- CNTV English - CCTV News

Homepage > News > Biz >

Indonesia hopes for increasing Singaporean investment

06-08-2010 10:47 BJT

JAKARTA, June 8 (Xinhua) -- Indonesia hopes that Singaporean investment could increase about 10 percent in the future following better knowledge of practice and procedure about arbitration in the country, an official told Xinhua in a recent interview.

Iwan Dermawan Hanafi, Chairman of Indonesian Chamber of Commerce and Trade for Singapore Committee, said that currently, Singapore is the biggest investor in Indonesia in business-to- business sector.

"Based on our data, in 2009, Singapore's investment reached 4,340.96 billion U.S. dollars and in the first quarter of 2010, the country invested 678.8 million dollars," said Iwan.

He said that with better knowledge of practice and procedure, Singaporean businessmen would be more aware with problems that might be occurred and how to resolve them.

For better knowledge, he said, Indonesia in cooperation with the Singapore International Arbitration Center (SIAC) held a workshop titled "International Arbitration in Indonesia: Practice and Procedure" on Monday.

"We want to socialize problems related to practice and procedure, both in international field and in Indonesia," he said.

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program