commissioner of PT Panasonic Gobel Indonesia which is partnering Matsushita Corp, believed that large scale investors would not easily flee only because of a bomb blast.
He admitted however that the bomb attacks would affect the behavior of foreign executives in Jakarta.
"We have to be aware of a fact which could create a small problem, namely foreign chief executive officers are banned by their governments to go and stay at hotels, particularly hotels owned by United States companies," he said.
He cited as an example where a Japanese director of PT Panasonic Gobel Indonesia refused on Tuesday to attend a meeting in a hotel in the Kuningan district because he was banned by his government to do so in a hotel.
"It is only a small example. I am afraid that such a minor case would be used by foreign investors to ask for a tax incentive from the government," he said.
Therefore, he said, Kadin is revising its National Industry Vision 2030 and Roadmap 2015 so that it would become an input for the government on the industrial sector that needed to be developed.
The input also included the needed business climate in the coming 20 years, including the incentives for a certain industrial sector, he said.
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"I don't think investors will flee the country. Investors see the market potential in Indonesia," chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for research, technology and industry affairs, Rachmat Gobel said here on Tuesday.
He said that due to the big market potential in the country investors would maintain their investment. "Should there be investors who flee, they must be the small ones," the Kadin official said on the sidelines of a discussion on Vision 2030 and Roadmap of national industry.
Gobel, who is also chief commissioner of PT Panasonic Gobel Indonesia which is partnering Matsushita Corp, believed that large scale investors would not easily flee only because of a bomb blast.
He admitted however that the bomb attacks would affect the behavior of foreign executives in Jakarta.
"We have to be aware of a fact which could create a small problem, namely foreign chief executive officers are banned by their governments to go and stay at hotels, particularly hotels owned by United States companies," he said.
He cited as an example where a Japanese director of PT Panasonic Gobel Indonesia refused on Tuesday to attend a meeting in a hotel in the Kuningan district because he was banned by his government to do so in a hotel.
"It is only a small example. I am afraid that such a minor case would be used by foreign investors to ask for a tax incentive from the government," he said.
Therefore, he said, Kadin is revising its National Industry Vision 2030 and Roadmap 2015 so that it would become an input for the government on the industrial sector that needed to be developed.
The input also included the needed business climate in the coming 20 years, including the incentives for a certain industrial sector, he said.
***2***
