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NEWS | SBY WOOS OZ BUSINESSES TO INVEST IN INDONESIA - The Jakarta Post, March 12, 2010
 

Jakarta, March 12, 2010 - President Susilo Bambang Yudhoyono concluded his three-day visit to Australia on Thursday by calling on Australia?s business leaders to invest in Indonesia, promising "tremendous returns" on every investment.

Speaking in front of business leaders in Sidney, the President said Australian business people were welcome across a number of investment fields, including energy sources, agriculture, and infrastructure.

About 400 Australian companies operate in Indonesia, the largest economy in Southeast Asia, including those in the mining, construction, banking, transport, and food industries. Australia is Indonesia?s 12th largest investor, excluding oil and gas, Yudhoyono said, and "This is a statistic we can improve."

Yudhoyono and Australian Prime Minister Kevin Rudd agreed to intensify cooperation in handling problems related to boat people and speed up the process of relocating asylum seekers.

Yudhoyono and his entourage of ministers and governors left Australia at around noon local time and are expected to arrive in Papua New Guinea for a bilateral summit at 4 p.m local time. The President is schedule to arrive back in Jakarta at noon Friday.

Reporting from The Jakarta Post.

 
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