Consider Government ‘Indonesia Investment Fund’

Posted by super on February 5, 2015 in Asset Companies |

JAKARTA – The government is considering the establishment of an investment fund. With the investment fund, the state-owned company to acquire a company.

Coordinating Minister for the Economy Hatta Rajasa said the investment fund is a good idea. He considers Indonesia also needs to implement the investment fund. He explained that, in the presence of state-owned investment as it can directly perform the takeover.

“There is no need of government. SOEs we can also do that. Entrepreneurs private. Kadin there was some sort of holding, she was investment as fund so that he could acquire a profitable company. Idea that,” he said at the Shangri-La Hotel, Jakarta.

On the same occasion, the Chairman of Kadin Suryo Bambang Sulisto revealed, the economic relations between countries, in the era of globalization is basically the principle of two-way or two-way-traffic both in trade, tourism, as well as in investment.

“To support the implementation of the strategic investment overseas, the Chamber of Commerce and submit a proposal for the government to establish an institution in charge of managing what we refer to as” Indonesian Investment Fund “(as in Malaysia Khazanah and Temasek in Singapore),” he said.

According to him, Indonesia should not be spectators while similar institutions overseas acquisition of assets in the country of the best such as banking, telecommunications, mining, plantations, and even aviation.

“For example, the use of Indonesian Investment Fund we are proposing is whether the harm if the Government through such Bulog acquired or acquires Soybean Sugar Plantations in Brazil or Pertamina to buy oil refinery or smelter Antam take to process the results of our mines,” he said.

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