Keep Calm and Invest in RI, Jokowi Tells UK

President Joko Jokowi Widodo wrapped up a two-day visit to the UK on Wednesday by

sealing investment deals worth a total of US$19.02 with a number of British business
giants.
The firms are eyeing intensifying their presence in financial, renewable energy, manufacturing
and aviation sectors in Indonesia.
Speaking at UK-Indonesia business forum in London, which marked the signing of the
investment comitments, Jokowi said Indonesia had rached economics stability and isued
business-friemdly regulation to attract foreign investors to Southeast Asias biggest economy.
Keep calm and invest in Indonesia Jokowi said in his closing remarks, which received
applause from the audience.
British oil and gas giant BP accounted for most for deals, with a total of $8 billion in
investment commitments to expand its operation at the Tangguh gas block in Papua.
The second-biggest investment commitment, meanwhile, was made by the Jardine
Matheseon Group, which plans to spend $7.5 billion to expand its business in automotive,
infrastructure and properties.
Another major investment deal was made by London-based lende HSBC, which agreed to
invest $1.2 billion to support its upcoming merger with Bank Ekonomi and expand its
businessin Indonesia.
Investment Coordinating Board (BKPM) Chairman Franky Sibarani said his office had
assisted new and existing foreign investors from the planning to realization phases, with the help
of special marketing office that the BKPM estabilished in numerous countries including the UK,
US, Japan, South Korea and China.
Franky said Wednesdays deals not only saw incoming cash from the UK, as flag carrier
Garuda Indonesia would also spend $1.2 billion to procure several new aircraft engines
from UKs Rolls Royce, with the training of Indonesian engineers also part of the deal.
The $1.2 billion deal includes the procurement of new engines of well as the establishment of a
Garuda maintenance facility called Aero Asia. The facility can be expanded to serve not only
Indonesia but the ASEAN region, Franky said.
Before attending the business forum, President Jokowi met with CEOs from 20 British
companies who he briefed about the investment climate in Indonesia.
Among the CEOs were Sir Henry Keswick of Jardine Matheseon, Bob Dudley of BP, Stuart
Gulliver of HSBC, Gregory Hodkinson of Arup, Sir John Peace of Standard Chartered,
Paul Khan of Airbus, Collin Smith of Rolls Royce, Julian Atlams of Prudential and Nikesh
Sinha of NV VOGT Group.

Franky said pulp and paper company APRIL Group also announced during the forum its plan
to export pulp and paper worth $12 million to its UK partner Roxcel Group.
We have more incoming cash this time with a total $19 billion while exports only account $12
million, Franky said.
After attending Wednesdays forum, Jokowi flew to Brussels where he is to meet on Thursday
with EU leaders to discuss the possibility of Indonesia joining the Comprehensive
Economic Agreement Partnership (CEPA) with the EU.
The President will spend a day in Brussels before leaving for Amsterdam on Friday to finish up
his five day European trip, before he and his business entourage retuen to Jakarta.

Haeril Halim
THURSDAY April 21, 2016 Headline 3, THE JAKARTA POST/LONDON