ASIATODAY.ID, JAKARTA – British investors view Indonesia as the best destination in Southeast Asia (ASEAN) to invest.
This was revealed from the results of the 2024 International Business Confidence Index (BCI) survey managed by the British Chamber of Commerce in Indonesia (BritCham).
Secretary of BritCham Indonesia, Ian Betts, explained that in the 9th BCI survey, Indonesia was viewed positively because it was in line with the UK’s trend in investment profile and orientation, entitled 3D, namely digitalization, decarbonization and defense.
“This year marks the highest growth in business confidence for Indonesia compared to 2015 to 2020,” said Ian, quoted Monday, April 29 2024.
BCI 2024 also shows that as many as 52% of business actors are considering additional investment in the next two years in Indonesia.
The survey also proves that most of the business expansion hotspots are outside Java, including: Bali, Kalimantan and Sumatra.
Additionally, the public sector is expected to adopt stronger and better behavior in consultation, business engagement, and regulatory or policy changes.
Finally, the business world is advised to accelerate digital adoption and improve digital services, taking into account the broad positive impact reaching 81% of digital transformation in business.
Chair of BritCham Indonesia Rino Donosepoetro explained that the right decisions taken by the Indonesian government, coupled with confidence in the resilience of the Indonesian economy in the medium term, are key for investors.
“Even though some indicators may experience a decline, the results are sufficient to serve and stimulate more trade and investment interest, especially from the UK,” he explained.
Donny emphasized that in the future BritCham Indonesia will always be ready to collaborate and cooperate with other chambers in Indonesia.
BritCham Indonesia CEO Chris Wren said that the overall positive results provided the perfect backdrop for celebrating the 75th anniversary of UK and Indonesia trade relations.
“BritCham believes that the insights gained from our BCI results and presentations will equip investors and businesses with invaluable knowledge, empowering them to pursue their respective agendas with confidence in Indonesia’s dynamic market landscape,” he explained.
For information, the 2024 BCI annual survey was designed and managed by BritCham supported by BP Indonesia, British School Jakarta (BSJ), Bumi Laut Group, CastleAsia, Institute of Chartered Accountants in England and Wales (ICAEW), Inke Maris & Associates, London School of Public Relations (LSPR), Solusi Mulia, Oval Partnership.
BritCham presented its findings to Indonesia’s Investment Coordinating Board (BKPM) and will use it to lobby for reform and promote Indonesia as an investment destination.
BCI is generally a series of images of economic and government performance that reflects the overall performance of business confidence in revenue, number of employees, profits and future investments.
Deputy for Investment Cooperation at BKPM Riyatno said it was important to maintain stable growth after the Covid-19 pandemic.
From the government side, Riyanto assured that his party has the ability to further support future investment in Indonesia. Especially the ability to support digital transformation, economic authorization, and cross-sector consultation.
“We are happy to provide end-to-end services for investors doing business in Indonesia, and we will amend the job creation law on several regulations and trade issues to improve legal certainty, recognize regional policies, and overall, simplify regulations, ” he said. (ATN)
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