Indonesia, Singapore to develop BBK Free Trade Zone


Batam, Riau Islands (ANTARA News) - The Indone..." /> Indonesia, Singapore to develop BBK Free Trade Zone


Batam, Riau Islands (ANTARA News) - The Indone...">
Indonesia, Singapore to develop BBK Free Trade Zone


Batam, Riau Islands (ANTARA News) - The Indonesian and Singaporean governments cooperate in the development of Batam, Bintan and Karimun into an industrial zone competitive against other such projects in Asia and the Pacific.

A Working Group set up by the two countries on Wednesday agreed to develop the electronic, shipbuilding and network storage and server industry in Batam.

"This time we discussed action plans in exploring more than one sector for development, namely the electronic industry, ship building and network storage and servers," said Luky Eko Wuryanto who co chairs the group in Batam on Wednesday.

In addition to determining the three industries which will be developed in Batam the two countries will also discuss special incentives at Batam, Bintan, and Karimun free trade zone (BBK-FTZ).

"We are considering incentives expected by the investors," the official who is also deputy minister coordinating the economy of infrastructures and regional development.

In the meeting, Singapore also agreed to increase capacity building in running the BBK-FTZ by way of trainings with the special assistance of the Singapore government.

On the same place and occasion, Chairman of the Singapore Economic Development Board Leo Yip said the working group also agreed to seriously develop Batam, Bintan and Karimun.

In the meantime Assistant Deputy Minister for Infrastructure of Water Resources of the Ministry Coordinating the Economy Purba Robert Sianipar said actually many industries would be developed in Batam, but the working group agreed to develop several of them only for the same of efficiency and practicality.

The electronic, ship building and network storage and server industry in Batam on the basis of the global investment trend.

He said the cooperation between the two countries is not only in drawing up a concept favorable to fellow naighbouring countries. The Singapore government is also agreed to conduct a joint promotion in introducing Batam in the world business.

In the meantime, besides cooperation in the development of Batam, the two countries also agreed to set up a working group for the development of manpower, investment, air transportation, tourism and agribusiness.

The working group was the result of a meeting between President Susilo Bambang Yudhoyono and the Singapore Prime Minister on May 17, 2010.
<span style="font-size: 14pt"><span style="font-weight: bold">Indonesia, Singapore to develop BBK Free Trade Zone<br /> </span><br /> </span><br /> Batam, Riau Islands (ANTARA News) - The Indonesian and Singaporean governments cooperate in the development of Batam, Bintan and Karimun into an industrial zone competitive against other such projects in Asia and the Pacific.<br /> <br /> A Working Group set up by the two countries on Wednesday agreed to develop the electronic, shipbuilding and network storage and server industry in Batam.<br /> <br /> "This time we discussed action plans in exploring more than one sector for development, namely the electronic industry, ship building and network storage and servers," said Luky Eko Wuryanto who co chairs the group in Batam on Wednesday.<br /> <br /> In addition to determining the three industries which will be developed in Batam the two countries will also discuss special incentives at Batam, Bintan, and Karimun free trade zone (BBK-FTZ).<br /> <br /> "We are considering incentives expected by the investors," the official who is also deputy minister coordinating the economy of infrastructures and regional development.<br /> <br /> In the meeting, Singapore also agreed to increase capacity building in running the BBK-FTZ by way of trainings with the special assistance of the Singapore government.<br /> <br /> On the same place and occasion, Chairman of the Singapore Economic Development Board Leo Yip said the working group also agreed to seriously develop Batam, Bintan and Karimun.<br /> <br /> In the meantime Assistant Deputy Minister for Infrastructure of Water Resources of the Ministry Coordinating the Economy Purba Robert Sianipar said actually many industries would be developed in Batam, but the working group agreed to develop several of them only for the same of efficiency and practicality.<br /> <br /> The electronic, ship building and network storage and server industry in Batam on the basis of the global investment trend.<br /> <br /> He said the cooperation between the two countries is not only in drawing up a concept favorable to fellow naighbouring countries. The Singapore government is also agreed to conduct a joint promotion in introducing Batam in the world business.<br /> <br /> In the meantime, besides cooperation in the development of Batam, the two countries also agreed to set up a working group for the development of manpower, investment, air transportation, tourism and agribusiness.<br /> <br /> The working group was the result of a meeting between President Susilo Bambang Yudhoyono and the Singapore Prime Minister on May 17, 2010.
Jawawa.net: Indonesian Business and Investment News Aggregator
23
views
0
replies
0
followers
live preview
enter atleast 10 characters
WARNING: You mentioned %MENTIONS%, but they cannot see this message and will not be notified
Saving...
Saved
All posts under this topic will be deleted ?
Pending draft ... Click to resume editing
Discard draft

Warning: session_write_close(): Session callback expects true/false return value in Unknown on line 0