JAKARTA: Through 2011 World Economic Forum on East Asia, Indonesia is viewed to be a global investment destination by pocketing a lot of investment commitments from Asia, Europe and US with total investment value to tens of billions in US$.Today, Indonesia has a quite positive branding perspective compared to previous branding, as confirmed by Chairman of Investment Coordinating Board Gita Wirjawan. He also expects for the situation to be realized concretely.The participants of WEF on East Asia held in Jakarta is more than the forums participant in last year and have communicated their incredible investment interest from Asia, Europe, and US having different perspective positively for Indonesia today, Gita stated in the forum, yesterday.Totally, there are at least US$5 billion-US$10 billion to be realized in the near future. Even, within of next 2-3 years, other new investment commitments are still waiting to be realized with more than US$30 billion investment.Following investments of Nissan, Daihatsu, and Tata Motors having hundreds of millions in US$ for constructing automotive plants in Indonesia, several companies on manufacture and energy sectors have communicated their commitment.GMR Group India, Bangalore, India-based infrastructure company, has committed to allocate US$5 billion in projects of airport, power plant, and railway. Another India-based company, GVK, also invests US$3 billion in the infrastructure sector.In the meantime, Essar Group, India-based miner, plans to construct power plant, steel plant, and railway with US$5 billion investment excluding its coal and iron sand investment.Then, Lotte Group, Hanwa, SK Group and several South Korea-based business groups are eyeing for investment on oil and gas, petrochemical, and retail sectors in Indonesia with US$3-5 billion investment each.As an example, Hanwa is eyeing for insurance sector and has acquired several coal mines in Kalimantan. In addition, it also has interest in infrastructure sector including toll road and port as well as steam power plant construction or other projects with additional value as smelter.Other investments also come from US-based companies, as Procter and Gamble, Unilever, Nestle, and General Electric leading to higher manufacture investment with hundreds of millions in US$.In the meantime, Nestle has proposed a new commitment to redevelop its factory in East Java after realizing the factory construction with US$150 million-US$250 million investment, as informed by Gita.Another new investment comes from Coca Cola only having initial commitment by US$500 million. Yesterday, it plans to escalate the investment for 4-5 times, he said.On the other hand, Kraft Foods Inc President for Asia Pacific Pradeep Pant confirmed that the company doesnt face obstacles for investment in Indonesia. Even, it commits to keep enhancing its investment considering on growing conducive condition.Sinar Mas had operated its crude palm oil factory in Marunda, North Jakarta with capacity of 800,000 tons per year, as confirmed by Managing Director Gandi Sulistiyanto.To support all commitments, government has formulated incentive in a term of tax holiday with value limit of US$500 million or lower than previous figure by US$1 billion (Bisnis, June 6, 2011).Millennium Development GoalsAbout US$8 billion fund per year is needed to achieve millennium development goals (MDGs) in Asia Pacific region, as affirmed by Bank Pembangunan Asia Managing Director General Rajat M. Nag.Fund mobilization is needed which doesnt only focus on optimizing taxation, but also on taxation system improvement and others. Without great management system, MDGs cant be achieved, he said.In addition, public financing is also main factor for realizing the programs of MDGs, as an example Scandinavia has economic growth along with social equality and environmental sustainability, as asserted by Jeffrey D. Sachs, Director of Earth Institute at Colombia University who is also acted as Special Secretariat Advisor of Nation Union for MDGs.He also agreed that good, effective and clean governance is a main key for MDGs. Money is very important, but raising and benefiting money is very more important, he confirmed. (Sepudin Zuhri/Diena Lestari/Erna S. U. Girsang) (t01/msw)

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