Financial
Services Authority’s (OJK) Banking Supervision Department 2 will host a seminar
on the theme of “Investment Prospects and Opportunities in Indonesia for
Foreign Banks’ Representative Offices,” at Radius Prawira Tower, 25th
Floor, Bank Indonesia Office Complex, Jakarta, on Wednesday (Dec. 6).
Heru Kristiyana, OJK Executive Head of Banking Supervision,
will deliver his keynote speech for the seminar. The event will also be
attended by chiefs of foreign banks’ representative offices and officials from
the Coordinating Investment Board (BKPM), the National Development Planning
Agency (Bappenas), the Ministry of Energy and Mineral Resources (ESDM), and
Bank Indonesia (BI).
Foreign investors have been showing increasing interests to
invest in Indonesia, and this was the reason behind the OJK’s decision to hold
the seminar. Their higher interests were reflected by the amount of foreign realized
investments as of September 2017 that reached IDR 318.5 trillion, which made up
62.1 percent of total realized investments of IDR 513.2 trillion.
Data from OJK’s Banking Supervision Department 2 shows that
currently, there are 24 representative offices of foreign-based banks that
operate in Indonesia. As of this year’s third quarter, these offices had
channeled loans worth IDR 71 trillion, up 12 percent from IDR 63 trillion in
December 2016. In addition, the representative offices have also made it
possible for their headquarters to run the latter’s strategic plans in
Indonesia.
Thus,
the seminar is expected to provide the representative offices with information
about the national economy, potential in various areas, and the investment
licensing process, as investors from the representative offices’ countries of
origin need all of this information when making decisions about investing in
Indonesia.
