Hong Kong Finance Minister provides inexperienced funding financing

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Jakarta (ANTARA) – Hong Kong Finance Minister Paul Chan Mo-Po provided 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 acknowledged that Indonesia and Hong Kong have all the time been good companions within the areas of funding and commerce.

“We additionally need to supply a chance for Indonesia to make the most of Hong Kong’s place as a worldwide monetary middle. Final yr, we grew to become the primary nation in Asia, with the most important environmentally pleasant financing worth of US$65-67 million. If there’s a undertaking that wants inexperienced financing, please inform us and we will certainly assist,” Chan Mo-Po famous in an announcement 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 financial system is certainly rising, however the circulation of funding is uneven, particularly to growing international locations. Good relations between the 2 international locations could be strengthened by way of environmentally pleasant funding financing,” Lahadalia defined.

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

In accordance 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 also be pushing for value-added funding by way of 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 metallic, metallic items, non-machinery, and tools industries (US$9.67 million); electrical energy, gasoline, and water sector (US$3.14 million); in addition to housing, industrial areas, and places of work (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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