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France pledges 2.6$ Billion for Indonesia as Hollande visits

[vc_row][vc_column][vc_row_inner][vc_column_inner][mk_image src=”https://invest-islands.com/wp-content/uploads/2017/04/17760996_1263570870423900_7401230369206673727_o.jpg” image_size=”full” align=”center” margin_bottom=”30″][mk_fancy_title size=”35″ font_family=”none”]France pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia’s biggest economy during a visit by President Francois Hollande.
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Jokowi and Hollande witnessed the signing of five memorandums of understanding covering defense, sustainable urban development, research, technology and tourism, and also agreed to increase cooperation on maritime issues, fisheries and creative industries such as film and fashion.

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Investors exploring possibility of investment in Lombok

Some 200 investors grouped in the Indonesian Real Estate Association (REI) visited Lombok island in West Nusa Tenggara province to look into the possibility of investing in the Mandalika special economic zone.

Among the investment opportunities that the investors can develop in the special economic zone is constructing a hotel equipped with meeting hall with a capacity of accommodating 3 thousand people.

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Why Indonesia doesn’t have to worry about a property bubble…

JPMorgan’s Tandyono said the tax amnesty will spur demand for property.

For the first Quarter of this year, Indonesia’s residential property price index rose around 1.0%  on quarter. While on year, growth slowed to 4.15 percent.

Based on a recent surge in the share prices of Indonesian property developers, the market appeared to expect the money funneled abroad outside the purview of tax authorities might find its way back to the sector.

Around $200 billion of Indonesian funds that weren’t declared to tax authorities there could be stashed in Singapore alone, Reuters reported recently, citing banking sources. (more…)

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