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5/3/11

JP Morgan: Investment Climate In RI Very Interesting?

JP Morgan Chase TowerImage via Wikipedia

By Linda T. Silitonga & Irsad SatiJAKARTA: JP Morgan Chase & Co. are optimistic that Indonesia's investment climate is still very attractive to investors the world today, particularly to the field of power generation, infrastructure, and oil.
Chairman & CEO of JP Morgan Chase & Co. Jamie Dimon believes investors from several countries of the world will come to Indonesia to explore the development of a number of projects and investment.
"I do not believe Indonesia [the conditions] of overheating, but I believe Indonesia as a very attractive country to invest among others in the field of hydropower, infrastructure, oil," Dimon said at the press after meeting with President Susilo Bambang Yudhoyono at the Presidential Office, the day this.
Company finance and international investment from the U.S. also believes that Indonesia's economy continued to grow. In fact, the global settlement of bonds amounting to U.S. $ 2.5 billion has been done. Investors the world, he explained, while also assessing the trustworthiness Indonesia to get credit.
In the same occasion the Head of Investment Coordinating Board (BKPM) Gita Wirjawan said JP Morgan has helped the government through the Minister of Finance for a global settlement of bonds amounting to U.S. $ 2.5 billion.
"I think it shows a bright spot, because global bond pricing to reflect Indonesia yesterday it had already become investment grade. We hope Dimon voiced to friends in the international institutions of the world, [that] Indonesia has been entitled to become a country of investment grade status or investment," saidGita.
When meeting with SBY, he explained, JP Morgan has delivered Indonesia's economic prospects.
Associated with oil prices, he added, JP Morgan believes the condition is not going to continue to fluctuate given the supply and demand of oil on the world stage quite balanced.
"[JP Morgan] concern about oil prices is valid, but he [JP Morgan] did not see any fundamental reason to dip into it, because supply and demand is actually quite balanced and there is no shortage of supply and supply of the world, and it will greatly help the economyworld and of course indirectly Indonesia, "he said.
JP Morgan, said Gita, Indonesia appreciates the assessed fiscal discipline has also been set up in the debt to GDP ratio is very low at 26%, and the existence of monetary stability without an increase in interest rates as often as has been done by the government of China and India.
"Therefore he [Dimon] argued Indonesian investment climate is still very attractive," he said.
JP Morgan Chase & Co. is also exploring opportunities to fund infrastructure projects in the masterplan the acceleration and expansion of economic development of Indonesia (MP3EI). (Yn)source: bisnis.com

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