Jakarta (ANTARA) - The Indonesia Investment Coordinating Board (BKPM) is collaborating with DBS Bank for increasing foreign investment into the country.

While signing a memorandum of understanding (MoU) with Bank DBS Indonesia in Jakarta on Wednesday, BKPM head Bahlil Lahadalia said he hoped the synergy of both parties would help encourage investment into the country.

"Through this cooperation, I hope we can work together to exchange information (about) what (we) can (do to) support each other to accelerate foreign investment into Indonesia," Bahlil Lahadalia said via a virtual conference.

The head of the Investment Coordinating Board said that both parties would collect data and analyze which potential investors can be approved immediately.

"I think after this (MoU signing) we will take a strategic step by looking at the data of DBS customers and their (interest) trends," Lahadalia informed.

Speaking at the MoU signing, president director of Bank DBS Indonesia, Paulus Sutisna, said that DBS, as one of the major banks in Asia, has a regional reach, which, he believes, would help not just in promoting, but also facilitating investment.

“(The collaboration would cover) Both foreign investment in Indonesia and the investment of business people to countries where DBS operates," he pointed out.

Paulus said he believes there is potential for successful cooperation because banks have close relationships with corporate customers and know their sectors, investment interests, and promising business opportunities.

"As a trusted business partner, banks can provide direction and accuracy to profitable investment opportunities," he noted. (INE)

Related news: Investment realization in Q1 2020 strengthens by eight percent: BKPM
Related news: BKPM receives South Korean investors' delegation amid COVID-19
Related news: COVID-19 has impacted Indonesia's investment activities: BKPM


Reporter: Ade Irma Junida, Azis Kurmala
Editor: Suharto
Copyright © ANTARA 2020