Wednesday, February 1, 2023
HomeFinanceHong Kong Finance Minister provides inexperienced funding financing

Hong Kong Finance Minister provides inexperienced funding financing

Jakarta (ANTARA) – Hong Kong Finance Minister Paul Chan Mo-Po supplied alternatives for inexperienced or environment-friendly funding financing to Indonesia at a gathering with Funding Coordinating Board (BKPM) Head Bahlil Lahadalia in Davos, Switzerland.

On the assembly on the sidelines of the World Financial Discussion board (WEF) on January 19, 2023, Chan Mo-Po said that Indonesia and Hong Kong have all the time been good companions within the areas of funding and commerce.

“We additionally need to provide a possibility for Indonesia to make the most of Hong Kong’s place as a world monetary heart. Final yr, we turned the primary nation in Asia, with the most important environmentally pleasant financing worth of US$65-67 million. If there’s a venture that wants inexperienced financing, please inform us and we will certainly assist,” Chan Mo-Po famous in a press release in Jakarta, Saturday.

Lahadalia additionally welcomed the chance of inexperienced funding financing from Hong Kong that was offered by Chan Mo-Po.

“We welcome financing investments within the environmentally pleasant power sector as a result of this is a vital a part of the precedence scale of the Indonesian Authorities. The inexperienced economic system is certainly rising, however the movement of funding is uneven, particularly to growing nations. Good relations between the 2 nations could be strengthened via environmentally pleasant funding financing,” Lahadalia defined.

Associated information: Minister Lahadalia harassed on equal financial progress at WEF 2023

In keeping with Lahadalia, eco-friendly financing can nonetheless be optimized within the area of Southeast Asia. Furthermore, Indonesia has a number of environmentally pleasant funding tasks, together with these associated to power transition and improvement of the electrical automobile battery ecosystem. The potential could be developed and maximized collectively.

Alternatively, Indonesia can be pushing for value-added funding via energy-oriented downstreaming and environmentally pleasant industries.

Primarily based on knowledge of the Ministry of Funding/BKPM, the conclusion of Hong Kong’s funding in Indonesia for the final 5 years reached US$19 million, with the three highest realized investments sectors: base steel, steel items, non-machinery, and gear industries (US$9.67 million); electrical energy, gasoline, and water sector (US$3.14 million); in addition to housing, industrial areas, and workplaces (US$1.92 million).

Associated information: Indonesia to cease fossil gas imports by 2045: Pandjaitan

Associated information: Inexperienced investments create seven to 10 extra job alternatives: BI

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