The Indonesian Young Entrepreneurs Association (HIPMI) has identified Indonesia as a competitive investment destination for foreign investors. Anthony Leong, HIPMI’s Deputy Secretary-General, emphasized the importance of collaboration among ASEAN countries to strengthen the investment climate in the region, particularly in Indonesia. Speaking in Jakarta on Saturday, he highlighted the country’s abundant natural resources, significant demographic bonus, large consumer market, and stable economic and political environment, positioning Indonesia as a prime investment location. Leong cited data showing that Indonesia’s investment realization in the first half of 2024 reached IDR 829.9 trillion (around USD 54 billion), indicating global confidence in the nation’s economic potential.
Leong also pointed out Indonesia's role as one of the world’s largest coal exporters and its vast reserves of essential minerals such as nickel, copper, and bauxite. With the global focus shifting toward renewable energy, Indonesia seeks to attract more investments in this sector. He noted the country’s digital transformation, which has simplified investment processes through one-stop services, making foreign investment procedures more efficient. Leong further underscored incentives like income tax exemptions for up to 20 years and import duty waivers in specific sectors, which he believes make Indonesia even more attractive to foreign investors, particularly those from China.
