Economic Relations between Malaysian-Indonesia at a glance – in Facts & Figures
by Prof. Tan Sri Dr. Sulaiman b. Mahbob
2014
Talking Points
- Malaysia is the second biggest ASEAN investor in Indonesia. Both countries want to achieve bilateral trade worth US$30 billion by 2015.
- We have explored many areas of mutual interest. Malaysia has approached Indonesian investors to invest in various sectors in Malaysia such as property, manufacture and technology, and they include investments in telecommunications, banking, plantation, hotel, restaurant and oil and gas sectors.
- Malaysia has invested in agriculture in Indonesia. The large number of Malaysian plantations in Indonesia is testimony to this.
- There is scope for trading in services. The presence of CIMB in Indonesia is also evidence of the possibility of investment in services across both countries.
- Indonesia’s state power company PT Perusahaan Listrik Negara (PLN) had earmarked large-scale electricity trading with Malaysia, after the construction of a transmission network connecting West Kalimantan and’ Sarawak. Up to 100 megawatts of electricity could be traded via the planned 275 kilovolt transmission line.
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