Asia > South-Eastern Asia > Indonesia > France interested in investing in West Java Indonesia

Indonesia: France interested in investing in West Java Indonesia

2014/04/25

French Ambassador to Indonesia Corinne Breuze met with West Java Governor Ahmad Heryawan in Bandung on Wednesday to discuss government-to-government partnerships in a number of sectors.

Governor Ahmad said the ambassador presented several proposals, such as for railway and monorail projects.

“She is as well interested in a geothermal project," Ahmad told the press next the bilateral conference at the Gedung Sate building, as quoted by kompas.com.

“We really support partnerships with France and are ready [to carry out the projects]."

He, however, said that the two parties had from presently on to discuss details of projects, such as commencement dates.

He said they would discuss the matter further at separate meetings in the near next to decide the focus of the partnerships and the projects.

Related Articles
  • Revised IMF forecasts signal gloom on global economic outlook

    2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • The election of local leaders in Indonesia

    2014/10/09 A bill that will transfer the election of local leaders in Indonesia from the people to the Regional Legislative Councils is currently being contested. The Indonesian parliament passed the bill to end direct local elections on 26 September. But outgoing President Susilo Bambang Yudhoyono announced on 30 September that he is preparing an emergency presidential decree to overturn the decision and replace elections. Direct elections at the local level — or Pilkada — have been in place since June 2005. Proponents of the abolition of direct local elections cite the high cost of national funding inclunding uncooperative regional heads once elected. The controversial bill, if it is not overturned, will take result less than a month before the inauguration of president-elect Joko Widodo (Jokowi), himself a beneficiary of the Pilkada system.
  • Indonesian president-elect Joko Widodo has pledged to push through much-needed reforms to attract foreign investment

    2014/09/21 The price of investor-national dispute settlement (ISDS) procedures has been questioned by Australia and, additional recently, Indonesia. The Australian government’s controversial 2011 Trade Policy Statement — stating that Australia would not acknowledge to ISDS in its treaties — caused significant debate. In part, Australia’s policy was motivated by Philip Morris’ legal action against the government over legislation requiring the plain packaging of cigarettes. Since again, a change of government in 2013 has meant that Australia has retreated considerably from its previous strict position. The current Abbott government has indicated it will consider the inclusion of ISDS on a case-by-case basis. While the government agreed to the inclusion of ISDS in the recent agreement with Korea, no such regime was included in the agreement with Japan. Recently, Indonesia has indicated discontent with the current national of its investment agreements. Some in Indonesia have expressed an aversion to ISDS in particular. Before this year, the Netherlands embassy in Jakarta announced that the Indonesian government had informed the Netherlands that it intended to terminate the Netherlands–Indonesia Bilateral Investment Treaty (BIT) from 1 July 2015, which is at the same time as the BIT expires. The Netherlands embassy as well stated that the Indonesian government had mentioned it intended to terminate all of its 67 BITs.
  • Garuda Indonesia as its 20th member and second airline from Southeast Asia

    2014/03/06 SkyTeam, the world airline alliance, has welcomed Garuda Indonesia as its 20th member and second airline from Southeast Asia. Garuda's membership adds Jakarta as an alternative gateway to and from South East Asia, inclunding 40 new destinations to SkyTeam's world network served uniquely by the alliance. "Garuda's entry into the alliance will give its customers access to SkyTeam's 1,064 destinations, covering over 90% of the majority relevant traffic flows in the world," said Michael Wisbrun, SkyTeam's Managing Director. "Garuda strengthens our presence throughout the Asia Pacific region for our 588 Million world passengers."