The European Business Chamber of Commerce (EUROCHAM) is the principal business organisation in Indonesia, which promotes European business interests and represents European member companies. EUROCHAM provides members with excellent opportunities to network and share business experiences, and through 13 Sectoral Working Groups, EUROCHAM assists members to advance key business issues by:
• Coordinating and issuing Annual Position Papers from the working groups
• Fostering dialogue with officials from all levels of the Indonesian Government
• Maintaining close ties with key European institutions, particularly the Delegation of the European Commission, European Embassies in Jakarta, and European Bilateral Business Organisations
• Strengthening contacts with business groups, international organisations, and other relevant stakeholders
EuroCham launched its Annual Position Papers on Friday, 19 February 2010. The launch seminar was opened by Clifford Rees (Chairman) and followed by HE Julian Wilson's (Head of European Delegatin in Indonesia) address speech. 130 participants in total attended the event. The second session including a panel discussion on "connectivity" which was moderated by Scott Younger. If you would like a copy of our Position Papers, please contact our secretariat.
According to the figures released on February 26th annual inflation in the Euro area came up to 1 percent in January 2010 and 1.7 percent for whole EU area. In December 2009 inflation was recorded at 0.9 percent in the eurozone and 1.5 percent in the EU and at 1.1 percent and at 1.8 percent respectively a year earlier. As for the member states, annual inflation in January 2010 rose in seventeen states, remained stable in one and fell in nine compared with December 2009. The lowest 12-month average up to January 2010 was recorded in Ireland at -2 percent and the highest in Romania at 5.4 percent. Sweden had a 12-month average of 2 percent and an annual inflation of 2.7 percent in January 2010. The main components with the highest annual rates in January 2010 were transport at 4.9 percent, alcohol & tobacco at 4.6 percent while food and communications had the lowest annual rates at -1.2 percent and -0.9 percent respectively.
The Chairman of the Indonesian Investment Coordinating Board (BKPM), Pak Gita Wirjawan, has committed to working closely with Kadin Indonesia to improve the investment climate in Indonesia over the next five years. He has asked Kadin for a position paper to lay out some of the priorities of local and foreign investors and has suggested regular consultation with Kadin. Wirjawan was speaking in December on his first visit to Kadin as the new Chairman of BKPM at a Kadin BSD Business Briefing attended by more than 100 Kadin members and representatives of Industry Associations and foreign chambers. Wirjawan said that he was seeking very practical measures that would make a difference for investorsearly in the Government’s term. He identified implementation of the new One Door Service (PTSP) for investors, established under a Presidential Decree in Septembers 2009, as the one of his first priorities. He said that he was already in discussion with the various departments and agencies to bring requirements for investors into the PTSP system and he was confident that to PTSP would soon be operational.
In the most recent report from the World Bank on Indonesia’s economy it is stated that the economy is “back on track” to faster growth and better standards of living. But the report also cautions that risks remain significant; as international or domestic developments could knock Indonesia's economy off track. The country’s economy continued to gradually strengthen into Q4. Financial markets remained more volatile, with significant capital inflows supporting strengthening financial asset prices. The report highlighted that the outlook for a gradual recovery in growth and inflation remains, which would support a reduction of poverty.
European Business Chamber of Commerce in Indonesia (Eurocham) World Trade Center, 8th Floor - Jl. Jend. Sudirman Kav. 29-31 Jakarta 12920 Phone: (62 21) 521 16 50 Fax: (62 21) 521 16 51 Email: info@eurocham.or.id
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