President Joko Widodo lures Hong Kong investors to invest in Indonesia

President Joko Widodo delivers a speech at a business gathering in Hong Kong (Image credit:

JAKARTA (TheInsiderStories) – President Joko Widodo met with leading investor and businessman Li Ka-Shing in Hong Kong on Monday morning (May 1) as part of his overseas visit to lure foreign businessmen to invest in Indonesia.

Speaking during a business forum in Hong Kong, the President told the businesss gathering that Indonesia is opened its arm for foreign investment. He calls on the investors to follow the footstep of Li Ka-Shing who has been committed to continue to invest in Indonesia.

Li Ka-Shing is the owner of CK Hutchison Holdings Limited, listed in Hong Kong stock market. Hutchison has been investing in Indonesia, including a container port in Tanjung Priok and few others.

“We continue to remain focused, and our focus today is to continue to reformed process,” President Joko Widodo said, citing the government’s decision to scrap the energy subsidy worth US$15 billion, and reallocated the subsidized funds to build infrastructure projects, health and education programs.

He also presented the government’s program to develop 35 GW of power plant programs, 1,000 km of toll roads, 3,258 km of railway projects, 15 new major airports, tens of new ports and more.

The government has also scrapped 3,000 regulations, including regulations issued by local governments that hampering investment, as well as improve business processed as reflected in the rise of Indonesia’s ranking of ease of doing business (EODB) issued by the IFC, armed of World Bank.

Hong Kong is one of major investors in Indonesia. During his visit in Hong Kong, the President also signed an MoU with Hong Kong administration to protect the rights of Indonesian workers in the area. President also met with workers working in Hong Kong.

The President arrived back home on late Monday after visiting the Philippines to attend the ASEAN Summit as well as Hong Kong. (*)